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AXSUSDT

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 Gaining Bullish MomentumOne-day RSI value of AXS is 60, relatively trading towards the overbought region. If RSI reaches 70, we can expect that the region will also be close to the EMA 200 fluctuation area around $11-$12.5. However, currently, there are 2 critical zones to look out for AXS which are $8.78 and $6.7. If AXS tends to touch and break the $8.78, a possibility of reaching $11 can be seen. Another scenario is AXS falls and breaks the current order block at $6, the possible bearish price will be $4.
Long
by CoinEdition
1