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AXSUSDT trade ideas

Axie Infinity (AXS) Price Analysis 2023Axie Infinity (AXS) holds the 52nd position on CoinMarketCap right now. Axie Infinity price prediction for 2023 is explained below with a daily time frame. The above chart of Axie Infinity (AXS) laid out a descending triangle pattern. The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete. Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish. At the time of analysis, the price of Axie Infinity (AXS) was recorded at $6.85. If the pattern trend continues, then the price of AXS might reach the resistance levels of $11.337. If the trend reverses, then the price of AXS may fall to the support of $6.33
Long
by TheNewsCrypto
6
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