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AXSUSDT

AXS Forms Pennant Near All Time High, Have Bulls Lost?-AXS is down nearly -10% over the last week -Price has formed a bullish pennant -AXS has been held by 120MA for 2 months Axie Infinity has experienced an amazing amount of growth over the last few months as the NFT market has surged to record highs. The game, Axie Infinity, is an NFT based online video game that uses the Ethereum based cryptocurrency, AXS. This metaverse type game has experienced an immense amount of growth over the last few months as AXS’s NFT collection is the most expensive collection of all time. Even though this use case has huge potential for the future, AXS seems to need a larger correction before it can continue growth. 

Over the past 6 weeks, AXS has been holding a trend line that bulls have defended very well. Just over the past two days, AXS broke below this trend line & seems to have confirmed it as resistance. This is a bearish scenario as long as AXS doesn’t regain this trend line. Ever since AXS broke over $65 a few weeks ago, it has been held as support. Along with AXS holding this as support, price has formed a pennant. This pennant is usually a bullish one, but in this case it seems AXS is more likely to break to the downside of this pennant. 

 If bulls fail to hold the current support of $70.89, price will then break to the downside of its pennant. This will be a bearish scenario & will land AXS at $65 minimum. If bulls fail to provide a bounce there, AXS is in for a large fall to potentially the $50 range. At the time of writing, AXS is flirting with the 120 MA which has held as support for over 2 months. If AXS breaks below this MA, we can then confirm it is in a downtrend. For AXS to go for another high, it must break to the upside of its pennant & hold the major resistance zone of $77.

 While looking at the Stochastic RSI, we can see strength just got rejected within the overbought region & has since started heading down to the 50 value. If strength breaks below the 50 value, AXS will likely break to the downside of its pennant. The MACD has been in a downtrend ever since the pump to $77 back on August 10th. A trend line is shown & this trend must get broken for AXS to have a shot at continuing its bull trend. 

