AXS USD T - Medium Term:BearishHello everyone,
I saw a lot of interest in the AXS lately, probably that they are working with the biggest in video game industry.
Anyway, we're still in crypto markets, so the price is still dictated by the interest and analysis.
With such a great moves upward, we can see a pullback at the prices in the chart.
Take care of your investements.
Thank you,
This is not a trading advice,
St.Gex
AXSUSD
AXS loading up for round 3! But BTC dictates the market! Here's a quick Look at AXS 30 min chart. As we can see, the price has been forming a falling wedge 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 falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 138$
2. 144$
3. 155$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SLP COIN MAY PRODUCE A RALLY IN OCTOBERHI,
I hope you guys are doing good. SLP COIN has corrected almost 100%. I see this coin has a lot of cover to the upside to fill that imbalances on the charts. I see a rally in SLP in October or late November.
I'm accumulating this coin because it has potential of hit back into $0.22.
Mind you these coins are not for heavy buys but if it breaks out of that break I showed in the chart we can see at least 300-400% rally from this coin.
Keep an eye on SLP AND AXS.
All the best
Uptober has been good so far! Keep an eye on AXSHere's a quick Look at AXS 15 min chart. As we can see, the price has been forming a bull pennant and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the bull pennant with good amount of volume .
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The idea is: Buy the breakout from the bull pennant and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 117.5$
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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Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
AXSUSD - Will it move towards $94?AXSUSD is around the important pivot of $73. Do you think it will reach the previous high of $94?
MACD on the 4H and Daily has just crossed the Signal Line and I am expecting more strength.
I appreciate if you write in the comments all your questions and instruments which you would like to see analyzed.
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P.S. It's important that you make your own analysis and trade within your risk parameters.
AXS - going to break through this area ❓🤔AXS - is now in consolidation. Price is moving slightly towards the upper boundary of the consolidation. Higher lows can be seen, which is a good signal for growth. If the price breaks through the upper boundary of the consolidation and tests as support, it would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AXS breakdown & trend shiftIdea from few days back: Didn't reach short target within 75USD. zone.
Axie had phenomenal run during the summer months.
Bitcoin - pair rolled over too.
The 50 USD zone will determine how fast the uptrend will resume or if we head lower first.
Red trajectory is currently more likely.
AXS - PUMP IS COMING 😱🚀🚀While bitcoin is in consolidation, a very good opportunity to buy altcoins.
The AXS chart shows a very good picture, the price has broken and tested the local trend line as support.
This is a strong signal for growth. The target is the upper boundary of the consolidation at 79$.
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 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.