AXIE Infinity chart is off balance as the price is now flirting with as low as 13.8$
Scary... given that it has just lost the 20$ psychological mark as well.
Time to be really careful again here.
Support at 20$, Resistance at 23$ and once/if over then off to 29$- this is the most likely scenario...that means that the market helps.
If the situation does not help then we have a clear entry for a short at 19$ all the way down to 13,8$.. this is the unlikely scenario but still it exists.
Binance CEO Says Axie Infinity Handled Its Crisis Better Than...
Axie Infinity cost areas of strength for has retracement focuses at $20 and $2.
Volume shows a re-entry of bears on the lookout.
Negation of the negative downtrend is a break at $22.
Axie Infinity cost shows motivations to have confidence in additional energy to the drawback. Brokers ought to mindfully move toward a short inclination or keep away from the advanced...
AXS needed a break and to touch base with reality... and now is time for Higher
That's our chart saying, not sure about the fundamentals and all but Play to Earn sounds like a winner.
Have some fun and read this now : ''My brief wondrous life as an Axie Infinity gamer''
Crypto rookie Joel Stein dives into Axie Infinity and the curious economics of ‘play to...
AXIE INFINITY chart update and still not convinced we could se a serious Pump here yet.
On the contrary, this is a textbook definition of a short, unless the markets can push it higher over 22.45 where it can find support.
Until then, we are short.
Just a quick and obvious trade (i.e. days / weeks), not a long term view (usually my ideas are focused on weeks and months).
On the 12hr chart above a bullish divergence prints following a ‘incredible buy’ signal.
Take profits at $80. Look for support after resistance to continue with long positions.
Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy
Axie infinity technically looking neutral at the moment. At least, until early/mid May.
The 4hr Candlestick chart suggests the same pattern could be repeated with a fake high in few days maybe, then early/mid May we breakout bullish probably UNLESS the 45 support level is...
Overall, cryptocurrency has been CONSOLIDATING and this is a reflection of BTC as the leader of the market.
AXS experienced some massive ride up before falling to the present level.
Do big question is: what is going to happen from here?
I AM BULLISH LONGTERM.
Share your thoughts, comment, like and follow for more ideas.
Axie has broken out of a strong resistance within a down movement, simultaneously hitting a large support while doing so
This could be indicative of a reversal out of this small bear action we have seen
AXSUSD (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 52.1 support level. Only the upward break of 55.86 would cancel the bearish scenario.
Stop loss: 55.86
Take profit 1: 49.78
Take profit 2: 46.05
Strategy: Bearish breakout
Apart from the recent bad fundamentals ( $600 million Axie heist ), the chart agrees:
AXS is under support and will most likely need to revisit the 53,54 level.
We are short already ehre since last week since we always hedge and it usually works.. our AXS short positions will remain until that support at 53,54
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for AXS .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
Axs is showing a fantastic double bottom pattern followed by a bull flag to break to the upside.
This is s measure move and the chart tells it all. The red line is the 200 MA that serves as resistance. That is where i am looking to take profits. A move below $62 will invalid this pattern and that is where my Stop Loss will be.