#AXSUSDT #1D (Bybit) Big falling wedge breakoutAxie Infinity regained 50MA support after a long downtrend, looks ready for mid-term recovery towards 200MA resistance.
⚡️⚡️ #AXS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 4.6%
Current Price:
5.202
Entry Targets:
1) 4.854
Take-Profit Targets:
1) 6.947
Stop Targets:
1) 3.805
Published By: @Zblaba
NYSE:AXS BYBIT:AXSUSDT.P #Axie #NFT #P2E axieinfinity.com
Risk/Reward= 1:2.0
Expected Profit= +86.2%
Possible Loss= -43.2%
Estimated Gaintime= 1-2 months
Axieinfinity
#AXSUSDT On the Edge of a Major Breakout From Descending ChannelYello, Paradisers! Are you ready for what could be a game-changing move in the #AXS market? Let's look at the latest analysis of #AXSUSDT:
💎We're closely monitoring the strong potential for a bullish continuation from a critical support zone at $4.47. For those tracking #AXS, the signs are clear—#AxieInfinity is gearing up for a breakout from the descending channel formation, and it could happen soon.
💎Currently, NYSE:AXS is following a descending channel pattern, and a breakout from this structure could send prices soaring. The first key target after a breakout is the minor resistance at $6.01. If #AXS holds steady above $6.018, we could be on the verge of a significant rally.
💎Historically, we’ve seen explosive moves like this, and a breakout above the critical $7.63 resistance could pave the way for even higher resistance zones.
💎But if momentum weakens near this key demand zone, we could witness a pullback to the lower demand area around $3.82. A daily close below $3.82 would invalidate the bullish setup and open the door to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
iFeel the success🌴
AXS (Axie Infinity) Falling WedgeTrade setup : Price is in a Downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is Oversold currently, based on RSI-14 levels (RSI < 30).
Support and Resistance : Nearest Support Zone is $4.00. Nearest Resistance Zone is $7.00, then $9.00.
Axie Infinity (AXS)Axie Infinity is a blockchain-based trading and battling game in which you can collect, breed, raise, battle, and trade NFT token-based creatures known as Axies. Anyway, after the super upward wave of AXS finished, it entered into a correction, a long one. Now, it seems AXS is trying to break the downtrend line. If successful, the next impulse wave might have begun.
Axie Infinity: Seems extremely bullish!AXS is now down almost 96% from its previous ATH and is about to reach an important support level, which is a strong demand zone at $4. It can recover to its ATH of around $164, and if there is significant hype and AXS performs exceptionally well in the upcoming bull run, hitting targets above $1,000 is not impossible, IMO.
AXSIt seems that according to the maintenance of the upward trend line (we do not have a LL on the price chart), if the resistance range of $8.7 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high.
If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid.
At the moment, we do not have a signal for a bearish trend on the price chart. On the other hand, a relatively attractive candlestick pattern tangential to the upward trend line has been formed for us.
What do you think?
Critical $8.5 ResistanceAXS is currently moving along its upward trend line, which serves as strong support. It is gradually approaching a key resistance level around the $8.5 mark. Traders should pay close attention to the price action as it nears this resistance. A successful break above this level could lead to a continuation of the upward trend, while failure to break through may result in a price correction. Careful monitoring of the price behavior around this resistance level is crucial for making informed trading decisions.
AXSUSDT - 4H Bullish signsThe AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal.
The price has breached the upper trendline of the triangle, signaling a potential upward movement.
The target for this breakout is set at approximately $9.40, as depicted by the green highlighted zone.
This target aligns with previous resistance levels observed in early April. The overall bullish momentum is supported by increasing volume, indicating strong buying interest.
Axie Infinity breaking above inverse head and shoulders necklineAs with other gaming and metaverse cryptos, it appears Axie Infinity is waking up from its slumber as well. No guarantee yet that it wont take another temporary dip below the neckline before fully validating the breakout but it seems pretty likely that validation is near. It appears all the metaverse and gaming cryptos want to take the reigns of the market over from the meme coins and may even do so here soon. *not financial advice*
AXS: Channel Down PatternTrade setup : Trends are mixed. Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $7.0, then $5.5. The nearest Resistance Zone is $9.0 (previous support), then $11.0 - $12.0 and $14.0.
AXIE INFINITY can rally 500% The rewards are higher
getting before the right shoulder is completed
versus waiting for a neckline to be broken
Some say the risk should be higher as well ?
Actually not in my opinion
Cheaper prices are insurance as the higher these coins go the more risk they carry
especially as we enter the Alt season.
Smash the like if you think this pattern looks good.
#InverseHead&Shoulders
AXIE INFINITY #AXS to $11 soon.It's about to break the neckline of an inverse head and shoulders.
You can see the Right shoulder is far shallower
and vastly compressed in time duration in comparison to the Left shoulder
Leading to my assumption that it will breakout soon and move QUICKLY to the target!
AXS: Approaching SupportTrade setup : Trends are mixed. Price had a bearish breakout from a Descending Triangle pattern.
Swing Traders: could enter near $7.00 support and 200-day moving average, which should be a robust support zone, with +25% upside potential back to $9.00. Price is also getting oversold (RSI ~ 30), which means that we could see a brief bounce up near-term. Stop Loss (SL) level at $6.00.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $7.0, then $5.5. The nearest Resistance Zone is $9.0 (previous support), then $11.0 - $12.0 and $14.0.
Axie Infinity - Nice Upside PotentialAXS broke out of the descending triangle with some bullish strength, i really like the pattern on Daily timeframe, but to be perfect it just need to do the retest, but I don't know if that will happen, as the gaming sector in crypto has been performing very well recently and I believe it still is just the beginning.
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.