AXSUSDT
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.
AXSUSDT Daily TA : 12.28.21 : $AXSAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... #Requested_Analysis
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👤 Arman Shaban : @ArmanShabanTrading
📅 28.DEC.2021
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AXS/USDT - Potential 78% SetupHello Traders!
AXS continues within the uptrend.
The asset made a correction to the level of 0.618 by Fibonacci and found support near the price level of $92.50
To reduce the risk in case of a pullback, it is better to split the entry into two parts:
$100,00 - $104,50
$82,50 - $88,00
Stop-loss shall be placed under the price of $69.00
The targets would be levels of $150,00 and $165,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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.