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AXSUSDT

AXSUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for AXSUSDT There is R1 on the top that is the resistance area which represents the disability of price to rise. And S1 and S2 are our support areas which show the support of price, clearly. Thus, we have the fluctuation of price below R1 area and there will be the prediction of a fall for it to reach S1. Here we must wait for some confirmation candles for a rise. Then an increase to R1 or higher is predicted to happen. It is also probable that the price loses the support and falls below S1 and moves toward S2 area. It is highly recommended to activate your stop-loss points due to the unstable situation of market. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
12
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
AXS/USDT in a Decisive Phase, May Drop by 50% Soon!Much similar to other cryptos, Axie Infinity also witnessed a steep descending trend before the beginning of 2022. The price underwent a magnificent rally in during Q4 2021 and marked highs beyond $166. Woefully, the price has dropped by more than 96% during the bear market which followed immediately after it marked its highs. The AXS price approached the pinnacle of the bearish consolidation and raised high. Presently, the price is undergoing a correction and hence a fresh descending trend may be ignited very soon. As mentioned the AXS price is in a decisive phase. With a breakout above the bearish triangle, the token manifested its strength and an attempt to nullify the bearish impact. However, the fresh plunge manifesting a minor correction has raised many concerns. Two possible scenarios may be framed for the current trade setup, either the price bounces hitting the trend line of the triangle and rise high or else drop and enter the triangle again and undergo a massive drop by testing the lower most support to trigger a rebound. Therefore, the upcoming few hours could be extremely crucial for the AXS/USDT price.
by Coinpedia-Market-Insight
3
AXS: Approaching ResistanceTrade setup : Following news of AXS taking steps to decentralize, price bounced off of $6 support level, with huge volumes, and reached $10 resistance. If it breaks that, the next major resistance is $14, which is also 200-day moving average. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10, then $14, and $20.
Long
by altFINS
1