AXS Movment Seems BullishForming an inverted head and shoulder pattern and defeating it, it entered a very powerful rally and was able to break itself ATH.
It has now entered the rest and suffering phase to gather the necessary strength to continue the rally.
The possible move is marked on the chart and the probability of continuing the uptrend is much higher than the reversal of the trend.
AXS
Uptober has been good so far! Keep an eye on AXSHere's a quick Look at AXS 15 min chart. As we can see, the price has been forming a bull pennant and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the bull pennant with good amount of volume .
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The idea is: Buy the breakout from the bull pennant and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 117.5$
2. 120$
3. 127$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
🔥 AXS Inverse Head & Shoulders: Bullish Break OutOver the course of September, AXS has formed a nice inverted H&S pattern, a classical bullish pattern.
With the price breaking out above the $71 resistance, it's safe to say that AXS wants to go up. Only thing that can ruin the party now is a strong drop of Bitcoin's value.
For the current bullish move, I'm targeting $80 for the coming days, potentially $90 if BTC sees more bullish price action.
Happy trading!
🔥 AXS Inverse Head & Shoulders Update: Price DiscoveryRecently I made an analysis on Axie where I discussed the inverse H&S pattern, which could potentially lead to strong gains.
Not only did we get some strong gains, we only got a new all time high! Amazing couple of days for Axie, congratulations if you took the trade.
At the moment, AXS is going into price discovery mode again. Over the course of tomorrow, I'm expecting some minor consolidation around the $90 to $95 area and a potential push to $100 in the next 48 hours.
$100 is important. If we manage to take that resistance out, expect a major run up to $115 and beyond. Lots of shorts have their stop-losses above $100 since it's such a key area of resistance.
Happy trading!
AXSUSDT Technical Analysis
⏳ Spot
💎 AXSUSDT after breaking out of the Wedge pattern it went for a Pullback but got rejected at the Support zone. It has been ranging at the support zone but i expect that soon the Bulls step in and move the price higher,.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 65.00
☕️ TP1 71.30
🍺 TP2 78.65
🍻 TP3 92.00
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 60.00
Good Luck 🎲
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AXS - going to break through this area ❓🤔AXS - is now in consolidation. Price is moving slightly towards the upper boundary of the consolidation. Higher lows can be seen, which is a good signal for growth. If the price breaks through the upper boundary of the consolidation and tests as support, it would be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AXS breakdown & trend shiftIdea from few days back: Didn't reach short target within 75USD. zone.
Axie had phenomenal run during the summer months.
Bitcoin - pair rolled over too.
The 50 USD zone will determine how fast the uptrend will resume or if we head lower first.
Red trajectory is currently more likely.
AXS Swing/longAXS is in an accumulation phase.
there are two trades that can be done here.
swinging between the accumulation phases support and resistance
enter: 60-62$
TP1: 64$
TP2: 67.3$
TP3: 69.48$
SL: 53.6$
or open a long trade after two confirmed 4hr candles above $70
TP1: $76.6
TP2: $80
TP3: $83.4
TP4: $87.6
SL: $68.2
what do you think?
AXS trappedAXS has been trapped in this range last 7 days, bouncing up and down. If this rock-solid support zone is lost, we could see a solid move down, and if finally break this resistance above, we could expect a nice upside. SMA 20 and 200 are almost flattened on 30mins chart and this could be a nice base for catching the next move. Set alarms and don't miss this. Good luck traders
🔥 AXS Bullish Triangle: Break Out Ahead?Over the course of a couple of days, AXS has been slowly crawling up. During this period, a bullish triangle pattern has emerged.
It's not certain yet if AXS will break out. Wait for a higher time frame close above $72 to confirm the bullish bias. Main targets are the $80 and $90 resistance areas in the near-term.
On the other hand, a bearish move will follow if BTC fails to move up in the coming days. Expect $60 to be the major support, potentially causing a reversal.
Happy trading!