AXSUSDT Rectangle PatternAXSUSDT Breaks Out of Rectangle PatternAXSUSDT Technical Analysis update
AXSUSDT has formed a rectangle pattern at the bottom near its major yearly support level. The price has broken the rectangle pattern resistance on the daily chart, indicating a potential bullish move from the current level. The price is trading above the 100 and 200 EMAs on the daily chart, with a noticeable rise in volume in recent candles is also considered strongly bullish.
AXSUSD
#AXS (SPOT) entry range(4.170- 5.150) T.(9.190) SL(4.096)BINANCE:AXSUSDT
entry range (4.170- 5.150)
Target1 (6.660) - Target2 (8.370)- Target3 (9.190)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (4.096)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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AXSUSDT Bulls Take Control! Key Levels in Sight.Analysis for AXSUSDT 15m Timeframe – Long Trade
Current Position:
Entry: $4.677
Current Status: Target 1 (TP1) at $4.823 has been successfully achieved. Awaiting further momentum to hit higher targets.
Technical Overview:
Risological Dotted Trend Line: The upward curve of the trend line indicates positive momentum and a strong bullish sentiment in this timeframe.
Volume Analysis: Current volume stands at 1.03M, lower than the 30-day average of 1.91M. Despite the lower volume, the price has sustained its upward trajectory, suggesting underlying buying interest and potential accumulation.
Key Performance Metrics:
Short-Term Weakness: The asset has shown negative returns over the last 1 week (-5.63%) and 1 month (-9.62%), reflecting recent downtrends.
Long-Term Resilience: Despite the short-term declines, AXS has a slight positive return over the past year (+2.12%), indicating resilience in its long-term outlook.
Target Levels:
TP1: $4.823 (Achieved)
TP2: $5.060
TP3: $5.296
TP4: $5.442
Stop Loss (SL): Placed at $4.559, providing a balanced risk-to-reward ratio for this trade setup.
Outlook: The trade remains bullish, with further targets potentially reachable, provided AXSUSDT can maintain momentum. Keep an eye on volume trends for additional confirmation of sustained buying pressure.
This setup aligns well with a continuation in the bullish trend, leveraging favorable price action to target the next levels.
#AXS/USDT#AXS
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 4.00
We have an upward trend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.80
First target 5.80
Second target 6.40
Third target 7.17
#AXSUSDT On the Edge of a Major Breakout From Descending ChannelYello, Paradisers! Are you ready for what could be a game-changing move in the #AXS market? Let's look at the latest analysis of #AXSUSDT:
💎We're closely monitoring the strong potential for a bullish continuation from a critical support zone at $4.47. For those tracking #AXS, the signs are clear—#AxieInfinity is gearing up for a breakout from the descending channel formation, and it could happen soon.
💎Currently, NYSE:AXS is following a descending channel pattern, and a breakout from this structure could send prices soaring. The first key target after a breakout is the minor resistance at $6.01. If #AXS holds steady above $6.018, we could be on the verge of a significant rally.
💎Historically, we’ve seen explosive moves like this, and a breakout above the critical $7.63 resistance could pave the way for even higher resistance zones.
💎But if momentum weakens near this key demand zone, we could witness a pullback to the lower demand area around $3.82. A daily close below $3.82 would invalidate the bullish setup and open the door to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
iFeel the success🌴
Axie Infinity: Seems extremely bullish!AXS is now down almost 96% from its previous ATH and is about to reach an important support level, which is a strong demand zone at $4. It can recover to its ATH of around $164, and if there is significant hype and AXS performs exceptionally well in the upcoming bull run, hitting targets above $1,000 is not impossible, IMO.
AXS gold signal#AXS is currently moving in a bullish Channel , which serves as strong support. price gradually approaching a key resistance level around the $8.50 - $8.16 mark.
It seems that according to the maintenance of the bullish Channel. if the resistance range of $8.5 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high.
If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid.
A successful break above resistance level could lead to a continuation of the upward trend, while failure to break through may result in a price correction. Careful monitoring of the price behavior around this resistance level is crucial for making informed trading decisions.
At the moment, we do not have a signal for a bearish trend on the price chart.
#AXS/USDT#AXS
The price is moving within a 1-day ascending channel pattern, which is a retracement pattern
We have a support area at 6.00 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 7.40
The first goal is 9.57
The second goal is 10.70
Third goal 12.00
Critical $8.5 ResistanceAXS is currently moving along its upward trend line, which serves as strong support. It is gradually approaching a key resistance level around the $8.5 mark. Traders should pay close attention to the price action as it nears this resistance. A successful break above this level could lead to a continuation of the upward trend, while failure to break through may result in a price correction. Careful monitoring of the price behavior around this resistance level is crucial for making informed trading decisions.
AXSUSDT - 4H Bullish signsThe AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal.
The price has breached the upper trendline of the triangle, signaling a potential upward movement.
The target for this breakout is set at approximately $9.40, as depicted by the green highlighted zone.
This target aligns with previous resistance levels observed in early April. The overall bullish momentum is supported by increasing volume, indicating strong buying interest.
Axie Infinity breaking above inverse head and shoulders necklineAs with other gaming and metaverse cryptos, it appears Axie Infinity is waking up from its slumber as well. No guarantee yet that it wont take another temporary dip below the neckline before fully validating the breakout but it seems pretty likely that validation is near. It appears all the metaverse and gaming cryptos want to take the reigns of the market over from the meme coins and may even do so here soon. *not financial advice*
AXIE INFINITY can rally 500% The rewards are higher
getting before the right shoulder is completed
versus waiting for a neckline to be broken
Some say the risk should be higher as well ?
Actually not in my opinion
Cheaper prices are insurance as the higher these coins go the more risk they carry
especially as we enter the Alt season.
Smash the like if you think this pattern looks good.
#InverseHead&Shoulders
#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.