AXS failed to hold the 21.87 and is technically between support at 19.99 and resistance at 21.87
The chart is kinda scary so we will post this as a SHORT idea.
If the price loses ground and dips below 19.5 axs HOLDERS COULD BE IN FOR A BAD SURPRISE.
BE AWARE, BE ACTIVE, BE A TRADER
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 $80. Look for support after resistance to continue with long positions.
AXIE INFINITY chart update and still not convinced we could se a serious Pump here yet.
On the contrary, this is a textbook definition of a short, unless the markets can push it higher over 22.45 where it can find support.
Until then, we are short.
AXIE Infinity chart is off balance as the price is now flirting with as low as 13.8$
Scary... given that it has just lost the 20$ psychological mark as well.
Time to be really careful again here.
AXS is one of the charts that keep us worried about the next hours/days as the prices have failed to have a proper rebound and are close to check again some of their key support levels.
That level for AXIE is the 19.99 (call it 20$) mark.
If that breaks then technically the next support is way lower at 13.8$
Scary.. be on Alert as the market might take another...
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...
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