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AXS / TetherUS

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AXSUSDT trade ideas

AXS/USDT Bullish Move Ahead? | AXS Analysis Today💎 Yello Paradisers! Strap in for a thrilling ride with AXSUSDT. It's currently nestled in a demand zone and is primed for a bullish ascent. 💎 At this moment, the asset is maintaining a pivotal support level and oscillating within a defined range. It has encountered some headwinds in the form of a bearish order block within this zone. 💎 The momentum is gathering steam, and there's a high likelihood that the price will shatter the order block to reach new heights. 💎On the flip side, if sellers gain the upper hand and the price dips below the support, it could open up an excellent shorting opportunity. 💎 Stay engaged for more savvy trading insights!
Long
by MyCryptoParadise_Simon
AXS/USDT upward momentum? 👀🚀 AXS today analysis💎It's currently maneuvering around a pivotal support level, echoing a familiar fractal structure. 💎 A few days back, AXSUSDT skillfully formed equal highs, subsequently embarking on a downward trajectory. This move was accentuated by a liquidity sweep and a transformation from demand to supply. 💎 Presently, with the recurrence of a similar fractal pattern, we anticipate AXSUSDT to embrace a bullish trajectory, mirroring its previous actions at this level. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
1
Axie Infinity (AXS): A Universe of Digital PotentialAxie Infinity, a creation of the Vietnamese studio Sky Mavis, operates within the realm of non-fungible tokens (NFTs). The game revolves around digital entities known as Axies, which share certain resemblances with Pokémon. Players nurture these Axies as virtual pets, focusing on various aspects like battling, breeding, collecting, raising, and establishing kingdoms. The game offers an in-game economy where players can monetize their efforts through selling items (Axies they breed, virtual real estate, accessories, etc.) via the game’s NFT marketplace and also acquire tokens. While my analysis is founded on an objective standpoint, I must admit I hold a personal bullish bias towards Gamefi cryptocurrencies, with Axie Infinity (AXS) being the catalyst that ignited my interest in the crypto ecosystem. My initial investment journey with AXS started on the Binance platform and later transitioned to OKX mid of the previous year. AXS was launched in November 2020 on Binance, whereas its listing on OKX occurred later in July 2021. Historical Price Analysis Binance Era: Launch: AXS opened at $0.50 on Binance on November 20th, 2020, during BTC's '20 bull run. A subsequent 14% drop in BTC led to a 35% dip in AXS, forming a major support at $0.37. A sharp recovery of 125+% occurred in the next 22 days. Early 2021 Rallies: Breaking the previous rally's high on January 26th, 2021, AXS achieved an impressive 60% gain in 11 days, creating another crucial support at $1.345. Bull Run Impact: From February 26th to July 28th, 2021, AXS skyrocketed 3275% in conjunction with the broader crypto bull run. OKX Integration: Resistance & Support: Upon AXS's OKX debut, resistance at $45.50 and support at $37.50 were established. All-Time High: Amidst hype and economic concerns, AXS reached its all-time high (ATH) of $165.67. Current Market Position Downtrend: Since November 25th, 2021, AXS has faced a bearish downtrend with an Area of Interest (AOI) ranging from $115-102. The break of major support at $91.85 without substantial buyer intervention led to a sell-off, reaching the current support at $5.96. Significant Support Level: The $5.96 support level has seen major rallies (November 10th, 2022, and December 31st, 2022) and a significant 17% drop on June 10th, 2023. A recovery above this support level indicates weakness as the price revisits this area. Where Do We Stand? Trends & Indicators: Observing the major downtrend since early May 2022, with three significant attempts to break, and considering the 50 and 200 EMAs (Exponential Moving Averages), the 50 is acting as resistance. Bullish Signals: The first bullish signal created by ROBO at $5.885 remains intact, suggesting that shorting is not advisable despite potentially bearish signs. What's Next? Potential Downside: If AXS fails to sustain above $5.96, a downward movement could occur towards two significant areas highlighted for mid-short term perspectives. Potential Upside: Should the price hold above $5.96 and challenge the AOI or attempt to break the current downtrend, a psychological shift could lead to a potential rally. Patience: This coin will require careful observation and patience as the market dynamics unfold. Conclusion Axie Infinity (AXS) represents an engaging and complex intersection of gaming, blockchain, and digital economy. Its journey showcases the volatility and potential within the GameFi space. The coming months may reveal whether AXS can capitalize on its support levels or succumb to bearish pressures. As always in crypto, vigilance and strategic insight will be paramount for traders and investors navigating this dynamic landscape.
by AXiVenture
4