 AXS Intraday Analysis Spot rate: $71.88 Trend: Sideways Volatility: Medium Support: $70.89 Resistance: $77.72
by CoinGape
1
Axie infinity analysis in 4H time frame* AXS is in a clear healthy uptrend moving in a expanding channel forming higher-highs and higher-lows. * Expanding channel appears when the price moves between two broadening trend-lines with narrow opening and broad closing, here the lower trend-line works as support for the price and upper trend-line as resistance. * Every time the price test the lower trend-line (support) it bounces back up forming a new higher-high. * Currently the price in consolidation on it's support and facing a resistance near $80.50, in order to continue the bull run AXS needs break the above resistance. * AXS is bearish below the support.
by Coinpedia-Market-Insight
5
Axie Infinity AXSUSDT - Warning to all hodlers! Elliott Wave- On the chart we can spot an ending diagonal Elliott Wave. - The price is at the top of the channel, which acts now as a resistance. - Is it now good time to sell? Due to technical probably yes. - There is also a bearish divergence on the RSI indicator! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! - Maybe it is a great time to sell this coin, take profits and buy something else.
by UnknownUnicorn2537518
6
AXS is it good time to book profits ? or should wait ?Hi, hope so you all are doing well, i shared my thoughts about axs yesterday where you should buy, it falls yesterday under that range 67, if you bought in that range, axs is at resistance if it breaks then we can see towards 80 but the dominance of BTC increasing if BTC goes down it will effect the alts heavily but if you want to wait a lil bit more then move your stop loss to breakeven or you can book pretty good profits Like and comment how my ideas are helping you in taking trades
by ProfessorMH
4
AXS/USDTNote on this uptrend that the BB widens, and price action takes us to the middle band, And it seems to be a rinse and repeat the cycle until proven otherwise, which is why I will not be adding to my short position(see previous AXS ideas) here. The BB seems to be tightening. Bear cross on the MACD daily time frame. Sell volume appears to be picking up. However, we are mindful that the sell-off may be short-lived. RSI under 70 is not the best look for a bullish continuation. A blue highlight can be an accumulation zone if you are Bullish. We may bounce off or near the middle band (blue highlight) and continue the uptrend. I am mindful that we may see side-way action before any move to the upside. Green zones are (Scam bids) Accumulation zones. DCA every $0.20 drop or $1.00(whatever works best). We have noted that we can fall off trend (currently channel to the upside) and are approaching with caution. I hope you enjoy this. Would you please leave a like follow if you want this content? See you in Valhalla, Best wishes, HONEYITSGONE!
Long
by HONEYITSGONE
4
AXS money making machine ?Still a worh investing ?Hi, A lot of people was asking me about AXS analysis, a very strong NFT project, Recently online active players per day was about 1 million that is a large amount of active players, As you may have heard VISA accepted crypto this may boost NFT coins Currently, BTCD is at its lowest point if it breakdown then we can see a lot of alts will start to pump, if AXS unable to break down then you can buy now at 74-75 and DCA it at 66-68 but the best buy zone will be 65-68 Thanks comment if you want me to create a separate without paying group for the tradingview community where i will share my ideas and market update free signals for quite some time, Before that, i was not uploading content and my ideas on tradingview I was just lazy now I am taking it seriously to share my thoughts as you may have seen in my previous ideas how they go.
by ProfessorMH
2
$AXSUSDT UPDATE!!! Hi Traders, So we've had a few requests from our snipers to do a TA on AXS. So here it is. An extremely volatile coin and most likely a pump and dump too, so trade this with caution please! The ideal levels to be purchasing this crypto can be seen on our chart. In terms of price projection this one will need to be watched thoroughly for larger than average volume levels to indicate selling points, when volume is seen to be at very high levels compared to previous volume highs that when you should be thinking about selling. However, there money to be made here and quickly! Thanks MS ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
by Market-Snipers
AXIE - Nominated for the 'It Can Turn Painful' Award 😬Architected by Sky Mavis and inspired by Pokemon, Axie Infinity is a "play-to-earn" pet training game and virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets. I know a lot of you are going to hate me and I HOPE that I am wrong but this can end up being the one correcting a LOT..take a look at the chart, I'm saying no more. Axie Infinity Online game Rated only 3/5 · Facebook Axie Infinity is a NFT-based online video game developed by Vietnamese studio Sky Mavis, which uses Ethereum-based cryptocurrency AXS and SLP. Currently it's the most expensive NFTs collection with more than $42 million in sales in June 2021. (OMG I feel bad already): '' When playing video games becomes a full-time job The digital economy has created a new market that can turn a love of online gaming into a profitable occupation through titles such as Axie Infinity and The Sandbox'' So basically the article speaks about the pandemic and how this AXIE will make kids at home some money to save for the future. I wish all this could be true but wasn't this game launched by some business men/women to make money for themselves? Well they for sure will make them..not sure about the kids around the world. Maybe sell before it 'corrects' and donate at children.org/ Even if it goes higher you will still be blessed and happy! Sorry for being honest with you all, this is how I feel and what I see on the chart... air the FXPROFESSOR
Short
by FX_Professor
7
AXSUSDT**ALWAYS READ UPDATES*** If you are following my ideas We adjust the scenario to fit our bias. AXS is still in bullish territory and we have noted the bullish structure on the 1D TF. I am using a S/L with room we are not using leverage). RSI on the 15TF is seems to be bearish. MACD cross is still pending on HTF, however on a LTF we are in bearish territory. Not much has changed with the BB on the HTF has widened and we touched the upper band now i expect a downards move (may be shortlived because of HTF). Note that I am switching time frames to have a better idea of what might happen next. Please follow like and share if you enjoy this. I will update if possible. Best wishes,**ALWAYS READ UPDATES*** If you are following my ideas We adjust the scenario to fit our bias. AXS is still in bullish territory, and we have noted the bullish structure on the 1D TF. I am using an S/L with the room we are not using leverage). RSI on the 15TF is seemed to be bearish. MACD cross is still pending on HTF. However, on a LTF, we are in bearish territory. Not much has changed with the BB on the HTF has widened, and we touched the upper band now. We expect a downward move (maybe shortlived because of HTF). Note that I am switching time frames to have a better idea of what might happen next. Please follow, like, and share if you enjoy this. I will update if possible. Best wishes, HONEYITSGONE!
Short
by HONEYITSGONE
1
AXS/USDTI took a long scalp/ daytrade I will also DCA into other entries( Not using leverage) and had enough time to chart it. Be sure to adjust the scenario. Firstly I am still a short-term bear (see my previous AXS idea) Macd in bearish territory but believe we may see volume towards the close as we have been lately. The BB is expanding, which is usually associated with a big move to the up/downside, and we seem to have found strong support, which is why im betting on the upside expansion. I am paying attention to HTF to better understand the next moves and establish a range on the 1min chart to take some scalps. I won't be updating much as I will be focusing on my positions. Take profit on the way raise S/L for-profit to avoid any losses. I have already taken profit once. Best wishes, HONEYITSGONE!
Long
by HONEYITSGONE
8