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$ AXS | How do I expect to see AXS in coming weeksLet’s dive into another crypto asset analysis from the gaming sector to see if it has any chance to make us more money. This time I picked Axie Infinity with the AXS ticker. Most have heard of this famous project, but for those who have not known about the project, here is the CMC info on BINANCE:AXSUSDT Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace. The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent. BINANCE:AXSUSDT Market Cap: $ 1.45 B Market Cap Rank: 95 Market Price: 9.31 $ ATH: $ 165 (-94%) ATL: $ 0.1234 (+7414%) Technical highlights: - W1: Trend: Price has been in a parallel channel for 800 days. We had the last LL in Nov.2022 at $ 4. After that price tested that level twice and both times bounced. Price managed to break local resistance level from $ 6.00 to $ 6.6 with sharp candle and good volume. That was a clean break through but price remains in the parallel channel. The point is, price trend from downtrend turned to sideways and many times (not all times) sideways after a long downtrend means accumulation phase. Still we need to check volume and I checked OBV. OBV increased in this sideway phase (769m to 885m) so people bought more in this 800 days. the next hints. MA: Price holding above MA20 in monthly time frame. In the weekly time frame, MA20 located below MA50 but with the help and support of MA20, price jumped above MA50 at $ 6.94. MA50 acted as support and been tested successfully last week. On the other hand, in the daily time frame, price hovers above MA20, 50, and 200 and says bulls are in control. RSI: The value is around 67.9 and is strong in the weekly time frame, which supports the local bullish trend direction. The RSI value in the daily time frame is 68 and it’s almost at the same value of W1. The difference is the RSI in D1 turned into overbought twice and printed a bearish divergence. So, I think there will be a cooldown before any major growth for a healthier growth. Stoch RSI: The Stochastic RSI in W1 is in the overbought zone. That’s another reason to expect a retracement. The Darvas Box: Charts sometimes create patterns with repeating results. That’s why we use them to predict the next move of the trend. In the accumulation phase, there are many patterns that can help us earn profit by following them, but most of them need to be observed and backtested every day to see if they’re still working and reliable. The Dravas box is one of the patterns that can be seen in accumulation periods. Simply put, it’s a sideways (trend must clarify the range high and low) move that eventually breaks above the 52-week high with increased volume. In this chart, the price is still located below the 52-week high ($13.5) and it is still early to call it a box, but if that happens anytime, then the price will most of the time increase for days. In addition to volume increase, we must observe the absorption of supply at 52 weeks' high. Meaning the price needs to stick right below that level for a few days before the breakout, and it’s better to see OBV increase for more confirmation. Gaming tokens are still underwater and haven’t moved like other assets like MEME coins, but I believe this is a good time to pick some of the best gaming tokens with real use cases and a well-known team. In my point of view, channels play an important role in trend direction and targets. Supports: $ 8.00 at Ma20 in D1 $ 7.00 at Ma50 in W1 $ 6.00 last known resistance break Resistances: $ 10.7 D1 Supply zone $ 13.50 Range high / 52 weeks high $ 19.00 $ 23.00 MA200 in W1 $ 45.00 $ 65.00 W1 local high $ 100 W1 supply Conclusion: All these opinions are mine and can be wrong, so please DYOR. This token is one of the best gaming token with many users and strong community. I will buy partially on the possible pullback. Please always do the risk management. ** In addition to the volume increase, we must observe the absorption of supply at the 52-week high. This means that the price needs to stick right below that level for a few days before I need more energy to carry on, which is provided by your support. Don't forget to hit boost, share, and comment on your point of view with me. ** My strategy goes as below: 🛒 Pair: AXS/ USDT 🛒 👑 Bitcharge 👑 🕰 08/12/2024 🕰 POSITION: 🟢"Buy"🟢 2 % of capital 🛒 Buy: $ 9.3 (10%) – $ 8 (20%) – $ 7 (30%) - $6 (40%)🛒 👉Sell Targets👈 🎯TP1: $ 10.6 🥉 🎯TP2: $ 12 🥈 🎯TP3: $ 13.4 🥇 🎯TP4: $ 15 🚁 🎯TP5: $ 17 ✈️ 🎯TP6: $ 19 🚀 🎯TP7: $ 23 🛰 🎯TP8: $ 33 🛰 🎯TP9: $ 45 ✨ 🎯TP10: $ 55 ⭐️ 🎯TP11: $ 65 💫 🎯TP12: $ 75 🪐 🎯TP13: $ 85 🌞 🎯TP10: $ 98 ⭐️ 🎯TP11: $ 110 💫 ⛔️ SL: $ 5.10 ⛔️ by closing W1 Below --Stay rich--
Long
by bitcharger
2
#AXS (SPOT) entry range(4.170- 5.150) T.(9.190) SL(4.096)BINANCE:AXSUSDT entry range (4.170- 5.150) Target1 (6.660) - Target2 (8.370)- Target3 (9.190) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (4.096) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #MAV #ZRX #ID #AXS ****
Long
by Crypto_alphabit
#AXSUSDT #1D (Bybit) Big falling wedge breakoutAxie Infinity regained 50MA support after a long downtrend, looks ready for mid-term recovery towards 200MA resistance. ⚡️⚡️ #AXS/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.6% Current Price: 5.202 Entry Targets: 1) 4.854 Take-Profit Targets: 1) 6.947 Stop Targets: 1) 3.805 Published By: @Zblaba NYSE:AXS BYBIT:AXSUSDT.P #Axie #NFT #P2E axieinfinity.com Risk/Reward= 1:2.0 Expected Profit= +86.2% Possible Loss= -43.2% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
AXSUSDT Rectangle PatternAXSUSDT Breaks Out of Rectangle PatternAXSUSDT Technical Analysis update AXSUSDT has formed a rectangle pattern at the bottom near its major yearly support level. The price has broken the rectangle pattern resistance on the daily chart, indicating a potential bullish move from the current level. The price is trading above the 100 and 200 EMAs on the daily chart, with a noticeable rise in volume in recent candles is also considered strongly bullish.
