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AXS / TetherUS PERPETUAL CONTRACT

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AXSUSDT.P trade ideas

Axie Infinity (AXS): A Universe of Digital PotentialAxie Infinity, a creation of the Vietnamese studio Sky Mavis, operates within the realm of non-fungible tokens (NFTs). The game revolves around digital entities known as Axies, which share certain resemblances with Pokémon. Players nurture these Axies as virtual pets, focusing on various aspects like battling, breeding, collecting, raising, and establishing kingdoms. The game offers an in-game economy where players can monetize their efforts through selling items (Axies they breed, virtual real estate, accessories, etc.) via the game’s NFT marketplace and also acquire tokens. While my analysis is founded on an objective standpoint, I must admit I hold a personal bullish bias towards Gamefi cryptocurrencies, with Axie Infinity (AXS) being the catalyst that ignited my interest in the crypto ecosystem. My initial investment journey with AXS started on the Binance platform and later transitioned to OKX mid of the previous year. AXS was launched in November 2020 on Binance, whereas its listing on OKX occurred later in July 2021. Historical Price Analysis Binance Era: Launch: AXS opened at $0.50 on Binance on November 20th, 2020, during BTC's '20 bull run. A subsequent 14% drop in BTC led to a 35% dip in AXS, forming a major support at $0.37. A sharp recovery of 125+% occurred in the next 22 days. Early 2021 Rallies: Breaking the previous rally's high on January 26th, 2021, AXS achieved an impressive 60% gain in 11 days, creating another crucial support at $1.345. Bull Run Impact: From February 26th to July 28th, 2021, AXS skyrocketed 3275% in conjunction with the broader crypto bull run. OKX Integration: Resistance & Support: Upon AXS's OKX debut, resistance at $45.50 and support at $37.50 were established. All-Time High: Amidst hype and economic concerns, AXS reached its all-time high (ATH) of $165.67. Current Market Position Downtrend: Since November 25th, 2021, AXS has faced a bearish downtrend with an Area of Interest (AOI) ranging from $115-102. The break of major support at $91.85 without substantial buyer intervention led to a sell-off, reaching the current support at $5.96. Significant Support Level: The $5.96 support level has seen major rallies (November 10th, 2022, and December 31st, 2022) and a significant 17% drop on June 10th, 2023. A recovery above this support level indicates weakness as the price revisits this area. Where Do We Stand? Trends & Indicators: Observing the major downtrend since early May 2022, with three significant attempts to break, and considering the 50 and 200 EMAs (Exponential Moving Averages), the 50 is acting as resistance. Bullish Signals: The first bullish signal created by ROBO at $5.885 remains intact, suggesting that shorting is not advisable despite potentially bearish signs. What's Next? Potential Downside: If AXS fails to sustain above $5.96, a downward movement could occur towards two significant areas highlighted for mid-short term perspectives. Potential Upside: Should the price hold above $5.96 and challenge the AOI or attempt to break the current downtrend, a psychological shift could lead to a potential rally. Patience: This coin will require careful observation and patience as the market dynamics unfold. Conclusion Axie Infinity (AXS) represents an engaging and complex intersection of gaming, blockchain, and digital economy. Its journey showcases the volatility and potential within the GameFi space. The coming months may reveal whether AXS can capitalize on its support levels or succumb to bearish pressures. As always in crypto, vigilance and strategic insight will be paramount for traders and investors navigating this dynamic landscape.
