Long-Term Picture of Axie InfinityHey there.
Accurate reactions to this channel leads me to believe that Axie Infinity is moving inside these parallel channels. If so, AXS might have started a new move.
Targets? I do hope AXS/USDT returns to upper channel and if that happens, targets like 400 would be in sight. This would of course take quite some time to happen, but short-term targets are exciting as well. Let's discuss those in another post.
Let's discuss what you think about AXS/USDT in comments.
Cheers.
AXSUSD
Do not Buy the Dip on AXS yet !!No Investment Advice.
AXS looked amazing when it was making its minor degree impulse. Wave 3 was massive in relation to wave 1. Wave 3 finished very close to fibb level shown in purple. And a usual wave 4 Triangle structure. Wave 5 spot on fibb level. Usually wave 5 is .618 of wave 1+3 but in this case it finished 1 level lower suggesting upcoming weakness in the trend.
Now it has been selling off with the market. But the most worrying thing is that it has managed to make a lower low invalidating possibility of wave 3.
If you are holding bags i wish you good luck with that. If i were you i will do a solid fundamental analysis. And if i come to a conclusion that this project has future i will DCA. My next entry will be 20.50 and next level 5. Based on fibb level as shown below-
Should you buy Axie Infinity or wait?Hello All. Looking at AXSUSD on the daily timeframe, we see that the price of axie infinity is trading inside a descending wedge/falling channel. This is a bearish pattern and is currently testing the resistance of the channel at $46.
It is important for AXSUSD to find support at this level or it can fall to the next support level which is at $37.
On the daily chart we are also forming a death cross, (50 Ema crossing below 200 Ema) which can push AXSUSD price as low as $20-$14. This is a 70% price drop.
Top of the channel line sits around $70, and if the price reaches this level, this will be a 50% profit from the current price.
This is possible with enough value coming in and since the stochastic rsi is in the oversold territory.
Although, it is less likely that AXSUSD will have a crash to $20-$14, everything is possible if BTCUSD and ETHUSD continue to drop further. (Check out my recent BTCUSD and ETHUSD chart for more information and levels of resistances to keep an eye for).
Thanks for reading, and stay tuned. Enjoy.
AXS - Weekly Outlook ✅Let's see how AXS is behaving.
This is a Weekly chart.
The Fib retracement shows that the price dumped on the support level. The support level might be around the $35-$60 area if the price falls even more.
The market is showing massive STRONG SELL volumes for AXS.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that AXS is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $64
Let me know your ideas.
Good luck.
AXS - Daily Chart ✅Let's see how AXS is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price has passed a resistance level, and now it's turned into support. Now it's retesting another resistance level.
The market is showing massive BUY volumes for AXS.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Upper Bollinger Band can push down the value, and the Middle band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that AXS is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $75.15
Let me know your ideas.
Good luck.
Add some AXS in the $ 50 to $ 64 rangeAXIE INFINITY By breaking its long-term positive trend line has entered further correction and has reached beautiful levels to buy. Add some AXS in the $ 50 to $ 64 range, which are good places to buy for holding. After price flooring, it will start its positive movement compared to other cryptocurrencies.
AXSUSDT, The price is reaching to bottom of channelHello everybody
Surely you have heard about AXS (AXIE), is one the most popular game in blockchain and its working of NFT and Metaverse and this platform wanna ...
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According to the chart, we expect the price should drop more to reach to the bottom of the channel and according to the price that at the beginning was started moved in upward channel at this time we expect the price that be supporting at this bottom and should move upwards but in this scenario that is ready to start new rally or its only move upwards for correction and emotional its very soon to say and predict. At first we take profit of this movement then the market move and show us other waves we can decide about this.
Dont forget if you be in position use stop loss and take trigger then entrance it.
If you have any question send us messages
Good Luck
Abtin
Previous analysis :
AXS - Daily Chart ✅Let's see how AXS is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price is sitting on the support after corrections.
The market is showing massive SELL volumes for AXS.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that AXS is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $72.88
Let me know your ideas.
Good luck.
AXS Short time frame Posted a shorter time frame analysis else where but, so far the short term bullish played out pretty good. So from here thinking OMLU possible, not exiting all my longs, but from here will be watching for a possible retrace or lower low depending on the context of the move, if down from this area.
Flipped resistance into support
Hit some markers for an impulse up
Some grindage on the Pitchfork
Bounced from the .5-.615, got to target
AXS - Daily Chart ✅Let's see how AXS is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price is pumping and, we might experience rejections soon.
The market is showing SELL volumes for AXS.
Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance.
The Upper Bollinger Band can push down the value, and the Middle band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that AXS is below the 50 levels, the center. It's highly oversold.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $80.78
Let me know your ideas.
Good luck.
AXSUSDT - Cup and Handle PatternAXSUSDT (4h Chart) Technical analysis
AXSUSDT (4h Chart) Currently trading at $78.9
Buy level: Above $79.6 (BUY AFTER BREAKOUT)
Stop loss: Below $71
TP1: $84
TP2: $89
TP3: $94
TP4: $100
Max Leverage 3x
Always keep Stop loss
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AXS retracing excess? One Elliott Wave count im keeping an eye on. TLDR: Want to see these previous resistance lines be breached and flipped into support before getting too excited for a bounce up. But have been short from the top so may be a bit biased. The Elliott Wave pattern just doesnt look complete. But I am fickle and can be swayed easily by the PA. And AXS can always do AXS things... like in the good ole days..
AXSUSD within its Buy Zone flashing the same signal as JuneAxie Infinity has been on a long-term Fibonacci Channel Up ever since its first trading day in November 2020. As you see, it has two clear pressure zones, a Buy Band (green) and a Sell Band (red). Those have never failed to give clear buy/ sell signals.
What has been an even stronger buy signal though than AXSUSD trading within its Buy Zone alone, is that when it also breaks below the 1D MA200 (orange trend-line), it tends to bottom out and start a strong rally to the top of the Channel Up. That's what took place in late June 2021. With the Ichimoku Cloud also flashing a buy signal, AXS is possible to soon start a strong rally first towards $220.00 and then $500.00.
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AXS: Near-term Bull-Flag PT $246See my most previous Bull-Flag targets for SOL and LUNA... AXS with tons of market adoption and major investments from Samsung does provide an opportunity to be a gaming juggernaut in the gaming space. Axie bears some remarkable similarity to the virality of Pokemon about 25 years ago.... except with much higher sustainable uspide.
The Bull Flag Target is $246 and is a shorter-term expectation which I would expect to play out by Q1 2022 as major catalysts occur for AXS and greater adoption occurs.
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 )🔴
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