Get started

AXS

Should you buy Axie Infinity or wait?Hello All. Looking at AXSUSD on the daily timeframe, we see that the price of axie infinity is trading inside a descending wedge/falling channel. This is a bearish pattern and is currently testing the resistance of the channel at $46. It is important for AXSUSD to find support at this level or it can fall to the next support level which is at $37. On the daily chart we are also forming a death cross, (50 Ema crossing below 200 Ema) which can push AXSUSD price as low as $20-$14. This is a 70% price drop. Top of the channel line sits around $70, and if the price reaches this level, this will be a 50% profit from the current price. This is possible with enough value coming in and since the stochastic rsi is in the oversold territory. Although, it is less likely that AXSUSD will have a crash to $20-$14, everything is possible if BTCUSD and ETHUSD continue to drop further. (Check out my recent BTCUSD and ETHUSD chart for more information and levels of resistances to keep an eye for). Thanks for reading, and stay tuned. Enjoy.
BINANCE:AXSUSD
by EdgarTigranyan
2
AXS - Axie Infinity is Approaching its Buying ZoneThe Back Ground and Psychological Support Zone The AXS last bull move gave us hefty returns of 6200%, which started from 2.64$ on Jun 29, 2021, and made an ATH of 167 on Nov 6, 2021. However, this massive gain leads to a correction that later converts to deeper correction and ends in the shape of a crash, and currently, it trades below $50. It shed almost 73% of its gain and trading in a well-established downtrend/descending channel; it got rejected three times from the upper side while trading within this channel. The fibo levels from last bull runs are playing their part. We see 0.50 and 0.786 levels act as barriers but did not last as final lines. Now price is entering into a strong support zone that has its back from the July, Aug 21 trading range when the price remains range-bound after a massive first move. At the same time, RSI has been in the downtrend since the start of Oct 21, capped by a trend line, currently in oversold territory. Point: Bullish divergence is in play that will trigger the next bull run. It entered into a strong support zone. In the last down move, volume remains below average. Trading activity/volume increased in the last 4 days. Fibo retracement 0.786 and support zone lower levels are the same, providing a solid support level that will hold. It already shed 73% of its all times grains. RSI is in the oversold zone and showing weak bearish signal Pay Attention Observe its price action in the support zone (a rejection from downside with good volume and confirmation on next day), wait for the positive signals from all sides like RSI needs to recover to let the bullish divergence play its part. Moreover, RSI needs to break the trend line, which has been holding in a downtrend since Oct 21. A rejection from downside and RSI trend line break are two key signals you need to get in Risk / Reward and Holding Period Buying near the $40 level can be a good idea (or within the support zone). Keep in mind any move below 37 will be short-lived, so if you got an opportunity between 30 to 31 levels, that would be a great level to enter. But chances are rare. The TP1 is 90$, TP2 is its ATH, and the 2022 target is 350$. The minimum holding time for this trade is two quarters. It is not financial advice; always do your research. Please, feel free to ask your question; write it in the comments below, and I will answer.
Long
by Booming-Crypto-Ideas
AXS - Weekly Outlook ✅Let's see how AXS is behaving. This is a Weekly chart. The Fib retracement shows that the price dumped on the support level. The support level might be around the $35-$60 area if the price falls even more. The market is showing massive STRONG SELL volumes for AXS. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that AXS is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $64 Let me know your ideas. Good luck.
by ShawnMCR
1
AXS - Daily Chart ✅Let's see how AXS is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price has passed a resistance level, and now it's turned into support. Now it's retesting another resistance level. The market is showing massive BUY volumes for AXS. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Upper Bollinger Band can push down the value, and the Middle band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that AXS is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $75.15 Let me know your ideas. Good luck.
by ShawnMCR
4
AXS - Daily Chart ✅Let's see how AXS is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price is sitting on the support after corrections. The market is showing massive SELL volumes for AXS. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that AXS is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $72.88 Let me know your ideas. Good luck.
by ShawnMCR
2
$COTI : What a bullish move! 😍All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 17.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
3
AXS - Daily Chart ✅Let's see how AXS is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price is pumping and, we might experience rejections soon. The market is showing SELL volumes for AXS. Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The Upper Bollinger Band can push down the value, and the Middle band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that AXS is below the 50 levels, the center. It's highly oversold. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $80.78 Let me know your ideas. Good luck.
by ShawnMCR
5