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Axie Infinity is a popular blockchain-based gaming platform that allows players to breed, battle, and trade digital creatures called Axies. The platform's native token, $AXS , plays a crucial role in its ecosystem, serving as a governance token and rewarding players.
Triple Bottom Formation
As seen on the chart, it reveals a promising technical pattern for AXS: a triple bottom formation. This pattern occurs when a price forms three consecutive lows at approximately the same level, often signaling a potential reversal from a downtrend.
Accumulation and Distribution
As seen in the chart, I also highlighted distinct accumulation and distribution zones. This accumulation zone, marked by a period of sideways trading with lower volume, suggests that investors are gradually buying $AXS at a relatively low price. The distribution zone, is where price volatility are expectd as the chart indicates a potential upward pressure.
Parabolic Trend
Given the triple bottom formation and the potential for a breakout from the distribution zone, AXS is positioned for a parabolic trend. This means the price could experience a rapid and sustained upward movement.
Target Prices
The chart indicates two ideal target prices and beyond:
* TP1: 75.871 * TP2: 111.963
If $AXS successfully breaks out from the distribution zone and maintains its upward momentum, it could reach these target prices.
In Summary
The triple bottom formation and the potential for a parabolic trend suggest a bullish outlook for $AXS .
Stay tuned for more updates and remember to interact and share your opinions in the comment section.
$CRV is finally spiking from our entry point and moving toward our first take-profit target (TP1). CRV remains one of the most bullish charts, with over 89% bullish sentiment across multiple platforms. Keep an eye on this strong upward trend for further potential gains.
CRV is still at our Fair Value Gap (Fvg) entry level, showing good uptrend signs as it holds still at current range. A break above previous high level at the TP 1 range will further strengthen this uptrend towards our second and third targets.
Toncoin ( $TON ) has dropped precisely as predicted, hitting the expected level. The next yellow target is still unfolding, and we are closely watching its development. Stay alert for more updates as Toncoin approaches its next critical move in this unfolding trend.
Solana has broken above a major resistance level, confirming a bullish trend. Currently, it’s retesting after hitting the Fair Value Gap (FVG) resistance. It could either dip, as shown on the chart, or break above the resistance for further bullish momentum.
Ethereum Classic ($ETC ) has made an important breakout, confirming a bullish trend. However, before pushing higher, I expect a retest down to our entry range at $18.18, followed by consolidation. Once it reclaims the previous local high, the next target is $20.78 target.
$BTC surged straight to our target as highlighted in the previous update, with Ethereum and other altcoins following the spike. The key question now is: What’s next for Bitcoin—bearish or bullish? Next Probable Move for Bitcoin Following a liquidity sweep during the recent and ongoing spike, there's room for a potential retest. Will Bitcoin dip lower, or will the pullback be shallow? We’ll get clarity during the NY opening. For now, Bitcoin remains bullish, and the focus should stay on the upsi
Since our entry, $PEPE has shown consistent strength, breaking through the initial target with solid upward momentum. The second wave is now progressing well, reaching nearly halfway to the next target.
As the upward trend continues, market conditions suggest further potential gains, but traders should stay alert for any signs of a pullback or consolidation.
Keep monitoring the charts as we approach key levels, and adjust strategies accordingly based on evolving price action.
The September rate cut probabilities for the Federal Reserve are a major focus of market speculation.
According to CME's "FedWatch" tool, there is currently a 37% chance that the Fed will cut rates by 25 basis points and a 63% chance of a larger, 50 basis point cut. According to CME's "FedWatch" tool, there is currently a 37% chance that the Fed will cut rates by 25 basis points and a 63% chance of a larger, 50 basis point cut.
The Federal Reserve has maintained high interest rates to fight inflation, but with inflation stabilizing and economic activity slowing, there is growing anticipation for a rate cut in September.
WIF has been correcting in this bullish falling wedge pattern. Looks like a wave 2 correction. The parabolic Bullish wave 3 is setting a stage to begin soon.
I am closely watching for a breakout above the red line, this will strengthen #WIF's trend to our target.
Our previous update on Not coin is still very active. Support is holding strong but we haven’t had a clear breakout from the wedge resistance, Until then, #notcoin is still bullish until proven otherwise.
Link is still holding support in our previous chart strong which is a bullish sign.
If we can get a clear breakout of the red resistance line and a Break Of Structure (BOS) at the previous local high it could strengthen Link surge to our TP levels.
$LINK has bottomed again, indicated with two yellow arrow. If the blue support line level is maintained, I expect a spike towards the red resistance lines followed by a retest and second phase uptrend creating a break of structure (BOS) that will push price to our targets.
ENA is currently at the caution ⚠️ line we highlighted in our previous post. It appears to be holding at that range but we must exercise caution as there might be further corrections as long as ENA stays below the caution line.
Solana is still consolidating at the bullish cup handle pattern, it seems bottomed here but from the prediction we might witness a shallow pump/reversal at the peak of this handle.
After this corrections, Solana will see a long spike towards the previous highs.
Previously i highlighted a bearish and bullish sentiment on Zcash, as seen in the current chart, it has taken a bearish turn since our last update nearly reaching our bearish target.
It could surge from here, but it’s ok to wait for confirmation.
$ZEC after a significant uptrend may still spike up from here to $63.50, as momentum is still strong. However, if it breaks below the current support line, it could drop to $34.10, with a further decline to $23.22 if that range fails to hold.
CRV is still at our Fair Value Gap (Fvg) entry level, showing good uptrend signs as it holds still at current range. A break above previous high level at the TP 1 range will further strengthen this uptrend towards our second and third targets.
CRV has finally dipped at the entry and fair value gaps (Fvg). Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
As long as market stays up, I expect CRV to reach our target soon.
Polygon Matic has maintained the support line for a long time, bouncing up at every touch.
Currently, Matic is sitting on the support line, a bullish scenario that has been respected over the years. If Matic holds up, it could reach our targets above. #MATIC✅ #CryptoMarketMoves #MATICUPDATE