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AXS

AXSUSDT - Buying time?BYBIT:AXSUSDT 4H trend chart - AXS is converging in a triangle. If price can take out the upper downtrend line, trading strategy as below. - Profit Targets: a) 155.610----Fib(1) b) 184.965~196.835----Fib(1.272~1.382) c) 263.525----Fib(2) Stop losses: a) 116.0458-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
17
$AXS to the moonAxie Infinity Shards is just about the easiest trade you can make right now. The market still hasn't caught up to the fact that it's the second highest revenue producing protocol - alone this should place it in the top 10 market cap. With fundamental bullish catalysts like the Ronin DEX and Land gameplay coming out in Q4 it's certain to reach new highs. Additionally, AXS staking continues to lock up an increasing amount of supply with ~30% currently staked, and yet APR remains in the triple digits. From a technical perspective it looks amazing as well, a clear pennant has formed. Fib extensions are for possible targets but I intend on holding my stack much higher than any of the prices shown. I want to write more but I think I'll just do a thread instead. Best of luck.
BINANCE:AXSUSDLong
by theshanebarnett
Axie Infinity is a great project!AXS focuses on bulding a game, where you can earn money while playing. The project recently had abig runup. Right now it is consolidating and forming a rising wedge. This is basically bearish, but because of the strong uptrend it maybe breaks to the upside. We also formed a very large rising broadening wedge, which is also basically bearish. But the downbreak target would be 45 cents and that is unrealistically. I would see the rising wedge as a trend decider. If it breaks to the upside we retest the upper line of the bigger pattern (around 500 dollars) or if we break down we retest the bottom line (around 70 dollars). I personally expect a breakdown at the end of the wedge in november and then a slow downtrend to maybe around 90 dollars. But you need to mind that everything is possible in Crypto, so both scenarios have their own probability. Thanks for reading!
Long
by HenrikDaCrypto
2
Is AXS Bullish or Bearish?Hi guys. I'm here again to talk about the hottest NFT game in the Market. $AXS over the past 2 months had shown us huge rallies as Sky Mavis released AXS staking. I've been leaning towards bearish bias as AXS has formed a bearish harmonic pattern after it peaked at 154 dollars. The latest maintenance recently took some hiccups as it took longer time to finish the updates. AXS still in consolidation on what appears to be a bullish pennant. the apex of the pennant ends at Oct 27, so we will likely see a break out from it sooner. While bias is leaning on the bullish side, a break below the lower trendline will result to a deeper correction to 80 dollars which is about 35% decrease from its current market price. A break however at the higher trendline will confirm the flag pennant pattern and will likely result to an 80% rally towards 230 dollar level. The succeeding 4 hours is important as we are about to finish a daily candle close. A candle close higher than yesterday's candle close will result to a bullish engulfing candle pattern and will likely propel AXS to break out from the pennant. So that's it. Bull/Bear but bias now is leaning towards the bullish side. Let me guys know what you think about it in the comment section. Till next time.
Long
by SeerSignals