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AXS

AXS: Overbought at ResistanceAxie Infinity (AXS) technical analysis: Trade setup : Bullish breakout from Descending Triangle was confirmed with a breakout above $10 and 200-day moving average. Price is now approaching $15 resistance and is overbought (RSI > 80). The recent big move comes ahead of a negative catalyst in form of an upcoming token unlock. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10, which it broke, then $15, and $20.
Long
by altFINS
1
AXS broke through its important resistance in the $10 rangeIn the last 24 hours, AXS broke through its important resistance in the $10 range with a growth of more than 40%. This resistance placed exactly at the ceiling of the range channel of the daily timeframe has become a good support, and we can expect a positive reaction in the pullback to this level. Note that the price of this currency is close to the ceiling of the main descending channel, and a negative reaction has accompanied the $14.31 resistance area at the ceiling of the descending channel. If more reaction is observed, reversal patterns can be formed. But if the support of buyers continues and this resistance is broken, the possibility of a further price increase to the range of $16.83 to $18.39 will be provided. We expect a stronger negative reaction from this resistance.
by MonoCoinSignal
3
✴️ Axie Infinity Chart Update | Success Is Yours!This is an update to the trade idea shared Dec 5, 2022, see below: Since our last update, Axie Infinity (AXSUSDT) produced a retrace which is healthy and is now back above our starting price. As you can see from the previous chart, the price action remains within our numbers, trading stays above support. Since a lower high has been confirmed, the doors open for a higher high on the next jump, this is where we stand at right now, waiting for higher prices. This is the reason why patience is key... It takes time for these things to grow. Diversification is also very important, because while one stays behind the other one moves ahead... It is impossible to predict which ones will move first. The market movers tend to push those that the least people hold, so even if you find a great chart and many people buy-it, it is pushed to the end of the line and one with less attention grows. With diversification, we can split the capital into multiple pairs. While one wait the other grows... While one grows the other retraces. Through the whole process we remain centered, conscious and patient. When we win, we increase our position size and risk. When we lose, we cut back and slow down to see what went wrong. Never double up on a loss. Feel free to expand if success is yours . Namaste.
Long
by AlanSantana
4
$AXS/USDT 12h (#Bybit) Ascending triangle breakout and retestAxie Infinity Shard is pulling back to 50MA support, a bounce leading to another bullish move towards 200MA resistance seems likely. ⚡️⚡️ #AXS/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.3X) Amount: 7.0% Current Price: 7.665 Entry Targets: 1) 7.310 Take-Profit Targets: 1) 9.725 Stop Targets: 1) 5.695 Published By: @Zblaba Risk/Reward= 1:1.5 Expected Profit= +42.95% Possible Loss= -28.72%
Long
by TradingOn
4-hour uptrend channelThe price of AXS has not yet taken an uptrend in the daily timeframe, we have an uptrend in the 4-hour time frame, and the price is in an uptrend channel. The bottom of the channel is in the $8 range. If the pullback is deep and reaches this area, we can expect a retest of the $10 resistance if we see signs of reaction. Currently, the first support that the price has reacted to is at $8.65. If the midline of this uptrend channel is broken by the close of the next daily candle, a deeper correction to the specified levels is expected.
by MonoCoinSignal
1
AXS-USDT-12-01-2023, Axie (D)Price Prediction Crypto #AXS-USDT-12-01-2023, Axie (D) What do you think? Crypto Currency Forecast #AXS-USDT-12-01-2023, Axie (D) Today on the daily chart we look at the CCI indicator which is currently in the red overbought zone, so I think AXS will go lower next week (6), and after completion of the accumulation phase - there will be growth, and possibly up to marks (10). But these are my thoughts based on technical analysis of past price changes, do your research for investing
Short
by CryptoViktorUA
2
AXS - We expect a negative reaction in the low timeframesAXS has been trending lower over the past week, breaking its support in the $6.4-$6.5 range, and has hit a previous low on the daily time frame. This support, which is related to the daily time frame, is the place where the trend changes from bearish to bullish and can bring a positive reaction again, which includes the price of $5.35 to $5.85. In the last 50 days, a positive reaction has been observed from the same range, so it is still valid. Confirmation of the reaction and reversal requires price stabilization at this level and signs of a trend change in the 4-hour time frame. Strong bullish candles are still not observed in the 4-hour timeframe. And one of the minor resistance ranges is at $6.20 USD. If the price hits this resistance, we expect a negative reaction in the low timeframes. In general, in the best case, we can expect a range trend between the considered levels for the next week.
by MonoCoinSignal
1