AXS
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
-
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.
-
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
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
AXS/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
The counts were a bit off; wave 5 top was a lot lower and we've been correcting since then. The bottom also went a lot lower than predicted. We should be moving back up to the bigger wave (3) cycle.
AXS/USDT Longs into $84Good long opportunities for AXS to play into these levels here between $65 and $49. We have a nice choCH on these lows here on this daily demand level so it could be a great opportunity to take some longs up once inefficiency or POI gets mitigated and we have some lower TF confirmation for longs.
Bulls Incentive For AXS Token Finally, is $100 Define Next move?The Axie Infinity Token has reversed its declining trend and started rising higher, seeing a nearly 44% spike this week.
Axie Infinity Token interpreted the 100-day moving average line yesterday and is consolidating to reach the 200-EMA.
The SuperTrend indicator gave a bullish sign last night over the daily price chart.
Axie Infinity Token price is being seen above the 20- and 50-day EMAs, as well as recently, holders pushed costs above the 100-EMA (Yellow) last night. Besides, the 200-EMA is forming a bullish barrier.
The RSI is moving towards an overbought zone in terms of the daily price chart. While the RSI is at 72-point, it indicates stability in the bullish momentum as long as the price action does not show any bearish signs.
Axie Infinity holders have a chance to achieve their goals once again. Following the sharp rise, the coin could pull back and the 100-EMA could act as a support zone for long-term investors of the AXS token.
Support level - $45 and $35
Resistance level - $90 and $115
Axie infinity got a triple bull storm brewing. Much like ethereum, Axie Infinity has an Adam and Eve double bottom, a larger standard double bottom, and an inverse head and shoulders all rolled into one. Unlike the ethereum inverse head and shoulders, the one here on axie may not be valid as it does appear that the right shoulder has a slight wick lower than the wick of the head…but if the inv h&s pattern on this one is not valid, we should still reach its target and beyond on the way to both of the double bottom targets… unless of course some major black swan event were to occur and cause a massive sell off. Barring that, probability is favoring the bulls on this one. *not financial advice*
Axie Infinity Daily Chart AnalysisYesterday we looked at Axie Infinity (AXSBTC) on the weekly/long-term chart... Today we will have a look at the daily timeframe.
First, we can see how nicely EMA50 and EMA100 match the Fibonacci numbers.
We have the highest volume bar since November 2021 and a break above EMA50 yesterday and EMA100 today.
Bullish indicators, MACD and RSI.
Now, my reason to post this is to show you the next target.
The main resistance short-term for this bullish move is the 1.618 Fib. extension level at 0.002061.
It is possible to have a correction or small retrace after this level is reached and then another jump to 2.618 Fib. which is sitting at 0.002633.
If you are trading this daily, you now have a better view of what is going to happen next.
I hope you enjoyed this analysis.
Thanks a lot for the continued support.
I Love You! :D
Namaste.
AXSUSDT - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 37.6000, beginning of uptrend is expected.
We make sure when the resistance at 91.0875 breaks.
If the support at 37.6000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 44.42 on 2022-01-24 and the trough at 41.9 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI resistance #1 at 51 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 41.9000 on 02/24/2022, so more gains to resistance(s) 65.1427, 83.0000 and maximum to Major Resistance (91.0875) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 68.
Take Profits:
65.1427
83.0000
91.0875
111.6055
120.4969
138.8161
166.1540
220.0000
❤️ 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 ❤️
AXSUSDT - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 37.6000, beginning of uptrend is expected.
We make sure when the resistance at 91.0875 breaks.
If the support at 37.6000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 44.42 on 2022-01-24 and the trough at 41.9 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI resistance #1 at 51 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 41.9000 on 02/24/2022, so more gains to resistance(s) 65.1427, 83.0000 and maximum to Major Resistance (91.0875) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 68.
Take Profits:
65.1427
83.0000
91.0875
111.6055
120.4969
138.8161
166.1540
220.0000
❤️ 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 ❤️
Axie Infinity (AXSUSDT) mid tf Range Updated till 24-3-22Axie Infinity (AXSUSDT) midteir timeframe range. this is a fundamentally beast of an alt for its virtual use-case and active development. but i am here to talk about some Technical sides here. its got pretty decent price action cause of volume of course. it got swing setups, intraday setups, there are some scalp setups too but risk is kinda little bit higher than leveraged profit. there are not much of space between its zones its been occupied for the scalps and microtrades.