AXS - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for AXS .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
AXS
GALA, is this a trap for traders? Look at this!Gala is now in the big triangle. On the 30m timeframe we can see uncertainty and price consolidation. When to open a trade?
1. Globally, we can expect an uptrend move. Bitcoin and Ethereum are renewing their local highs and are still showing strength.
2. When the triangle breaks down, traders who opened LONGs will become fuel for a move to the key $0.25 level!
3. After a false breakdown you can try to open a long trade, but we must see large volumes! Now traders who opened short trades can become fuel for growth as the market is still BULLISH!
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
the hidden bullish formation is pointing to the $100 Axie Infinity Token is trading 11% higher today and the price action is forming a Poll and Flag formation on the daily price chart.
The daily price chart of the AXS token is looking above the green area of the Supertrend indicator. However, the coin saw a 150% increase in trading volume last night.
The EMA ribbon indicator is approaching a sit above the 200 EMA line, which was a short term bullish barrier. Thus, Stoch sees RSI below the halfway mark on the other hand simple RSI is going to test the overbought zone, which creates a bit of panic among the buyers.
As long as the Axie Infinity Token price remains above $60, buyers will continue the higher momentum. But still the price is below the 200 EMA line of the EMA ribbon indicator.
Support level - $45 and $35
Resistance level - $90 and $115
💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (66.73).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 74.56
TP2= @ 79.67
TP3= @ 84.25
TP4= @ 90.96
TP5= @ 97.94
SL= Break below S2
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💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (66.73).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 74.56
TP2= @ 79.67
TP3= @ 84.25
TP4= @ 90.96
TP5= @ 97.94
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AXS, big BULLISH FLAG breakout! Axie Infinity (AXS)! A huge hackers attack happened on a gaming project this week! About $622M was stolen! How will this affect the price? Let's find out!
Right now the price is in the descending channel. Also, we can say that this is a bull-flag pattern. According to the rules, when the price breaks this flag, it should grow by 46% and reach the target of $90-100!
We expect a test of the $53-58 value zone and a false breakout! If a BIG player will buy, we will see it on the big volumes!
Will the price go up or down after the HACK? Write in the comments!
Friends, press the "like" button and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
AXS flag breakoutPrice had nice daily close, wicking down to 20 day ema, closing with a moderate bullish spread. Price made impulsive move up followed by a very clean flag - channel printed on the 4 hour. Price broke out on the 30 min time frame with ultra high volume to the upside.
Stop loss: Just below daily s/r and vpvr level, inside of previous channel, and in trough of volatility zone measured thru out channel
Take profit: At next daily zone, aligning with the 0.272 fib extension level of flag
AXIS IS ON STEROID BUT PULL BACK IS IMMINENTThis asset has seen a great upward force lately, this has helped push the price of this asset positively.
AXS is currently at FIB23.6 and it may act as a resistance if the buying force is not enough to breakthrough.
I took profit today on my short term investment Axieinfinity with a whopping 40% return on investment.
My next TP will be at FIB38.2 which is around $90.
I am bearish for now.
trade with care.
Kindly like, comment and follow.
Is MANA going to PUMP? Look for liquidity collection!Decentraland (MANA) is the most popular Game-Fi project, so as soon as some news comes out, it is definitely Pump. But what does the technical analysis show?
As we can see by the horizontal volumes of $2.25-2.85 is a huge accumulation zone! A strong bullish signal would be to squeeze under the $2.85 level. Earlier we saw liquidity collection to sell, after which price dropped significantly.
Now we are expecting liquidity collection to buy and a volume growth. This will be a trigger to open long positions.
The first target for this move is the $3-3.10 zone, the second target is the $3.25-3.35 zone.
Friends, press the "like" button and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
AXS - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AXS rejected our green demand zone and traded higher.
AXS broke the last minor high in orange, and the two upper trendlines (orange and red)
Thus, the bulls took over from a medium-term perspective. and the first blue projection is considered our first impulse of the bullish trend.
We are currently in a correction (in purple), and waiting for the bulls to break the upper gray area for the bulls to take over from a long-term perspective and the next bullish impulse to start.
Meanwhile, until the bulls break above the gray area, we are in a short-term correction phase that can trade till the green zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AXS - Buy it when break out this lineBYBIT:AXSUSDT
4H trend chart
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AXS is consolidating and converging.
It's good for it to accumulate around $65
If price can break out the downtrend line, trading strategy as bleow.
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Profit Targets:
a) 74.5----Fib(1)
b) 80.995~83.625----Fib(1.272~1.382)
c) 89.260----Fib(1.618)
d) 98.385----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
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