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AXS / TetherUS PERPETUAL CONTRACT

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AXSUSDT.P trade ideas

Downward Trend Reversal Potential and Target ConsiderationsAXS has exhibited a downward trend over the preceding month, manifesting a robust negative response subsequent to encountering the resistance level of $9.60. Concurrently, market dynamics exerted selling pressure, leading to a reversion of this currency's value to the previous support level. Despite breaching the previous floor within the $7 range, the price has persistently clung to the indicated support level in the range of $6.50. Within this specific range, a range channel formation has materialized across lower time frames, implying the potential for a trend reversal. It is pertinent to note the presence of positive indicators within the daily time frame that signal a favorable shift. Furthermore, it is noteworthy that the chart reflects a pump condition for this currency. However, it is important to exercise caution as the price has encountered resistance at the upper boundary of the primary downward channel, which could lead to a retracement toward the upper boundary of the 4-hour time range. If the support level remains intact and the price sustains its upward trajectory, consideration can be given to a target range of approximately $11.5 for this currency.
by MonoCoinSignal
3
🔥 Will Axie Infinity Reach New All-Time Highs Ever Again?AXS was the first and largest gaming based crypto. Many followed in AXS's wake (GALA, SAND, etc) but none managed to surpass it. Plainly said, I think AXS is dying and will never recover from the current bear-market. Taking a look at the player statistics from activeplayer.io we can clearly see that AXS is losing players for well over a year now. Apart from players leaving the game, I've got some serious questions on why people would play this game. Is it meant to be a fun pastime (like games are supposed to be), or are the only people who are playing playing it for the money. You're going to need real players to buy the axies from the "investor-gamers" in the end. If those real players never come, Axie Infinity will never be popular again. Furthermore, there will likely be some other game in the future that will have better prospects than some 3 year old game that no one plays (and no one makes money from). To make matters worse, check the huge 2 year head & shoulders on the chart. Do you think AXS will even reach all-time highs again? Is it dead? Share your thoughts below 🙏
Short
by FieryTrading
5
AXS/USDT caught our eyes hereHey 👋 Let's keep it short here - We are yet in the air with AXS and need to find a support which can also form a nice pattern of "double bottom". Keeping eye on this one and as soon as we get a confirmation we are good to long! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowPremium
12
AXSUSDT is creating a huge descending channelThe price has recently bounced off the 0.786 Fibonacci level, which is considered to be a potential level of support or resistance. The statement indicates that the trader is waiting for a breakout from the channel, which could potentially signal a new long position according to Plancton's Rules, a set of guidelines for technical analysis. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
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/USDT Potential "Cup & Handle"Hey 👋 Let's take a look at AXS coin. After forming a nice Cup and getting rejected at resistance zone we see a good chance for a pattern to form here - Cup & Handle. We will be waiting for price to slip towards EMAs after what we want to see a nice re-test of that upper resistance and a potential breakout as well! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowPremium
4