AXS retracing excess? One Elliott Wave count im keeping an eye on. TLDR: Want to see these previous resistance lines be breached and flipped into support before getting too excited for a bounce up. But have been short from the top so may be a bit biased. The Elliott Wave pattern just doesnt look complete. But I am fickle and can be swayed easily by the PA. And AXS can always do AXS things... like in the good ole days..
AXSUSD
AXSUSD within its Buy Zone flashing the same signal as JuneAxie Infinity has been on a long-term Fibonacci Channel Up ever since its first trading day in November 2020. As you see, it has two clear pressure zones, a Buy Band (green) and a Sell Band (red). Those have never failed to give clear buy/ sell signals.
What has been an even stronger buy signal though than AXSUSD trading within its Buy Zone alone, is that when it also breaks below the 1D MA200 (orange trend-line), it tends to bottom out and start a strong rally to the top of the Channel Up. That's what took place in late June 2021. With the Ichimoku Cloud also flashing a buy signal, AXS is possible to soon start a strong rally first towards $220.00 and then $500.00.
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AXS: Near-term Bull-Flag PT $246See my most previous Bull-Flag targets for SOL and LUNA... AXS with tons of market adoption and major investments from Samsung does provide an opportunity to be a gaming juggernaut in the gaming space. Axie bears some remarkable similarity to the virality of Pokemon about 25 years ago.... except with much higher sustainable uspide.
The Bull Flag Target is $246 and is a shorter-term expectation which I would expect to play out by Q1 2022 as major catalysts occur for AXS and greater adoption occurs.
AXS will do a Break out soonHello every one
AXS /USDT
AXS is in a Falling wedge Pattern. the Break out needed for This Pattern has Not Happened yet. Sure The Break out can Happen Right now But There is another Scenario As well. we Can Expect a Pullback From The Support Range which is Drawn on The chart as well. The Expected Movement is to the Top of The Falling wedge pattern.
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Axie Infinity Analysis, Jan 6This is what I think about Axie Infinity (AXSUSDT)
Three waves completed and now we are currently in wave 4th of Elliott waves
There are two places that can be the end of wave 4th and the beginning of wave 5th
It depends on breaks the trend line or not if it breaks then the second place can be the end
Anyway in my opinion this isn't the end cause I expect another bullish wave
AXSUSDT-SHORTBased on technical factors there is a short position in AXSUSDT Axie Infinity
AXSUSDT Axie Infinity
Score 2️⃣
🔴Short Now or set on Key Level 96.35
🟢Target 1 94.40
🟢Target 2 92.80
❌Stop loss 97.00
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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AXS/USDT ChartHi, I try to post often so if you could follow, like and comment your thoughts it would mean a lot to me.
AXS is a great investment and is looking very interesting right now. In the short term a long seems the play to me because the coin didn't brokedown the 90$ support and is going to retest the 108$ resistance. The RSI on the daily chart is looking good and the RSI on the 4H is bullish. However if we saw a BTC drop we might have a retracement to the 90$ support again. Right now the long seems the move for me but if we have a strong red candle in the 86$-90$ a short is surely the right move.
For me this might be the time to long/short it instead of just buying a lot due the fact that we don't have the confirmation that we entered a bear market (BTC will decide that and when that happens I wil post it), so in my opinion a short term trade is the move now. Coins like AXS and FTM are investments that I think will have great potential on the near future because their ecossystem is always expanding (e.g. AXS announced a DEX that when launched can bring great value to the coin). Comment what you think.
2 SUPPORT STEPS FOR AXS...Axies' s full-view chart, seems great. We will enter on two steps I've shown on the chart (The first step, done!). The second is still available for probable strong market downtrend (due to some fuds...).
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AXS - Do not miss itIf AXS could maintain its trend line and support during the bitcoin fall, it will be Bullish and the first target is $118 (then $140)
Due to the last few candles in 2D timeframe and The RSI positive divergence, That bullish scenario has a good chance
Anyway, so far AXS has climbed a lot and Bitcoin isn't stable and may drop to 42K. It's better to consider these points (before buying)
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AXS, bullish structure on the chart A falling wedge pattern has formed on the AXS chart, it is a bullish structure, it is statistically breaking up, but bitcoin could once again renew its local lows, so two scenarios are worth highlighting.
The first scenario is that the price breaks through the upper boundary of the wedge, after which there could be a rise to the targets marked at the top.
The second scenario is that the price falls and breaks the pattern downwards, in case of a false breakdown of the 77$ level there 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.