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AXSUSDT trade ideas

AXSUSDT Trading opportunityAXSUSDT is trading within a descending broadening wedge pattern, forming an extended correction. The price is nearing the topside trendline of the pattern. A breakout above this trendline could lead the price towards our stated targets on the chart. Meanwhile, focus should be on the Demand range, which serves as an important accumulation zone. The price action around the topside trendline of the descending broadening wedge must be closely watched, If the price breaks above the trendline, look for long positions targeting the breakout levels stated on the chart. Finally, attention should be on the Demand range as an important accumulation zone for potential long positions. Then long stoploss should be placed below the demand area.
Long
by weslad
9
AXS: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Upside potential to $9.50. Stop Loss at $6.40 (prior swing low). Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend 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 $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
Long
by altFINS
✴️ Axie Infinity Mid-Term 800% But, New All-Time High Long-TermLet me share a quick reminder... These targets we are seeing are based on the short- to medium-term only, long-term we are talking about new All-Time Highs, many times higher than what we are seeing now. We visited some of these ATHs and will do so again after the 2024 Bitcoin halving event. After this event we can better focus on the targets for the long-term. ➖ Axie Infinity (AXSUSDT) is clearly bullish but still trading weekly below EMA50, this means that it is still early for this pair. ➖ Currently volume has been rising, with the biggest green week happening in late November; good omen. ➖ The downtrend/descending channel is a thing of the past and AXSUSDT is now growing above EMA10 and EMA21. ➖ With a strong RSI, we can easily predict the next move as happening to the upside. Remember that sudden retraces and strong corrections can show up, specially if Bitcoin crashes by surprise... But we would end in a higher low followed by additional growth. No panic necessary if anything unexpected happens, we are set for a green year in 2025 and 2024. Namaste.
Long
by AlanSantana
AXS: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Upside potential to $9.50. Stop Loss at $6.40 (prior swing low). Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
Long
by altFINS
Watch out AXS, CAKE and Doge, they will join their friendsDue to the pumping of altcoins in the last few weeks, I had time to make a review. Among the altcoins that had a good pump in the past bullrun like SOL and AVAX, and among those that had a lot of decrease like CAKE and ICP, I handpicked a few undervalue GEM With today's ICP Token pump, it seems that two altcoins are prone to pump: AXS, CAKE and Doge. Sooner or later they have to pay back their debt and going high, so I'll buy some of them here
Long
by AlphaNodal
2
AXS: Channel UpTrade setup : Following a bullish breakout from Channel Down pattern, price also broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Now it’s broken above $7.00 resistance area, where it got recently rejected, and could revisit $9.50 next. It’s also trading in a Channel Up pattern. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
Long
by altFINS
AXS: Channel UpAxie Infinity (AXS) technical analysis: Trade setup : Following a bullish breakout from Channel Down pattern, price also broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Now it’s broken above $7.00 resistance area, where it got recently rejected, and could revisit $9.50 next. It’s also trading in a Channel Up pattern. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
Long
by altFINS
AXS/USDT Bullish Momentum??? Break the Supply or retesting first💎 AXS has undeniably emerged as a market focal point. Its recent trajectory showcases a triumphant breakout from the falling wedge, further solidified by a subsequent and valid retesting phase. 💎 Observing its chart, one can note that post its retest on the demand zone, AXS experienced a sharp upward surge, effortlessly breaching the supply threshold. However, its journey doesn't seem to halt there. 💎 While AXS has yet to undergo a retest after surpassing the supply zone, an optimal trajectory would see it first revisiting the demand area before setting its sights on the next supply target at $6.12. Should AXS bypass this retesting step and directly vault over the $6.12 supply mark, it could be poised for a more extensive bullish run, probability targeting the major supply zone and the bearish OB. 💎 On the flip side, markets are unpredictable. A less favorable turn of events might see AXS retracing its steps to the demand zone. If, during this phase, AXS falters and fails to uphold its position above the demand, it could signal a bearish shift. This downturn might see AXS descending further, potentially seeking refuge at a more foundational support level, underscoring the delicate interplay between bullish aspirations and bearish realities in the crypto landscape.
by MyCryptoParadise
1
AXS Price Surge Alert! The Path to Financial Freedom Starts Here**Axie Infinity (AXS) - Short Fundamental Analysis and Recent News** **Fundamental Analysis** * **Axie Infinity** is a blockchain-based online game where players can collect, breed, and battle adorable digital creatures called Axies. The game's native token, AXS, serves a variety of purposes within the Axie ecosystem, including: * **Governance:** AXS holders can participate in the governance of the Axie Infinity platform by voting on proposals. * **Staking:** AXS can be staked to earn rewards in the form of AXS tokens and other in-game assets. * **Fees:** AXS is used to pay for a variety of transaction fees within the Axie Infinity ecosystem. * **Axie Infinity** has experienced explosive growth in recent years, with the number of active users and the value of the Axie Infinity economy both skyrocketing. This growth is due in part to the game's unique gameplay, its vibrant community, and its innovative use of blockchain technology. * **The Axie Infinity** ecosystem is constantly evolving, with new features being added and the game's roadmap expanding. This ongoing development is likely to further drive the growth of the Axie Infinity economy and the value of AXS tokens. **Recent News** * **Axie Infinity** has recently announced a partnership with Sky Mavis, the developer of the game, to build a new decentralized app (DApp) ecosystem. This partnership is expected to bring a new wave of innovation to the Axie Infinity ecosystem. * **Axie Infinity** has also been working on upgrading its Ethereum-based blockchain to Ronin, a sidechain that is specifically designed for the Axie Infinity game. This upgrade is expected to improve the scalability and efficiency of the Axie Infinity network. * **The Axie Infinity** team has also been working on expanding the game's reach to new markets, with plans to launch localized versions of the game in different languages. This expansion is expected to bring in new players and further grow the Axie Infinity economy. **Disclaimer** Investing in cryptocurrencies is a high-risk activity. There is a possibility that you could lose all or a significant portion of your investment. Please do your own research and only invest money that you can afford to lose. Please note that this is not financial advice.
Long
by MoonTradingForecast
AXS: Resistance BreakoutAxie Infinity (AXS) technical analysis: Trade setup : Following a bullish breakout from Channel Down pattern, price also broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Now it’s broken above $7.00 resistance area, where it got recently rejected, and could revisit $9.50 next. Trend : Uptrend 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 $6.00 (previous resistance), then $4.50. The nearest Resistance Zone is $7.00, which it broke, then $9.50.
Long
by altFINS