As with other gaming and metaverse cryptos, it appears Axie Infinity is waking up from its slumber as well. No guarantee yet that it wont take another temporary dip below the neckline before fully validating the breakout but it seems pretty likely that validation is near. It appears all the metaverse and gaming cryptos want to take the reigns of the market over...
The rewards are higher
getting before the right shoulder is completed
versus waiting for a neckline to be broken
Some say the risk should be higher as well ?
Actually not in my opinion
Cheaper prices are insurance as the higher these coins go the more risk they carry
especially as we enter the Alt season.
Smash the like if you think this pattern looks good....
It's about to break the neckline of an inverse head and shoulders.
You can see the Right shoulder is far shallower
and vastly compressed in time duration in comparison to the Left shoulder
Leading to my assumption that it will breakout soon and move QUICKLY to the target!
I have accumulated some $AXS. This may be a bad decsion. This may turn out not so bad. it is one of the gaming coin. I am hoping to sell around $275. At the end, this is a gut feeling. Not financial advice.
It took a year and a half to make this beautiful pattern
But the targets could be made by June!
We don't know
but that's how these things tend to play out.
As always best of luck in your speculations.
Hi guys in here is my new update for this week regarding axie infinity gaming token
Please leave a like if you found this video useful
Thanks for watching...
Welcome to RiskMastery's Breakout Coins - Coins with breakout potential.
In this edition, we'll be looking at KRAKEN:AXSUSD ...
I believe this code is at a point of potential volatility.
If price can hold above $10.115 ... Bullish potential may be unlocked.
My key upside targets include:
- $12.798 (Conservative)
- $16.579 (Medium)
- $22.481...
Hi Traders
AXSUSD (1H Timeframe)
Waiting for the upward break of 8.610 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 8.040 would cancel the bullish scenario.
Trade details
Entry: 8.610
Stop loss: 8.040
Take profit 1: 8.960
Take profit 2: 9.530
Score: 6
Strategy: Bullish reversal
In recent days, Axie Infinity has undergone a notable bearish trend. However, it is currently showing signs of accumulation and forming a bullish flag pattern, which suggests a possible upward movement. We remain optimistic that the support level at $8.61 will remain intact. Nonetheless, it is crucial to exercise caution and closely monitor the dollar index (dxy)...
Like the chart and low supply everything is right but not a fan of any NFT coin
If to drop NFT factor and take in account that when market becomes expensive everything trades sooner or later ___ the gap plays are going to be one of the guaranteed targets and easy to play especially with low supply.
Rounding Bottom Formation: AXS price demonstrates a potential trend reversal with the formation of a rounding bottom pattern.
Potential Price Surge: Anticipating a substantial 35% surge as the breakout rally hints at a target of $9.50.
Remarkable Recovery: AXS price shows a remarkable recovery, soaring by 62% in the last 40 days from $4 and surpassing the 200-day...
Axie Infinity turned overbought technically on the 1D timeframe (RSI = 79.330, MACD = 0.200, ADX = 48.531) as it crossed over the LH 1 trendline, which was the top of the twelve month Falling Wedge. Despite this brute force of breakout, the 1W timeframe is still only neutral and the price remains under the 1W MA50. This is a potential indication that, along with...
Axie Infinity is a blockchain-based trading and battling game in which you can collect, breed, raise, battle, and trade NFT token-based creatures known as Axies. Anyway, after the super upward wave of AXS finished, it entered into a correction, a long one. Now, it seems AXS is trying to break the downtrend line. If successful, the next impulse wave might have begun.
AXSUSD is testing now the 1D MA50, which is sitting a little under the top of the prolonged Channel Down pattern that began at the start of the year. The 1D technical outlook is neutral (RSI = 46.158, MACD = -0.240, ADX = 38.786) meaning that a crossing over the top of the Channel Down will turn the trend bullish but as long as the price stays inside it, it is...
Axis has been ranging and consolidating for over 6 months now and has been making some bullish high volume moves lately. It could still drop another dollar to previous lows and be bullish from there; but I anticipate it making a higher low before then. BTC looks like FWB:25K support, so that could help fuel an alt rally.
First target in the $9-10 range; but...
