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AXS

AXS (Analysis)Hello, dear TradingView members. AXS was downtrend last week. After several attempts by buyers to break the resistance of $19, the price hit a higher resistance at $20. Due to breaking the resistance of the $19 range, the buyers tried to turn this resistance into support. But it was immediately accompanied by selling pressure, and the trend reversal started at $20. The support range drawn on the chart at the price of 13.5 to 14.1 dollars has been associated with a good reaction, but you should note that if it returns to the top, it is possible to reduce the price again. More important support is drawn in the chart's $11-12 range. In case of increasing selling pressure, there is a possibility of price reduction to this range. Ichimoku indicator lines can also show the price of $16.5 as resistance. Therefore, the current week's price trend can be between these ranges. Good luck!
by MonoCoinSignal
14
Is AXS going to skyrocket soon❓Hi friends! AXS was a top gainer of 2021 and even in this market conditions make +70% from it's bottom. Actually it`s look like a big accumulation range at the bottom and now we can see the exit out of this range. As you know, breakout of the range is leading to the pump of crypto so we shouldn't miss this movement. ADA had the same base and now it`s on the way to my targets. Subscribe and check the previous ideas! The big guys buy this alt at the bottom as you can see at the volume indicator. 📊 Here are the preconditions to open a long: 🔥 squeeze to the $20-22 value area 🔥 whales orders to buy which DOM and Footprint indicators show 🔥 possible trap (shake out) to collect long traders sl 🔥 bullish BTC help ETH to reach all the targets The max-min profit for this movement at least +20-60% but it`s not even the long term target. 📊 The targets: 1. $22.7 - key level, you can close here 30-40% of long and fix profit+set sl at breakeven 2. $28.5-30 - value area, closest resistance and even number 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3
AXS/USDTA low number of players means a low demand for AXS As a quick refresher, AXS serves as a payment token within the Axie Infinity game ecosystem, allowing players to purchase non-fungible tokens (NFTs), in this case the digital pets we all know as "Axies." It also acts as a utility token that players can spend to breed new Axies. New users entering the Axie Infinity ecosystem need 3 Axies to take on other Axies. When they win, the platform rewards them with another native token, called Smooth Love Potion (SLP) while winning bigger tournaments earns them AXS. Consequently, old Axie Infinity players rely on new ones to keep up the demand for Axies. Otherwise, they could risk former players selling their SLP and AXS earnings on the markets (e.g. cryptocurrency exchanges), thus adding downward pressure to their prices. But when native Axie Infinity token prices go down, it also makes the game less attractive to new players, who would still need to buy 3 Axies in order to earn SLP and AXS, only now they would be worth less. The Axie Infinity ecosystem has gone through stages, as mentioned above, in 2022, with its player count falling to 8,950 in June from 63,240 in January, a drop of almost 85%, according to data provided by Dapp Radar. Interestingly, this coincides with the 80% drop in the price of AXS in the same period. Inflation rising New inflation data has further curbed bullish bets on major cryptocurrencies, which, one way or another, fuels the bearish outlook for AXS. In particular, the US consumer price index (CPI) rose at an annual rate of 8.6% in May, compared to 8.3% in the previous month, accentuating investor fears that the Federal Reserve will be forced to raise interest rates aggressively in the coming months, which would push risky assets down across the board.
Short
by Ed_Ale
AXS- 19,99$ in playBITCOIN AND CRYPTO MIGHT PUMP ON GOOD USA DATA: Weekends have been very weak the past months but this could change. After all, crypto adoption is a trend. Not convinced? well here it is: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin Regarding AXS: AXIE INFINITY’S AXS TOKEN IS A TOP ‘BUY’ OPTION FOR ETH WHALES : NOW www.analyticsinsight.net ''Axie Infinity is a popular NFT token flourishing in the highly volatile crypto market as well as the NFT marketplace. AXS token has made a prominent position in the e-sports industry by becoming a play-to-earn NFT or cryptocurrency game. The piece of good news for AXS investors is that Axie Infinity has been successful in gaining attention from a large pool of the biggest ETH whales amidst the crypto crash ecosystem. The goal of ETH whales is to maximize possible profit from the NFT game. Axie Infinity or AXS has become one of the top ten most-purchased digital assets in a daytime. At the time of writing, the current AXS price is US$15.19 with a market rank of 40, and a market cap of US$1,257,574,288.66. Axie Infinity performed very well in the highly volatile crypto market in June 2022 before getting hit by the crypto crash movement. Crypto analysts have speculated that AXS has a huge potential in the future for ETH whales to invest millions of dollars in it. The land staking feature in the Axie Infinity NFT game has made its sales jump to over 200%. It has successfully retained existing play-to-earn gamers as well as attracted potential new players after healing from the multi-million-dollar Ronin bridge hack in 2022. This surge in the AXS price has thrown a plethora of opportunities to ETH whales to invest and drive profit in their diverse portfolios. The land staking feature has attracted 90% of the land owners to stake NFT tokens for rewards in the form of AXS. ETH whales have also observed the US$1.3 million of NFT sales from around 23,100 investors with a dramatic 205% increase. Thus, Axie Infinity has become one of the top buy options for ETH whales. The NFT sale of Axie Infinity has created more popularity for the play-to-earn Ethereum-based game. It is transforming itself from a play-to-earn game into a play-and-earn game. ETH whales have looked into the week-over-week jump of Axie Infinity in the fluctuating crypto market to maintain a profitable wallet. AXS investors may experience a new battle system, visual upgrades, and all other exciting features so that players can customize and monetize the tokens as per their choices. Thus, seeing that Axie Infinity is one of the top buy options for ETH whales, it can be predicted that the AXS token is rising to its former glory before the hack. It has created a new type of job market enabling crypto investors a quick return in the NFT marketplace.'' My chart shows support i would like to Buy and the way i read the situation allows me to do so. DYOR or even better: tell me your opinion. One Love, the FXPROFESSOR
BINANCE:AXSUSDLong
by FX_Professor
1
Axie Infinity (AXS) - August 3hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (AXSUSDT 1D Chart) Primary resistance: 20.89 Secondary resistance: 31.13 Support: 14.39-15.68 The key is to find support and move higher near 17.20. If it falls below 14.39 and is resisted, a Stop Loss is needed as it could lead to further declines. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
AXSUSDT |Coin Review| hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ -Axie Infinity is a Pokémon-style digital pet universe built on the Ethereum blockchain where anyone can earn tokens through skillful gameplay and contributions to the ecosystem. -The asset is now in an ascending channel, I expect that the price will test the support of the ascending channel, after which we will most likely see a rebound for the third time. -Also pay attention to the first wave in the channel, the double bottom pattern. I already see the first drawings, they can expand before the lower border test.
Long
by DanilBlinkov
AXSUSDTPERP (SHORT)AXS is currently on its last wave using the Elliot Double Combo Wave labeled as W, X, and Y. We are currently on the corrective phase of the completed 5-wave pattern of wave Y. This is also supported by 3 bearish harmonic patterns namely Gartley, Cypher, and Anti-Gartley. Based on my personal experience when several harmonic patterns will have the same potential reversal zone (PRZ) the more likely the pattern will play out. DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
Short
by jaorcine