AXS waiting for breakoutDouble bottom, but bounced back from descending trendline formed 3 days ago. We could expect a possible retest of lower or upper support levels. If we lose both of that levels, a nice big short could be in the play. For any bullish sign, we need a break of this descending trendline or at least bounce up from support levels... Good luck traders
AXS
$AXS/USDT 4h (KuCoin) Descending trendline break & retestAxie Infinity Shard looks good for bullish continuation inside the parallel channel after that reaction on 100EMA.
Current Price= 78.030
Buy Entry = 77.835 - 74.549
Take Profit= 85.936 | 94.426 | 104.592
Stop Loss= 68.948
Risk/Reward= 1:1.35 | 1:2.52 | 1:3.92
Expected Profit= +25.58% | +47.86% | +74.54%
Possible Loss= -19.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
AXSUSDT Technical Analysis
⏳ Spot
💎 AXSUSDT has broken above the resistance. It has also broken above the triangle which it formed. We expect a pullback to the pullback zone before it goes higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 80.000000
☕️ TP1 89.512260
🍺 TP2 94.000000
🍻 TP3 99.000000
🍾 TP4 105.000000
🍷 TP5 110.000000
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 75.000000
Good Luck 🎲
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AXS LONG SET UPAXS/USDT-PERP is currently in an uptrend. If we are able to have a price rejection above the 0.5 Fib level then it will set up as a strong buy/long with the following take profit limits projected. A close below the $80.00 support line would invalidate this set up. Look for a STRONG price rejection from $80.00 and long from $80.55 to $82.00. Stop Loss trigger set for $75.55.
I am a self taught trader, not new to crypto but relatively new to charting. Feel free to comment, suggest or anything. Thanks!
- Mr_Oraculus
*NOT FINANCIAL ADVICE*
💡Don't miss the great buy opportunity in AXSUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 94
TP2= @ 100
TP3= @ 110
TP4= @ 120
TP5= @ 136
SL= Break below S2
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Axie Infinity// Wheres da PAMP?As stated in the video, the next big leg up like the preceding two will require as much or more of an accumulation period than we've previously had.
Currently the sequence seems to be to form a pattern just before hitting the Daily 20MA and on the test of the 20MA, we get our leg up.
Previous legs up required Aprx. ~1 WEEK, then ~2 WEEKS before their big move. Currently price has only been accumulating for about 14 days, which is less than the previous leg up. Going based on my personal bias, my assumption is that it'll take possibly one more week before price appreciates from our current levels.
AXS - PUMP IS COMING 😱🚀🚀While bitcoin is in consolidation, a very good opportunity to buy altcoins.
The AXS chart shows a very good picture, the price has broken and tested the local trend line as support.
This is a strong signal for growth. The target is the upper boundary of the consolidation at 79$.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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 Forms Pennant Near All Time High, Have Bulls Lost?-AXS is down nearly -10% over the last week
-Price has formed a bullish pennant
-AXS has been held by 120MA for 2 months
Axie Infinity has experienced an amazing amount of growth over the last few months as the NFT market has surged to record highs. The game, Axie Infinity, is an NFT based online video game that uses the Ethereum based cryptocurrency, AXS. This metaverse type game has experienced an immense amount of growth over the last few months as AXS’s NFT collection is the most expensive collection of all time. Even though this use case has huge potential for the future, AXS seems to need a larger correction before it can continue growth.
Over the past 6 weeks, AXS has been holding a trend line that bulls have defended very well. Just over the past two days, AXS broke below this trend line & seems to have confirmed it as resistance. This is a bearish scenario as long as AXS doesn’t regain this trend line. Ever since AXS broke over $65 a few weeks ago, it has been held as support. Along with AXS holding this as support, price has formed a pennant. This pennant is usually a bullish one, but in this case it seems AXS is more likely to break to the downside of this pennant.
If bulls fail to hold the current support of $70.89, price will then break to the downside of its pennant. This will be a bearish scenario & will land AXS at $65 minimum. If bulls fail to provide a bounce there, AXS is in for a large fall to potentially the $50 range. At the time of writing, AXS is flirting with the 120 MA which has held as support for over 2 months. If AXS breaks below this MA, we can then confirm it is in a downtrend. For AXS to go for another high, it must break to the upside of its pennant & hold the major resistance zone of $77.
While looking at the Stochastic RSI, we can see strength just got rejected within the overbought region & has since started heading down to the 50 value. If strength breaks below the 50 value, AXS will likely break to the downside of its pennant. The MACD has been in a downtrend ever since the pump to $77 back on August 10th. A trend line is shown & this trend must get broken for AXS to have a shot at continuing its bull trend.
AXS Intraday Analysis
Spot rate: $71.88
Trend: Sideways
Volatility: Medium
Support: $70.89
Resistance: $77.72
Axie Infinity moving into a SQUEEZE AXS/BTCAXS has been pushing into a squeeze with this pennant forming over the last few weeks, and there is normally only 2 outcomes from this pattern.
If the hype is still around this coin then I would expect a push upwards and because of ATH levels I would be using a trend based fib to find some hidden levels, which also lines up pretty well from the measured move of the last impulse.
If the hype has dropped or moved onto another coin for now then I would expect a significant pull back on this market, its had a solid run so a big pull back is due.
Axie infinity analysis in 4H time frame* AXS is in a clear healthy uptrend moving in a expanding channel forming higher-highs and higher-lows.
* Expanding channel appears when the price moves between two broadening trend-lines with narrow opening and broad closing, here the lower trend-line works as support for the price and upper trend-line as resistance.
* Every time the price test the lower trend-line (support) it bounces back up forming a new higher-high.
* Currently the price in consolidation on it's support and facing a resistance near $80.50, in order to continue the bull run AXS needs break the above resistance.
* AXS is bearish below the support.
Small Love Potiont R:R2Hey everyone,
Its been a while since I posted some opportunities and its been because of lack of time (Hollidays, Friends weding etc.) I also reduced my trading time globaly as I´m more focused then before on mid/long term mooves. But I found one asset worth to take a look at with current trading setup on short/mid term with R:R2 on 50% or even more
DYOR 4 more info (By the way ... Its actually a funny game I made a solid profit on by playing this "card" game, breeding the axies and giving scholarships past weeks)
axieinfinity.com
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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