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AXS

AXS Analysis: Symmetrical Triangle Breakout and Market IndicatorThis analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty before a potential breakout. 🔽Breakout Scenarios: A breakout from the triangle could lead to two main scenarios: 1. Upward Breakout: A breakout above the triangle's upper resistance could signal a continuation of the upward trend. 2. Downward Breakout: A breakout below the triangle's lower support could indicate a bearish reversal and a downward movement. 📊🔺Market Indicators and Considerations: The direction of Bitcoin dominance and the Total Crypto Market Cap (TMC) index can influence AXS's price action. In the 4-hour timeframe, the 50 EMA is acting as a support level, potentially affecting price movement. ⛔Additional Considerations: False breakouts are possible, and traders should exercise caution and rely on confirmation indicators. Analyzing other technical indicators and market sentiment can help refine trade entry and exit strategies. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
AXS/USDT bullish horizon from support? 👀🚀AXS Today analysis💎 Paradisers, let’s delve into the intriguing movement of #AXSUSDT. Presently, it’s engaged in a delicate dance, retracing and meticulously retesting a critical support level at $9.379. This level holds immense significance, and its ability to transition from a mere retest to a robust support could be the harbinger of a potential bullish surge. 💎 After a triumphant escape from the clutches of a descending channel, the price of #AXS now approaches the key support level at $9.379. If it maintains its momentum at this crucial juncture, we may witness a delightful bullish reversal. Picture it: the price ascending, breaking free like a phoenix from the ashes. 💎 But ah, the markets are fickle, my friends. Should the price of NYSE:AXS dip below this pivotal zone, our strategy must adapt. Brace yourselves! We anticipate a bullish rebound from the secondary support level at $8.578. Failure to reclaim ground here could spell further declines. So, stay vigilant, stay nimble, and let’s navigate these market fluctuations with grace and precision
Long
by MyCryptoParadise
1
Alikze »» SLP | Continuation of the 3rd or C ascending waveIn the weekly time, it has gone through a complex correction cycle, which has suffered a range for more than 623 days, which has faced a motivational wave with the bottom of the range of 0.001299, and finally, with the failure of this concentration, it is completing a pullback to the golden zone. If the green box area is maintained, it must touch the specified targets. According to the current momentum, it is currently in rising wave 3 or C, which will have the ability to continue moving up to the 1.618 Fibo range. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
4
#AXS/USDT#AXS The price has been moving in a descending triangle since January 2023 With the presence of reversal patterns, the price finally broke the downtrend With a large oversold presence on the MACD Axie Infinity's potential in this time window is 250% In 2023, we have gone through a very complex and long consolidation phase that will surely lead to the next major bull market wave. Breakout and close above EMA10 and EMA21 in one candle. There is support from the bull market.
Long
by CryptoAnalystSignal
2
SasanSeifi 💁‍♂ Can It Reach New Highs? Hey everyone, I'd love to share some insights on the AXS chart! As you can see in the chart, the price of KUCOIN:AXSUSDT after a significant demand in the $4 range, broke the long-term downtrend line and experienced remarkable growth, reaching the $11 range. Now, after the correction and completion of the pullback process from the $7 range, we are witnessing positive fluctuations in the price again. In the long term, it is expected that the price will continue to grow to the $11 target and the $14 liquidity range, and we will see a new price ceiling. To better understand the continuation of the movement trend, we should pay attention to the price reaction in the $11 and $14 ranges. If the price breaks above $14, there is a possibility that the uptrend will continue to higher levels. Additionally, if the price breaks below the $7 range and stabilizes, there is a possibility of further correction. The probable trend is shown in the above image. Please share your thoughts and insights in the comments below! I'd love to hear your take on the AXS chart.🙌🧐 This is not financial advice. Always do your research before making any investment decisions.✌
Long
by SasanSeifi
2
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS: Descending Triangle BreakoutTrade setup : Trends are mixed. Bullish breakout from a Descending Triangle pattern could see price revisit $8.00 near-term and $9.50 medium-term. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS: Descending Triangle BreakoutTrade setup : Trends are mixed. Bullish breakout from a Descending Triangle pattern could see price revisit $8.00 near-term and $9.50 medium-term. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS/USDT Bullish Surge from support Zone? 👀🚀 AXS Analysis💎 Paradisers, it's time to focus on #AXS as it unfolds an intriguing pattern, perfectly positioned at a support zone and hinting at an imminent bullish rise. 💎 Over at #AxieInfinity, the game is respecting the support level of $6.52. If #AXS can keep up its momentum at this key juncture, we're looking forward to an energetic surge, setting our sights on surpassing the forthcoming major supply zone. 💎 However, should #AXS falter at the $6.52 support, savvy traders should be on the lookout for a potential bullish bounce from a secondary support at $5.53. Be warned, dropping beneath this level might be a precursor to a more pronounced downward trend.
Long
by MyCryptoParadise
3
AXS: Descending TriangleTrade setup : Trends are mixed. Trading in a Descending Triangle pattern. We wait for a breakout. Bullish breakout could see price revisit $9.50, while a bearish break below $6.90 support could be followed by a pullback to $6.00 support and 200-day moving average, which could then be a good swing trade entry. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS Initiated an Upward TrendAXS initiated an upward trend after successfully breaking through the downtrend's resistance level. This upward movement persisted until it reached the resistance area, marked by the orange zone, where a price correction subsequently occurred. The resumption of price growth is anticipated if bullish patterns appear. On the daily timeframe, the blue box serves as a crucial support level. A breach of this support could lead to a downward trend in the daily timeframe.
by MonoCoinSignal
2
AXS: Descending TriangleTrade setup : Trends are mixed. Trading in a Descending Triangle pattern. We wait for a breakout. Bullish breakout could see price revisit $9.50, while a bearish break below $6.90 support could be followed by a pullback to $6.00 support and 200-day moving average, which could then be a good swing trade entry. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS/USDT Eyeing for the Next Bull Run? 👀🚀 AXS Analysis💎Paradisers, let's focus on #AXSUSDT, as it's currently exhibiting signs of a potential robust bullish rebound from its important support zone. 💎Reviewing #AxieInfinity's recent market movements, we see a steady 39% decrease after reaching resistance at a significant supply level. However, its resilience around the support level of $7.00 indicates a potential for an upward trend. 💎Despite the present difficulty in reaching new highs or breaking past former peaks, which has led to a short-term bearish outlook, the $7.00 mark remains vital for #AXS. This level could potentially trigger a strong bullish surge upon retesting. 💎As proactive traders, we're prepared with a secondary strategy. If #AXS weakens at the $7.00 support and declines further, we're looking at a bullish resurgence beginning from the lower support level at $6.4. It's crucial to note, however, that a fall below this additional support might herald extended downtrends. 💎Stay flexible in your trading strategies and vigilant with the market trends, Paradisers. Your ParadiseTeam is diligently monitoring, ready to navigate you through these market shifts.
Long
by MyCryptoParadise_Simon
3
ASX Aims 8% HIGHERAXS is showing bullish price action. Price has moved up to the next major resistance level. Once we break this trend line, I will then switch my bias to bullish and look to enter a long. It is looking good after a sweep of the lows. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility