AXS Movment Seems BullishForming an inverted head and shoulder pattern and defeating it, it entered a very powerful rally and was able to break itself ATH.
It has now entered the rest and suffering phase to gather the necessary strength to continue the rally.
The possible move is marked on the chart and the probability of continuing the uptrend is much higher than the reversal of the trend.
AXSUSDT
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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AXSUSDT Technical Analysis
⏳ Spot
💎 AXSUSDT after breaking out of the Wedge pattern it went for a Pullback but got rejected at the Support zone. It has been ranging at the support zone but i expect that soon the Bulls step in and move the price higher,.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 65.00
☕️ TP1 71.30
🍺 TP2 78.65
🍻 TP3 92.00
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 60.00
Good Luck 🎲
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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.
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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
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 Swing/longAXS is in an accumulation phase.
there are two trades that can be done here.
swinging between the accumulation phases support and resistance
enter: 60-62$
TP1: 64$
TP2: 67.3$
TP3: 69.48$
SL: 53.6$
or open a long trade after two confirmed 4hr candles above $70
TP1: $76.6
TP2: $80
TP3: $83.4
TP4: $87.6
SL: $68.2
what do you think?