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AXSUSDT

AXS Axie Infinity Triangle Formation BreakdownI don`t know if you have seen my preview AXS chart that had more than 500 Likes: In its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI). The AXS (Axie Infinity) cryptocurrency recently experienced a breakdown of a triangle formation, signaling a potential bearish pattern. A triangle formation is a common technical chart pattern characterized by converging trendlines, indicating a period of consolidation before an anticipated breakout. In the case of AXS, the breakdown of the triangle formation suggests a shift in market sentiment towards a bearish bias. This breakdown occurs when the price falls below the lower trendline of the triangle, indicating a potential continuation of the downtrend or a decline in price. Traders and investors who closely monitor technical patterns may view the breakdown of the AXS triangle formation as a bearish signal, potentially prompting them to consider short positions or adjust their existing trading strategies accordingly. Considering the above, my prite target for AXS Axie Infinity is $3.55, its strongest support. Looking forward to read your opinion about it.
Short
by TopgOptions
AXS/USDT - Axie Infinity: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the NYSE:AXS / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 7.46 | 7.69 | 8.28, and the major support zones can be found at 6.87 | 6.51 | 5.92. Consider entering a trade at the current price zone of 7.37 and targeting higher levels. ◰◲ General info : ▣ Name: Axie Infinity ▣ Rank: 56 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Media and Entertainment - Gaming ▣ Overview: Architected by Sky Mavis and inspired by Pokemon, Axie Infinity is a "play-to-earn" pet training game and virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets. ◰◲ Technical Metrics : ▣ Mrkt Price: 7.37 ₮ ▣ 24HVol: 11,815,545.852 ₮ ▣ 24H Chng: 2.078% ▣ 7-Days Chng: 2.36% ▣ 1-Month Chng: -1.00% ▣ 3-Months Chng: -14.91% ◲◰ Pivot Points - Levels : ◥ Resistance: 7.46 | 7.69 | 8.28 ◢ Support: 6.87 | 6.51 | 5.92 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.84 ▣ Last 90D: -0.94 ▣ Last 1-Y: -0.55 ▣ Last 3-Y: 1.41 ◲◰ Volatility : ▣ Last 30D: 0.50 ▣ Last 90D: 0.66 ▣ Last 1-Y: 1.06 ▣ Last 3-Y: 1.75 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.75 - V. Bullish ▣ In-depth AXSUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
2
Axie Infinity (AXS) Price Analysis 2023Axie Infinity (AXS) holds the 52nd position on CoinMarketCap right now. Axie Infinity price prediction for 2023 is explained below with a daily time frame. The above chart of Axie Infinity (AXS) laid out a descending triangle pattern. The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete. Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish. At the time of analysis, the price of Axie Infinity (AXS) was recorded at $6.85. If the pattern trend continues, then the price of AXS might reach the resistance levels of $11.337. If the trend reverses, then the price of AXS may fall to the support of $6.33
Long
by TheNewsCrypto
6
Axs Most Probably Axs/Usdt On the daily timeframe, AXS/USDT has confirmed a breakout, and the retest is almost complete. This retest is an important part of the breakout process, as it confirms that the previous resistance level has now become support. Based on these patterns, we anticipate a potential 60-100% bullish move in the near future for AXS/USDT. However, it is essential to keep in mind that investing in the cryptocurrency market involves risk, and it is crucial to manage your risk and conduct your own research before making any investment decisions. Therefore, we highly recommend conducting your own analysis and due diligence before investing in AXS/USDT or any other cryptocurrency. If you find our analysis satisfactory, please consider following us for more updates on AXS/USDT and other cryptocurrencies. Thank you for reading, and happy trading!
Long
by Crypto-By-Ghazi
AXS: Channel Down BreakoutAxie Infinity (AXS) technical analysis: Trade setup : Price appears to have broken out of a Channel Down pattern, which could signal a trend reversal with upside to $13.00 (start of Channel). Conservative traders could wait for a confirmation of breakout – if price breaks above 200-day MA. Stop Loss level should be set below the prior swing low of $7.00. Pattern : Price is trading in a Channel Down patternWith 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 : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10 (previous support), then $15.
Long
by altFINS
1
AXS | Looks Promising here..!! #AXS Looks Promising here 🔥 Pretty Solid Consolidation in Descending Channel. Seems like Bottomed out & Ready to Fly. In Case of Breakout, Expecting +400% Bullish Rally in the Midterm..(Patience Needed) It's important to maintain a Disciplined and Patient approach to investing in order to achieve Long term Success. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
4