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AXS

$SLP is turning resistence into support on daily 1D frameNASDAQ:SLP Smooth Love Potion is holding nicely over several suports It is holding above 200MA 1D, above 200EMA 1D and above long term fib level And it is retesting as a support the anterior blue resistence! Bollinger Band is narrowing (gray) and there is also strong support from Visible Range Volume past trades (horizontal bars on right) As the target of the down wedge has already been achieved (pink arrow), it may be forming a kind of a triangle on these last 20 days
by CCCLopes
1
AXSUSDT.1DUpon reviewing the daily chart of AXS/USDT, several significant points and technical indicators can be highlighted for a comprehensive analysis. Key Resistance and Support Levels: Resistance 1 (R1): $8.453 - This is the first significant barrier where the price may encounter selling pressure. Resistance 2 (R2): $9.783 - A higher level of resistance, which could serve as a mid-term target if bullish momentum continues. Resistance 3 (R3): $11.959 - This marks a notable high and a critical level for any substantial bullish trend. Support 1 (S1): $6.096 - The most immediate support, which could provide a bounce-back point if the price dips. Technical Indicators: Relative Strength Index (RSI): At 39.91, the RSI is currently below the midline of 50, suggesting bearish momentum but also potential for a price reversal if it moves towards and above 50. Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line but below it, with a histogram slightly below zero, indicating mild bearish momentum. A crossover above the signal line could signal a shift towards bullish behavior. Trend Analysis: The price action shows a downtrend, recently stabilizing around the S1 level. This stabilization might suggest the potential for a reversal if supported by increased buying pressure. Candlestick Patterns: Recent candlesticks around the S1 level do not indicate a strong reversal yet. The presence of smaller bodies with short wicks suggests consolidation rather than a decisive movement. Conclusion: The current market condition of AXS/USDT presents a cautious outlook. With the RSI under 50 and the MACD showing slight bearish momentum, it's important for potential buyers to look for signs of a reversal, such as a bullish candlestick pattern or a MACD crossover above the signal line. A break above R1 at $8.453 could confirm a bullish trend, targeting subsequent resistance levels. However, traders should set stop losses below S1 to mitigate potential losses if the downtrend resumes. Keeping an eye on volume and market sentiment will be crucial to validate any potential bullish entries.
Long
by MarsSignals
GameFi: Top Sector for 2024 with Huge Potential🚀🚀🚀The GameFi sector, a fusion of gaming and decentralized finance (DeFi), has emerged as one of the most promising areas within the cryptocurrency landscape. This sector has gained significant traction in recent years, attracting both gamers and investors seeking exposure to innovative blockchain-based applications. What is GameFi? GameFi revolutionizes traditional gaming by introducing play-to-earn mechanics, where players can earn rewards in the form of cryptocurrencies or non-fungible tokens (NFTs) for their in-game activities. This integration of blockchain technology into gaming ecosystems creates a new paradigm where players can monetize their time and effort, fostering a more engaged and ownership-oriented gaming experience. Top 5 GameFi Projects with High Growth Potential in 2024: Immutable X (IMX): A layer-2 scaling solution for the Ethereum network, Immutable X focuses on enhancing the user experience for NFT-based games. It offers gas-free minting and trading of NFTs, making it an attractive platform for game developers and players alike. Price Prediction: I anticipate a sweep of local lows and a retest of the $1.4 level, followed by a potential surge towards $5. Floki Inu (FLOKI): A dog-themed meme coin with a strong community and a focus on developing a decentralized gaming metaverse called Valhalla. Floki's price action has exhibited consistent retests of its ascending support line. Price Prediction: I expect the third retest of the trendline to be a fakeout, leading to a downward move to capture liquidity below. Gala (GALA): A blockchain-based gaming platform aiming to create an interconnected ecosystem of games and NFTs. Gala has formed a significant liquidity pool beneath well-defined lows while simultaneously establishing lower highs (without sweeping liquidity above). Price Prediction: I anticipate a sweep from below to initiate a more accelerated upward trajectory. Axie Infinity (AXS): A pioneer in the GameFi space, Axie Infinity gained immense popularity in 2021. The project features a unique gameplay where players breed, battle, and trade Axie creatures, represented by NFTs. Price Prediction: I expect a retest of the 0.5 imbalance level and the $4.6 price point. Illuvium (ILV): An open-world fantasy RPG built on the Ethereum blockchain, Illuvium combines immersive gameplay with NFT ownership and play-to-earn mechanics. The project has gained significant traction in recent months. Price Prediction: I anticipate a fakeout breakout at the bottom of the bearish flag pattern, followed by a swift upward movement. The GameFi sector presents a compelling investment opportunity in the dynamic cryptocurrency market. The integration of gaming and DeFi offers a unique value proposition, attracting both gamers and crypto enthusiasts. The projects mentioned above, each with their distinct features and growth potential, are worth considering for those seeking exposure to the promising GameFi landscape.
