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AXS / TetherUS PERPETUAL CONTRACT

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AXSUSDT.P trade ideas

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
Critical Support and Resistance LevelAXS has successfully breached its descending trendline, indicating a notable bullish momentum. However, it encountered resistance at a key supply zone, which curtailed its upward trajectory, redirecting the price action downwards. Notably, a previously established resistance zone has been overcome and has now transformed into a support level. This transition suggests potential for an upward price movement. Nonetheless, if the price were to close below this pivotal area, it would likely precipitate a further decline towards the established demand zone, situated at approximately $5.5. This zone could act as a critical point for a potential bullish reversal, as market reactions at this level could fuel an upward price trajectory. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
AXS/USDT Bullish Trajectory from New Support Level? 👀 🚀AXS 💎 Paradisers, focus on #AXSUSDT as it demonstrates a notable trading pattern. Recently, resistance has turned into support, indicating a high probability of an upward movement. 💎 #AxieInfinity has shown a tendency to follow a descending channel, breaking above it to embark on an upward trend. Currently, it has broken above the resistance level of $6.61 with a strong green candle. If this breakout is successfully sustained, there's a significant chance for a bullish movement. With this continued upward momentum, AXS aims to target resistance at $9.51, and may even rise further to challenge higher resistance levels at $11.52. 💎 Additionally, for #AXS, be prepared for a potential bullish rebound from the support level of $5.25. However, be cautious as a fall below this level might signal difficulties in sustaining the bullish trend. 💎 In this dynamic and ever-changing market, strategic foresight and intelligent decision-making are paramount. Developing a comprehensive trading strategy, incorporating effective money management and a thorough understanding of support and resistance levels, is essential for achieving successful trading results.🌴💰
Long
by MyCryptoParadise
1
Axie Infinity Unveils NFT Monetization SolutionAxie Infinity (AXS), the widely-played blockchain game and metaverse project, has unveiled a novel initiative, allowing its non-fungible token (NFT) owners the commercial rights to produce and sell authorized merchandise. This move by Axie Infinity represents a significant shift in the world of NFTs and their potential use cases, demonstrating the versatility and potential of NFTs to serve as digital assets that can be used in various ways, including generating passive income. The initiative could inspire other companies and platforms to follow suit, leading to a more diverse and prosperous NFT market. IMF bullish on Axie Infinity as whales amass AXS A recent report from the International Monetary Fund (IMF) expresses optimism about three cryptocurrencies. The report anticipates positive performance from these projects by December 2023. Axie Infinity functions as a platform enabling gamers to engage in diverse games and trade NFTs for potential profits. Despite a period of subpar performance in 2023, analysts project a recovery for AXS, surpassing $5 and reaching $7.30 by December. On Oct. 25, there had also been an increase in development activity, maintaining a level unprecedented throughout the month and contributing to heightened investor confidence. The surge in value reflects the growing interest and engagement of investors in the Axie Infinity ecosystem, aligning with the broader trend of increased attention on NFT-based gaming platforms and their associated cryptocurrencies. Continuing a trend from the previous day. This uptick in significant transactions has been notable since Oct. 27, coinciding with the asset’s sustained bullish performance. At the time of writing, Axie Infinity is exchanging hands for $6.34, representing a 6.38% increase in the past 24 hours, according to data from CoinGecko.
Long
by DEXWireNews