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Axie Infinity Perpetual Futures

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AXSPERP trade ideas

AXS in the Wave 2 ShakeoutWave 2 is known for being a shakeout period. After the initial enthusiasm of Wave 1, there's a pullback that can shake out some of the less committed investors or those who got in too early. The market sentiment during this wave can be one of doubt, confusion, or reevaluation rather than belief. Price Action: During Wave 2, prices retreat from the highs set in Wave 1, often leading to a scenario where investors question the asset's upward trajectory. This wave can involve significant retracement but should not go below the start of Wave 1 in an ideal scenario. Market Stage During Wave 2: Doubt or Reassessment: Rather than belief, the market stage during Wave 2 would be characterized by: Doubt: Investors might doubt if the initial move was a false start, leading to selling or a hesitancy to buy more. Reassessment: This is a time where the market might be reevaluating the asset's value, fundamentals, or the sustainability of the previous upward move.
CRYPTO:AXSUSDLong
by DEFI-trader
Axie Infinity breaking above inverse head and shoulders necklineAs with other gaming and metaverse cryptos, it appears Axie Infinity is waking up from its slumber as well. No guarantee yet that it wont take another temporary dip below the neckline before fully validating the breakout but it seems pretty likely that validation is near. It appears all the metaverse and gaming cryptos want to take the reigns of the market over from the meme coins and may even do so here soon. *not financial advice*
COINBASE:AXSUSD
by DrDovetail
4
RiskMastery's Breakout Coins - AXS/USD EditionWelcome to RiskMastery's Breakout Coins - Coins with breakout potential. In this edition, we'll be looking at KRAKEN:AXSUSD ... I believe this code is at a point of potential volatility. If price can hold above $10.115 ... Bullish potential may be unlocked. My key upside targets include: - $12.798 (Conservative) - $16.579 (Medium) - $22.481 (Aggressive) If however price falls below $8.119 ... Bearish risk potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
KRAKEN:AXSUSDLong
by Bullfinder-official
Axie Infinity AXS in a possible Bullish Flag. Ready to pop up?In recent days, Axie Infinity has undergone a notable bearish trend. However, it is currently showing signs of accumulation and forming a bullish flag pattern, which suggests a possible upward movement. We remain optimistic that the support level at $8.61 will remain intact. Nonetheless, it is crucial to exercise caution and closely monitor the dollar index (dxy) and stable coins. An increase in the dxy or positive movement in stable coins could indicate a potential further decline in the cryptocurrency market, as panic selling or profit-taking by major players may push the market even lower in order to buy at a discounted price. Just my 2 cents.
COINBASE:AXSUSD
by bigrich117
Is Enough Fuel Left For AXS To Jump To $9.5Rounding Bottom Formation: AXS price demonstrates a potential trend reversal with the formation of a rounding bottom pattern. Potential Price Surge: Anticipating a substantial 35% surge as the breakout rally hints at a target of $9.50. Remarkable Recovery: AXS price shows a remarkable recovery, soaring by 62% in the last 40 days from $4 and surpassing the 200-day EMA. User Base Expansion: A growing user base on the Axie Infinity platform contributes significantly, marking a notable 31% increase in the last 30 days. Bullish Breakout at $7: A significant breakout at $7 signals a bullish trend reversal, solidified by an upsurge in trading volume. Current Price & Trend: AXS is currently trading at $7.05, showcasing a 5.26% intraday growth; however, a long wick raises concerns about a potential downtrend. Technical Indicator - EMA: Positive price movement in AXS hints at a potential golden crossover between the 200-day and 50-day EMAs, potentially indicating a longer uptrend. MACD Indicator: Increasing buying pressure is reflected in the MACD and signal lines, showcasing a positive crossover to support the ongoing breakout rally. Market Recovery Influence: The upcoming market recovery phase could further fuel the breakout rally in AXS, especially with the growing number of Axie Infinity users. Price Projection - $9.50 Target: Given the positive sentiments and rounding bottom breakout, a surge to $9.50 is anticipated; however, dropping below $7 might trigger a retest at the 200-day EMA around $6.
BINANCE:AXSUSDLong
by Coinpedia-Market-Insight
AXSUSD: Falling Wedge broken.Axie Infinity turned overbought technically on the 1D timeframe (RSI = 79.330, MACD = 0.200, ADX = 48.531) as it crossed over the LH 1 trendline, which was the top of the twelve month Falling Wedge. Despite this brute force of breakout, the 1W timeframe is still only neutral and the price remains under the 1W MA50. This is a potential indication that, along with the recently formed 1W MACD Bullish Cross, AXSUSD is underpriced on the long term and there is still strong upside left on the current rally. Besides the 1W MA50, we have the LH2 as a Resistance right ahead of it. We are taking a low risk breakout approach on this and will buy after the 1W MA50 breaks. Our target will be the R1 level (TP = 14.000), which depending on how aggressive this rally will be from now on, might make contact with the 1W MA100 there. A break over the 1W MA100 then, targets the R2 level (TP = 20.5000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:AXSUSDLong
by InvestingScope
AXSUSD: 1D MA50 rejection within the Channel Down. Bullish aboveAXSUSD is testing now the 1D MA50, which is sitting a little under the top of the prolonged Channel Down pattern that began at the start of the year. The 1D technical outlook is neutral (RSI = 46.158, MACD = -0.240, ADX = 38.786) meaning that a crossing over the top of the Channel Down will turn the trend bullish but as long as the price stays inside it, it is bearish. This might be a rejection similar to May 17th, which dropped to a Fibonacci 2.0 Lower Low. For now we are bearish, targeting the respective Fibonacci 2.0 (TP = 3.1500). If on the contrary it breaks above the Channel Down we will buy and target the 1D MA200 (TP = 6.3500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:AXSUSDShort
by InvestingScope