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AXS

Bitcoin [BTC] - Key Support Area holding STRONG [1/10/22]Bitcoin is at a KEY area at a KEY LEVEL. This 41,000 area was a previous Resistance turned Support. This also coincides with the Trend Line on the bottom if we follow the lows. Bitcoin held here strong all weekend and also throughout today. If it can continue to hold, we are likely to turn back around here and head up. If it breaks below this point... hit depends how it breaks. If it's just a quick dip and back up, that's no issue. If it breaks down and continues down, then conditions may be changing for Bitcoin and I'll have to re-assess the whole picture. As of now, we are still BULLISH and still trending up in the grand scheme of things. CPI numbers come out this week for the stock market and if it does something drastic to the stock market, that may affect the crypto market as well. This week's activity will be very telling of what's likely to come in the near future for Bitcoin.
Long
by TraderFromTheNorth
4
🔥 AXS Macro Bullish Channel UpdateAround two weeks ago, I made an analysis where I talked about AXS and the macro bullish channel it was trading in. As indicated on my chart above, I was looking at the area where the price touched the channel's support. As of today, we have reached the bottom of the channel, hopefully signaling a bottom. Risk-loving traders might want to make an early entry now. However, I'd advise waiting for a green 3-day candle to signal the bottom. Bitcoin is in a dire state at the moment, so there's enough reason to be cautious. Happy trading!
by FieryTrading
10
AXS looking for supportAXS has pulled back to the 200 EMA and is looking for support. I don't see an obvious Trend Support line, so I'm looking to the Supply Zone (area where a lot of trading has taken place in the recent past) to provide a respite for the bulls. We've entered my "buy zone" but I want to see divergence/confirmation before I consider an entry. Sellers appear exhausted so I'm expecting at least a short-term bounce at least up to resistance. Whether or not it can break that resistance, I'm not sure. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
Long
by mercury_rising
AXS will do a Break out soonHello every one AXS /USDT AXS is in a Falling wedge Pattern. the Break out needed for This Pattern has Not Happened yet. Sure The Break out can Happen Right now But There is another Scenario As well. we Can Expect a Pullback From The Support Range which is Drawn on The chart as well. The Expected Movement is to the Top of The Falling wedge pattern. This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
8
AXS (Axie Infinity) Token Analysis 10/04/2021Fundamentals: Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace. The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent. Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move. This produces essentially endless variety among Axies, with most Axies having relatively weak statistics, while those with the strongest combination of body parts can have incredible stats. Unlike some other blockchain-based battling and breeding games, each Axie can only be bred a total of seven times to help control the population of Axies. Axie Infinity has its own mating hub to help players find a suitable match to breed their Axie with to stand the best chance at producing a rare or powerful offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to breed Axies. AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards. The Axie Infinity (AXS) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. In early 2021, Axie Infinity plans to migrate its NFT tokens, including Axies, Land and other in-game item tokens from the Loom Network to a custom-built sidechain on Ethereum known as Ronin. Ronin is an application-specific sidechain built just for Axie Infinity. It is being developed by Sky Mavis — the development firm behind the Axie Infinity game, and is designed to support almost instant transaction confirmations, reduced gas fees and be capable of helping Axie Infinity scale. Axie Infinity was created in 2018 by Sky Mavis — a technology-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen. Trung Nguyen is the current CEO of the platform. Nguyen graduated with a BS in computer software engineering, and worked as a software engineer at Anduin Transactions prior to founding Axie Infinity. Former competitive gamer Aleksander Larsen is also credited as a co-founder and COO of the platform. Larsen has been working in blockchain gaming since 2017. He previously worked as the executive security officer for the Norwegian Government Security Organization and still sits as Secretary of the Board of Directors at the Blockchain Game Alliance. In total, the Axie Infinity team consists of 25 full-time employees — many of whom have experience with game development. Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens were in circulation as of mid-November 2020. In total, 11% of the total supply was allocated to participants in the Binance Launchpad IEO sale and 4% was sold in a private sale. In addition to this, 29% is allocated for staking rewards, 20% to the play to earn pool, 21% to the team, 7% to advisors and 8% to the ecosystem fund. Based on the current release schedule, as indicated by Binance Research, 100% of AXS tokens will be circulating by early 2026. The live Axie Infinity price today is $8.01 USD with a 24-hour trading volume of $114,628,092 USD. Axie Infinity is up 4.00% in the last 24 hours. The current CoinMarketCap ranking is #233, with a live market cap of $346,569,629 USD. It has a circulating supply of 43,253,284 AXS coins and a max. supply of 270,000,000 AXS coins. The top exchanges for trading in Axie Infinity are currently Binance, Upbit, Huobi Global, FTX, and ZT. As of mid-November 2020, Axie Infinity (AXS) is only available to trade on a single exchange platform: Binance. It is listed with four trading pairs: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB. Though there are no direct fiat purchase options for AXS, see our guide to purchasing Bitcoin (BTC) with fiat — which can then be exchanged to AXS on supported exchanges. Technical Analysis: As we can see the price has done its accumulation phase and currently completing its impulsive cycles. as we can see we have defined the Fibonacci Golden zone where it has lots of confluences with the past distribution zones and it can be a good zone for the reaccumulating phase of the new impulsive wave. we have defined 3 Targets by Fibonacci Projection, where as the 2 TP gets its confirmation as soon as the price triggers the 1 Target followed by some price consolidation and correction.
Long
by BitonGroup
16
🆓Axie Infinity (AXS) Jan-04 #AXS $AXS AXS is testing the 90$ zone and with the weak selling force like this we could expect a rally from here. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 90$ zone 🔴Buy : 90 🔴Sell : 110 - 130 - 150 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 90$ zone 🔵Sell : 90 🔵Buy : 80 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
1