Long
by HexaTrades
1
AXSUSDT Bulls Take Control! Key Levels in Sight.Analysis for AXSUSDT 15m Timeframe – Long Trade Current Position: Entry: $4.677 Current Status: Target 1 (TP1) at $4.823 has been successfully achieved. Awaiting further momentum to hit higher targets. Technical Overview: Risological Dotted Trend Line: The upward curve of the trend line indicates positive momentum and a strong bullish sentiment in this timeframe. Volume Analysis: Current volume stands at 1.03M, lower than the 30-day average of 1.91M. Despite the lower volume, the price has sustained its upward trajectory, suggesting underlying buying interest and potential accumulation. Key Performance Metrics: Short-Term Weakness: The asset has shown negative returns over the last 1 week (-5.63%) and 1 month (-9.62%), reflecting recent downtrends. Long-Term Resilience: Despite the short-term declines, AXS has a slight positive return over the past year (+2.12%), indicating resilience in its long-term outlook. Target Levels: TP1: $4.823 (Achieved) TP2: $5.060 TP3: $5.296 TP4: $5.442 Stop Loss (SL): Placed at $4.559, providing a balanced risk-to-reward ratio for this trade setup. Outlook: The trade remains bullish, with further targets potentially reachable, provided AXSUSDT can maintain momentum. Keep an eye on volume trends for additional confirmation of sustained buying pressure. This setup aligns well with a continuation in the bullish trend, leveraging favorable price action to target the next levels.
Long
by ProfitsNinja
#AXSUSDT On the Edge of a Major Breakout From Descending ChannelYello, Paradisers! Are you ready for what could be a game-changing move in the #AXS market? Let's look at the latest analysis of #AXSUSDT: 💎We're closely monitoring the strong potential for a bullish continuation from a critical support zone at $4.47. For those tracking #AXS, the signs are clear—#AxieInfinity is gearing up for a breakout from the descending channel formation, and it could happen soon. 💎Currently, NYSE:AXS is following a descending channel pattern, and a breakout from this structure could send prices soaring. The first key target after a breakout is the minor resistance at $6.01. If #AXS holds steady above $6.018, we could be on the verge of a significant rally. 💎Historically, we’ve seen explosive moves like this, and a breakout above the critical $7.63 resistance could pave the way for even higher resistance zones. 💎But if momentum weakens near this key demand zone, we could witness a pullback to the lower demand area around $3.82. A daily close below $3.82 would invalidate the bullish setup and open the door to further declines. Stay focused, patient, and disciplined Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
AXS (Axie Infinity) Falling WedgeTrade setup : Price is in a Downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is Oversold currently, based on RSI-14 levels (RSI < 30). Support and Resistance : Nearest Support Zone is $4.00. Nearest Resistance Zone is $7.00, then $9.00.
Long
by altFINS
AXS Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: AXS has been in a downtrend since it hit its all-time high back in November 2021. The price failed to rise to its potential level and is currently close to its support level. NYSE:AXS is expected to hold this support level, which ranges between $3.3 and $4.5. If the market favors it, the price is expected to rebound and rally, breaking above the resistance trendline. Key levels: - Important Support: $3.3-$4.5. - Resistance: $6.6. - Targets: $12.5, $18.8, $36, $66.5. - Invalidation Point: A close below $3.3 support level. DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you!
by Cryptorphic
4