AXS
AXS/USDT ChartHi, I try to post often so if you could follow, like and comment your thoughts it would mean a lot to me.
AXS is a great investment and is looking very interesting right now. In the short term a long seems the play to me because the coin didn't brokedown the 90$ support and is going to retest the 108$ resistance. The RSI on the daily chart is looking good and the RSI on the 4H is bullish. However if we saw a BTC drop we might have a retracement to the 90$ support again. Right now the long seems the move for me but if we have a strong red candle in the 86$-90$ a short is surely the right move.
For me this might be the time to long/short it instead of just buying a lot due the fact that we don't have the confirmation that we entered a bear market (BTC will decide that and when that happens I wil post it), so in my opinion a short term trade is the move now. Coins like AXS and FTM are investments that I think will have great potential on the near future because their ecossystem is always expanding (e.g. AXS announced a DEX that when launched can bring great value to the coin). Comment what you think.
BITCOIN [ BTC ] - BULLISH Breakout Pattern Forming... Bitcoin is still trending up. It bottomed out in the summer. It has been trending up with HIGHER LOWS since that time. The most previous LOW was in late September. The current LOW is now in December. Every time we've gotten to these new LOWS, Bitcoin creates a FALLING WEDGE pattern with a breakout before the next leg up.
When Bitcoin broke out of it's FALLING WEDGE in late July, it had a RE-TEST in August before it took off. During the late September FALLING WEDGE breakout, there was no RE-TEST. However, with this current FALLING WEDGE breakout that we just had, we are getting a RE-TEST, similar to what we saw in September. As long as we hold above this RE-TEST area, this should be the beginning of the next big leg up in Bitcoin. This looks like it will carry on into Q1 and maybe even Q2 of 2022.
🔥 AXS Macro Bullish ChannelSince it's inception on Binance, AXS has been trading in a strong up-trending bullish triangle.
However, AXS is losing value almost weekly since late October. It doesn't seem that the bears are done selling yet, so I'd wait until the price reaches the yellow area on the chart for a potential long-entry.
Target would, ideally, be the top of the channel. However, since AXS is one of the top-performers of the bull-run it might be the case that we're not going to see another ATH again this bull-run.
Happy trading!
AXSUSDT Daily TA : 12.28.21 : $AXSAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... #Requested_Analysis
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👤 Arman Shaban : @ArmanShabanTrading
📅 28.DEC.2021
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AXS/USDT - Potential 78% SetupHello Traders!
AXS continues within the uptrend.
The asset made a correction to the level of 0.618 by Fibonacci and found support near the price level of $92.50
To reduce the risk in case of a pullback, it is better to split the entry into two parts:
$100,00 - $104,50
$82,50 - $88,00
Stop-loss shall be placed under the price of $69.00
The targets would be levels of $150,00 and $165,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Bitcoin [BTC] - BULLISH Signals. Breakout coming... We have a lot of confluence on Bitcoin currently. Staying above the Yearly VWAP nicely + Divergence on the RSI + Falling Wedge pattern. The FED meeting and Quadruple Witching on Thursday and Friday were the two last days that a threat of another drop was possible.
Bitcoin survived both of these events and held the support very nicely here. This was a very bullish sign. Now we just await the inevitable boom! Hopefully before the end of year. Hopefully this week. However, we can't time the market. It would be wise to accumulate more on alts while prices are cheap here.
AXS - Do not miss itIf AXS could maintain its trend line and support during the bitcoin fall, it will be Bullish and the first target is $118 (then $140)
Due to the last few candles in 2D timeframe and The RSI positive divergence, That bullish scenario has a good chance
Anyway, so far AXS has climbed a lot and Bitcoin isn't stable and may drop to 42K. It's better to consider these points (before buying)
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Good Time
AXS Falling Wedge / Bull Breakout / H4Falling wedges haver 75% chance of bull BO.
AXS had higher low double bottom near the WG extreme.
Then you see that this H4 falling wedge got broken upside.
In this situations I wait to see if trend extreme get tested again and get long on AXSUSDT.
Potential Target is marked up, $120-$122.5
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...