Long
by Yaroslav_Krasko
2
Axie Infinity breaking above inverse head and shoulders necklineAs with other gaming and metaverse cryptos, it appears Axie Infinity is waking up from its slumber as well. No guarantee yet that it wont take another temporary dip below the neckline before fully validating the breakout but it seems pretty likely that validation is near. It appears all the metaverse and gaming cryptos want to take the reigns of the market over from the meme coins and may even do so here soon. *not financial advice*
COINBASE:AXSUSD
by DrDovetail
4
AXS: Channel Down PatternTrade setup : Trends are mixed. Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $7.0, then $5.5. The nearest Resistance Zone is $9.0 (previous support), then $11.0 - $12.0 and $14.0.
Long
by altFINS
AXS: Approaching SupportTrade setup : Trends are mixed. Price had a bearish breakout from a Descending Triangle pattern. Swing Traders: could enter near $7.00 support and 200-day moving average, which should be a robust support zone, with +25% upside potential back to $9.00. Price is also getting oversold (RSI ~ 30), which means that we could see a brief bounce up near-term. Stop Loss (SL) level at $6.00. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $7.0, then $5.5. The nearest Resistance Zone is $9.0 (previous support), then $11.0 - $12.0 and $14.0.
Long
by altFINS
AXS Analysis: Symmetrical Triangle Breakout and Market IndicatorThis analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty before a potential breakout. 🔽Breakout Scenarios: A breakout from the triangle could lead to two main scenarios: 1. Upward Breakout: A breakout above the triangle's upper resistance could signal a continuation of the upward trend. 2. Downward Breakout: A breakout below the triangle's lower support could indicate a bearish reversal and a downward movement. 📊🔺Market Indicators and Considerations: The direction of Bitcoin dominance and the Total Crypto Market Cap (TMC) index can influence AXS's price action. In the 4-hour timeframe, the 50 EMA is acting as a support level, potentially affecting price movement. ⛔Additional Considerations: False breakouts are possible, and traders should exercise caution and rely on confirmation indicators. Analyzing other technical indicators and market sentiment can help refine trade entry and exit strategies. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
AXS/USDT bullish horizon from support? 👀🚀AXS Today analysis💎 Paradisers, let’s delve into the intriguing movement of #AXSUSDT. Presently, it’s engaged in a delicate dance, retracing and meticulously retesting a critical support level at $9.379. This level holds immense significance, and its ability to transition from a mere retest to a robust support could be the harbinger of a potential bullish surge. 💎 After a triumphant escape from the clutches of a descending channel, the price of #AXS now approaches the key support level at $9.379. If it maintains its momentum at this crucial juncture, we may witness a delightful bullish reversal. Picture it: the price ascending, breaking free like a phoenix from the ashes. 💎 But ah, the markets are fickle, my friends. Should the price of NYSE:AXS dip below this pivotal zone, our strategy must adapt. Brace yourselves! We anticipate a bullish rebound from the secondary support level at $8.578. Failure to reclaim ground here could spell further declines. So, stay vigilant, stay nimble, and let’s navigate these market fluctuations with grace and precision
Long
by MyCryptoParadise
1
Alikze »» SLP | Continuation of the 3rd or C ascending waveIn the weekly time, it has gone through a complex correction cycle, which has suffered a range for more than 623 days, which has faced a motivational wave with the bottom of the range of 0.001299, and finally, with the failure of this concentration, it is completing a pullback to the golden zone. If the green box area is maintained, it must touch the specified targets. According to the current momentum, it is currently in rising wave 3 or C, which will have the ability to continue moving up to the 1.618 Fibo range. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
4
#AXS/USDT#AXS The price has been moving in a descending triangle since January 2023 With the presence of reversal patterns, the price finally broke the downtrend With a large oversold presence on the MACD Axie Infinity's potential in this time window is 250% In 2023, we have gone through a very complex and long consolidation phase that will surely lead to the next major bull market wave. Breakout and close above EMA10 and EMA21 in one candle. There is support from the bull market.
Long
by CryptoAnalystSignal
2
SasanSeifi 💁‍♂ Can It Reach New Highs? Hey everyone, I'd love to share some insights on the AXS chart! As you can see in the chart, the price of KUCOIN:AXSUSDT after a significant demand in the $4 range, broke the long-term downtrend line and experienced remarkable growth, reaching the $11 range. Now, after the correction and completion of the pullback process from the $7 range, we are witnessing positive fluctuations in the price again. In the long term, it is expected that the price will continue to grow to the $11 target and the $14 liquidity range, and we will see a new price ceiling. To better understand the continuation of the movement trend, we should pay attention to the price reaction in the $11 and $14 ranges. If the price breaks above $14, there is a possibility that the uptrend will continue to higher levels. Additionally, if the price breaks below the $7 range and stabilizes, there is a possibility of further correction. The probable trend is shown in the above image. Please share your thoughts and insights in the comments below! I'd love to hear your take on the AXS chart.🙌🧐 This is not financial advice. Always do your research before making any investment decisions.✌
Long
by SasanSeifi
2
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS