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AXS

Axie Infinity AXS/USDT : Recovery expected towards 119,00Axie Infinity AXS /USDT : Recovery expected towards 119.00 Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. The Axie Infinity ( AXS ) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. Context AXS /USDT has been listed in the middle of the last year, so the historical data are not really mature for a deep target projection. However Focusing on Daily and 3H basis we can already highlight key technical elements to understand the actual picture For now the initial raise can be describe in 3 wave up move (Corrective - A/) or 5 wave up move (Impulsive I/) - depend if you switch the scale between lin or log, on my side i would be more confortable with an impulsive move at this stage. So once that it said and as i described on the chart, the following move (down leg) has been done in 3 wave down (A-B-C corresponding to a logic corrective move in wave B/ if we are in ascending range towards 195.00 and more if we are in a impulsive long-term trend - it what we are calling a ''common part'' between to different scenario) So the configuration is quiet nice because the wave A = Wave C and the market bounced off 50/61,8 retracement which are standard to respect a proportion for this kind of Harmonic / elliot wave pattern, the determinism of the behavior behind the scene is strong a significant rise is clearly more likely. Tactical view (1 to 3 weeks) As you can see for now the RSI and the 55/89 EMA didn't provide a bullish pre-signal, only the 21EMA is acting as support, and we have a small ''evening star doji'' capping the recovery. Those elements can call for a last down leg towards the strategic support but for now the construction of the recovery is more impulsive than corrective so those element for now stay weak within the long-term determinism on going. As long as 49,70 remains key tactical support ( Pivot ) a direct rise is more likely towards 81,60 before 119,00 else penetrating 49,70 a test of 35,50 Strategic key support ( Pivot ) will occur before any bullish tentative Also i recommand to have a look on SLP /USDT which is also a native ERC20 coin connect to Axie ecosystem, - i will soon published something on it Enjoy !
Long
by JeanJean1983
AXSUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. The S1 line which was previously the resistance line is broken. You can set another Buy order at this area and save your profit at the R1 and R2 lines. Always remember to save a certain amount of your profit at one resistance and the rest at the other because the price can hit the first resistance and then fall leaving you in loss. If the price goes lower than the specified area, then there would be more falling. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Long
by MarsSignals
AXS Elliott Wave Analysis : Will the pivot hold?Bullish scenario from last chart played out pretty good. Looks like there was a pivot put in at that point. But will it hold? So a couple things of note for me when I look at this PA stand alone in a bubble. Currently the PA is nearing an Invalidation area, once it crosses 56.60. But I still think there is a chance that a motive wave, expanding Diagonal, could still be considered. Another option still on the table, is a 1,2/1,2. The 3rd short term bullish option would be that there is a completed ZZ and the move down from 71.78 could be an X wave, but I have not zoomed out to consider the context to see how it could fit. Holding 46.01 would be a key pivot to hold for these options to stay viable/considered. The Bearish option is that a ZZ has completed and a new low is possible. A completed ZZ does not necessarily mean the correction is complete as it could be the gateway to a larger corrective structure. If it breaks below 55$, by more than just a wick, and throws back for a retest that could lead to a LL as well. But for now watching this area. Already in the algo buy zone, but would be even more interesting if there is one more low to test the support as well as there is ample other factors to contribute to the confluence, MO. Algos Previous Flip Some Elliott Wave fibs as well. Staying above 53.50 would be ideal.
Long
by CryptoKnee
Axie Infinity (AXS) Buy ZoneAxie Infinity (AXS) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium Axie Infinity broke above and retested our trendline, showing the market is short-term gaining bullish momentum and strength. If the retest gets successful, we would be heading to at least target 3 in short-term. -------------------- $AXS/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 63 - 67 TP 1 : 69.25 TP 2 : 73 TP 3 : 77.75 TP 4 : 82 TP 5 : 87 TP 6 : 91.5 TP 7 : 97.5 TP 8 : 107 Stop Loss : 56.25 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
2
SLP trading ideaIt's been probably 1.5 year + since I made trading analysis on $slp $eth trading pair. Now I am back. SLP is impossible to chart. Why? Because Its highly inflationary and currency is meant to be a reward for $AXS game players. Because of it's super inflationary nature #slp shouldn't be held LONG term ...unless something changes on its fundamental level. This is trading channel. Could fall to 0.005$ or rise to 0.012 or even above 0.02$ per $slp. Who knows. This shitcoin that shouldn't even be traded on such exchanges as #binance, #bitstamp or any other reputable exchange in fact. It's not fair to noobs (or anyone in that matter). 98% loss within half a year???
by Aborangin
5
💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (59.41). . 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 73. Take Profits: TP1= @ 68.31 TP2= @ 75.58 TP3= @ 83.03 TP4= @ 91.02 TP5= @ 98.65 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 ❤️
Long
by ForecastCity_World
6
💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (59.41). . 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 73. Take Profits: TP1= @ 68.31 TP2= @ 75.58 TP3= @ 83.03 TP4= @ 91.02 TP5= @ 98.65 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 ❤️
Long
by ForecastCity
4