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Axieinfinity

AXS/Axie Infinity Trade Idea- Axie is a leader of Metaverse - Axie is narrative-based crypto once you see a Positive Catalyst in the Metaverse space you will see this spiking hard - Positioning yourself in Axie makes sense right now from an investment perspective - Give this investment a minimum time of 2-3months and see this rallying like anything - From a Trading Perspective short term targets stay around 10-11$ - Don't over risk please if you can't hold for long, sl for swings - 10%
Long
by VKtradesimbalance
Axie Infinity Token Unlock (January 2023)The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its current year ATH of approximately $14.00 to the current recorded price of $11.20. This might indicate that Axie Infinity is currently facing the second and unwanted case of token unlocking explained earlier. This means there is less demand for the token as compared to its circulating supply in the market.
COINBASE:AXSUSDShort
by TradeDog-Research
1
AXS/USDT - Half Yearly Overview The negative momentum since the starting of the year accounted for -350% retracement in the price level. AXS faced two significant downfalls during this time interval. The first critical downfall resulted in the formation of a falling wedge pattern, whereas the second critical downfall resulted in a falling channel pattern. On the Fibonacci retracement table, the price level currently has the support of the lowest level of the table, reflecting upon the bearish sentiment present for the coin. To regain its lost momentum, AXS atleast needs to have a positive crossover above the 0.236 FIB level, which is around $46.76. Any retracement below 0 FIB level can result in a more bearish phase for the play-to-earn giant. The MACD level had hardly spent time above the histogram during this year. Since May, the formation of red and green bars has been minimal, reflecting upon investors' vanishing interest in the volume received by AXS. The sentiment analysis suggests that the interest received by Axie Infinity is decaying since the start of the year and continues. Fundamentally, the impact on price is witnessed due to the unsustainable playing economy. Moreover, the team might need to roll out some new updates or revisit their gaming economy to make their token regain its positive momentum for the long-term. Overall, resistance can be placed at $20 and $30, respectively. Whereas if more downfall is witnessed, support levels can be placed at $15 and $10, respectively.
by TradeDog-Research
Is Axie Infinity out of the bear territory? After reviving from its demand zone, Axie Infinity (AXS) continued its uptrend. As a result, it resembled a morning star candlestick pattern. Bullish Scenario: AXS might retrace back to support levels $57.30. After retracements, if AXS manages to break above the resistance level at $71.50 then it would be bullish. Breaking above the $71.50 price level with significant buying volume will lead to a move towards $89.60 and 111.45. Bearish Scenario: AXS has been in a downtrend since the last few months so we don’t have a strong bullish bias for long-term yet. If the support level $57.30 doesn’t hold then it will drop further towards $44.10, $29.07 and below sooner or later.
Long
by AltcoinBuzzTrading
AXS/USDT intraday analysis and setup🚀Hello Traders👋 Today i have made a post on AXS/USDT 1hr I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post I shall not be responsible for your profits and losses
by profitpujari