by AXiVenture
4
AXSUSDTBINANCE:AXSUSDT has been in a downtrend since late January, each time meeting resistance from the downtrend line marked on the chart and pushing the price lower. However, we are now seeing the price stabilize and the downtrend line break. The price trend has changed from down to up, which can be confirmed with higher pivots. I try to wait for a retest after the trend lines break or find a complete confirmation of the end of the previous trend. In this case, we can wait for the price to test $6 again or wait for the upper resistance to break, which is marked with a red box on the chart. However, in general, we should expect the start of an uptrend at least up to 9.5 USDT. The overall trend is expected to be bullish. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Long
by Madoir
7
AXS BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. AXS FROM A MEDIUM-TERM PERSPECTIVE As we can see price is sitting around a strong support zone. Where we will be looking for new longs. However, for the bulls to kick in from a medium-term perspective, we need a break above the marked major swing high. Then a movement higher would be expected. Until that price can still dive more lower before reversal. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
3
AXSUSDT needs the breakout!AXSUSDT, as of the current analysis in the 4-hour timeframe, the price movement has been confined within an ascending channel, indicating a bullish trend. The ascending channel is formed by drawing two parallel trendlines that connect the higher lows and higher highs of the price action. At this particular moment, the market is approaching a significant level of resistance on the daily chart. This daily resistance has previously acted as a barrier for the price to move higher. Traders and investors are now closely observing the price action as it tests this crucial level. According to Plancton's rules, a respected and widely-followed trading strategy, a new long (buy) position is suggested if the price successfully breaks out above $6.60. A breakout above this level would indicate a potential continuation of the upward trend and could lead to further price appreciation for AXS/USDT. It is essential for traders to exercise caution and wait for the breakout confirmation before entering a long position. Breakouts can be volatile, and false breakouts are not uncommon. As such, it is advisable to wait for a clear and sustained movement above $6.60 with significant trading volume to confirm the breakout's strength. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
AXS/USDT Could See a Potential 30% Drop in the Next 25 DaysIn the volatile world of cryptocurrency, market fluctuations can often lead to both exciting opportunities and significant risks. One such case is AXS/USDT, a popular trading pair that is now drawing attention due to predictions of a potential 30% decline within the next 25 days. One contributing factor to the potential 30% drop in the value of AXS/USDT in the next 25 days is the increase in token circulation. Recently, an additional 1.63% of AXS tokens have been introduced into the market. This sudden influx of tokens could create an imbalance between the supply and demand dynamics, potentially leading to downward pressure on the token's price. When a substantial number of new tokens are introduced into the circulating supply, it can dilute the value of existing tokens, causing their prices to decline. Investors may become wary of this increased token supply, leading to a decrease in demand and subsequent price depreciation. Moreover, the fact that the price has previously experienced a 30% drop further amplifies concerns about potential future declines. Market participants tend to closely monitor historical price movements and patterns to gauge potential future price actions. If a particular asset has shown significant price volatility in the past, investors may become more cautious and hesitant, which could trigger selling pressure and further contribute to the price decline. Combined, the increase in token circulation and the past precedent of a significant price drop create a scenario of heightened uncertainty and apprehension in the market. Investors may exercise caution or adopt more conservative trading strategies to safeguard their capital from potential losses. As always, it is crucial for traders and investors to stay informed about the latest developments, perform thorough analyses, and assess risk factors before making any investment decisions in the cryptocurrency market. With the rapidly evolving nature of digital assets, being prepared and proactive in response to market dynamics is vital to navigate the complex world of cryptocurrencies successfully.
Short
by NETchapter
5
Axie Infinity was OVERHYPED, and I'm SHORTING it!Without getting into too much detail, I was one of the losers that jumped onto the Axie Infinity hype way too late. And I got burned. Now I want my money back and I'm shorting it. It's a terrible game in my opinion. It's performing much worse than the rest of crypto and is sitting at supply. I see two things happening. A big drop here from 6.661, or an extra pump up to 7.5, sweep, and a big drop back to new lows. KUCOIN:AXSUSDT to the ground :/ This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.
Short
by thetradedoc
AXS Axie Infinity and the Altcoin Season ThesisIf you haven`t sold the speculative bubble: Then you should know that the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including AXS Axie Infinity, for which my price target is $8.00. Looking forward to read your opinion about it!
Long
by TopgOptions
2
AXSUSDT Potential Short-Term Trend Reversal💎#AXSUSDT is finally showing higher highs and higher lows, indicating a potential shift in the short-term trend towards bullishness. However, it's important to keep in mind that the long-term trend remains bearish, as #AXS is still within a descending channel. 💎When looking at the support and resistance levels, price has been oscillating around the 50% Fibonacci support throughout the week, with bulls successfully defending this level so far. On the other hand, the $6.5 resistance level has been held by sellers. Considering these factors, it's reasonable to expect range-bound trading in the coming days. However, given the proximity of the price to the Fibonacci support, buyers may find a favorable risk/reward opportunity. 💎Bullish invalidation would occur if there is a break below the recent lower low at $5.4, while the next key resistance level is at $7.1. The significance of the $7.1 resistance is derived from its confirmation by two Fibonacci retracement levels, the Volume Profile indicator, and its alignment with the top of the descending channel. Stay vigilant, Paradisers, as we monitor the dynamics of #AXSUSDT and await a decisive move that will shape its future trajectory.
Long
by MyCryptoParadise
2
AXS/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the AXS/USDT trade setup. AXS looks good here. Breaks out from the cup and handle pattern in 4hr time frame and currently retesting the neckline. After this successful retest, we can expect a good 30-35% move to the upside. Long some here and add more in the dip. Entry range:- $6.10-$6.25 Target1:- $6.80 Target2:- $7.44 Target3:- $7.86 Target4:- $8.30 SL:- $5.90 Use low leverage (5x-6x) If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2