AXSUSDT
AXS - Watch Out For The Next Impulse 👀AXS has been giving has incredible impulses recently. We are currently in a tidy correction and watching for a breakout.
Trade Idea:
Watch for a clean break of the descending trendline and enter with stops below the correction. First targets being the recent highs and second target being the same size impulse as the first, which would take us to the 200 level.
AXS LONG TRADE - AXIE INFINITY Our favourite volatile trading alt finally broke up from the symmetrical triangle and ready to retest ATH!
Take profit in three stages, TP1 $155 (ATH). If bulls take charge and momentum continues then next targets are TP2 $171, TP3 $232
*NOT FINANCIAL ADVICE
**ONLY TRADE WHAT YOU CAN LOSE
$AXS to the moonAxie Infinity Shards is just about the easiest trade you can make right now.
The market still hasn't caught up to the fact that it's the second highest revenue producing protocol - alone this should place it in the top 10 market cap.
With fundamental bullish catalysts like the Ronin DEX and Land gameplay coming out in Q4 it's certain to reach new highs. Additionally, AXS staking continues to lock up an increasing amount of supply with ~30% currently staked, and yet APR remains in the triple digits.
From a technical perspective it looks amazing as well, a clear pennant has formed. Fib extensions are for possible targets but I intend on holding my stack much higher than any of the prices shown.
I want to write more but I think I'll just do a thread instead. Best of luck.
# AXS looks pretty good here _____AXS looks bullish. The chart is showing a symetrical triangle on 1D and 4H. We will see a breakout in upcoming days.
If AXS break the resistance trendline the next resistance after breakout is 141$ levels and 144$ area.
If AXS unable to break the triangle then we will see a retest of 115$ - 122$ support area. Wait for a breakout or rejection from there.
*DYOR*
Bullish flag in AXSAXS is one of the coins with lots of hypes around it which makes it to have a lot of potential to grow. As it can be seen in the chart, an obvious bullish flag is formed (just as in text books!) so we can determine its target by the pattern. Besides, due to recent huge flow of money that entered the crypto and the current market cap of AXS, which is about 8 billion, expecting a strong move to upward is completely expected.
Target: 180