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AXS

Axie Infinity (AXSUSD): Eyeing a Key BreakoutOn the 12-hour chart for AXS, we've completed Wave 2 at the $5.82 level. Since then, we've been in a continuous upward phase, forming higher lows three times and now a higher high. This pattern suggests continued upward movement. There are two key areas to watch: the 12-hour supply zone starting at $10.31 and the 12-hour demand zone at $7.50, which aligns with the current trendline. We expect the trend to continue upwards, particularly if the price touches the demand zone at $7.50, providing a potential entry point. Our target on the upside is the supply zone at $10.31. Whether the price moves beyond this level is uncertain and will require monitoring. The low volume between these zones suggests that the price could rise rapidly once it starts moving. Analyzing the monthly VWAP for AXS, we see that the December VWAP provided resistance at a high of $8.70. The price tagged this level perfectly before falling back down. We believed the price might dip further to similar levels and he did. The demand zone started at $7.50 and extends down to $7.25. For us, the absolute maximum level to watch is the December VAL at $7.23, where we expect to find support. However, it's possible that the price could dip slightly lower to clear the liquidity from the last dip in early June. Once this liquidity is taken out, we anticipate a potential push higher, aiming to break above the December VWAP. This setup provides a clear structure for potential entry points and targets based on current resistance and support levels. In summary, we are looking for an entry around the $7.50 demand zone, with an initial target at the $10.31 supply zone. Further movement will depend on market conditions and volume dynamics at that time.
Long
by freeguy_by_wmc
AXS/USDT assessing key supply area? What next💎 Paradisers, #AXSUSDT is currently displaying movements that merit close observation. It seems the price is testing a supply zone with potential for an upward breakout once it successfully breaches this level. 💎 A bullish confirmation would be signaled if #AXS manages to break and close above the supply level of $8.582 on a daily chart, indicating a continuation of upward momentum towards our targeted resistance area. Conversely, if #AXS fails to surpass the $8.582 resistance and shows a strong rejection, marked by a bearish candle, there might be a potential retracement to lower levels. In such cases, the price could retreat to the demand area at $7.536. 💎 Should #AXS reach this key demand area, it will need to rebound and continue its ascent to challenge the resistance once again. Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards. 💎 It’s crucial to stay vigilant and closely monitor #AXS's price action. A breakdown below the demand area, confirmed by a daily close below it, would negate the bullish outlook and potentially lead to extended declines. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
Critical $8.5 ResistanceAXS is currently moving along its upward trend line, which serves as strong support. It is gradually approaching a key resistance level around the $8.5 mark. Traders should pay close attention to the price action as it nears this resistance. A successful break above this level could lead to a continuation of the upward trend, while failure to break through may result in a price correction. Careful monitoring of the price behavior around this resistance level is crucial for making informed trading decisions.
by MonoCoinSignal
Alikze »» AXS | Pullback to the roof of Minor is brokenIn the 4H time, after a zigzag correction to the $6 range, it has been within a trading channel for some time. 💎 In time 1D, an FVG gap is observed. Therefore, if this return to the minor ceiling is supported by the green box, it can have a growth to fill this gap in the first step. 💎 In addition, in the case of strong momentum, this growth can be extended to the supply area. 💎 Alternative scenario: Considering that it is currently at the top of the channel, if it is not stabilized at the top of the green box, it can continue the correction to the middle of the channel and then to the bottom of the channel in the green box area. »»»«««»»»«««»»»««« 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
AXSUSDT - 4H Bullish signsThe AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal. The price has breached the upper trendline of the triangle, signaling a potential upward movement. The target for this breakout is set at approximately $9.40, as depicted by the green highlighted zone. This target aligns with previous resistance levels observed in early April. The overall bullish momentum is supported by increasing volume, indicating strong buying interest.
Long
by Sober_Trading
$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