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AXS / TetherUS PERPETUAL CONTRACT

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AXSUSDT.P trade ideas

Axie Infinity AXSUSDT Strong resistance levels, LONGThis idea is based on a trend line and resistance levels as can be seen with shaded area. The Fib level of 0.5 being about the half of the price drop is our target. Waiting for the price action to confirm the change of the trend, also see RSI as right now this is just about to change This crypto mission is to bring blockchain technology to the masses- it's a play-to-earn crypto built on the Ethereum (ETH) network, users can earn the Axie Infinity Shard token and the other in-game tokens in Pokemon-inspired universe.
Long
by lb-counts
Axie Infinity AXS/USDT : Recovery expected towards 119,00Axie Infinity AXS /USDT : Recovery expected towards 119.00 Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. The Axie Infinity ( AXS ) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. Context AXS /USDT has been listed in the middle of the last year, so the historical data are not really mature for a deep target projection. However Focusing on Daily and 3H basis we can already highlight key technical elements to understand the actual picture For now the initial raise can be describe in 3 wave up move (Corrective - A/) or 5 wave up move (Impulsive I/) - depend if you switch the scale between lin or log, on my side i would be more confortable with an impulsive move at this stage. So once that it said and as i described on the chart, the following move (down leg) has been done in 3 wave down (A-B-C corresponding to a logic corrective move in wave B/ if we are in ascending range towards 195.00 and more if we are in a impulsive long-term trend - it what we are calling a ''common part'' between to different scenario) So the configuration is quiet nice because the wave A = Wave C and the market bounced off 50/61,8 retracement which are standard to respect a proportion for this kind of Harmonic / elliot wave pattern, the determinism of the behavior behind the scene is strong a significant rise is clearly more likely. Tactical view (1 to 3 weeks) As you can see for now the RSI and the 55/89 EMA didn't provide a bullish pre-signal, only the 21EMA is acting as support, and we have a small ''evening star doji'' capping the recovery. Those elements can call for a last down leg towards the strategic support but for now the construction of the recovery is more impulsive than corrective so those element for now stay weak within the long-term determinism on going. As long as 49,70 remains key tactical support ( Pivot ) a direct rise is more likely towards 81,60 before 119,00 else penetrating 49,70 a test of 35,50 Strategic key support ( Pivot ) will occur before any bullish tentative Also i recommand to have a look on SLP /USDT which is also a native ERC20 coin connect to Axie ecosystem, - i will soon published something on it Enjoy !
Long
by JeanJean1983
Axie Infinity (AXS) - February 23Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (AXSUSDT 1W Chart) First resistance section: around 70.38 Second resistance section: 92.72-103.90 Support section: 36.87-48.04 It is important to keep the price above the 53.50 point in order to completely break out of the downtrend line. If it goes down, you should check to see if you find support in the support zone. (1D chart) In the movement between February 25th - March 13th, it is necessary to check which point in the section 36.87-48.04 deviates. If it falls below the 36.87 point, there is a possibility that it will fall near the 14.14 point, so a Stop Loss is required to preserve profit and loss. A move above the 48.04 point is expected to lead to a move to move above the 70.38 point. However, careful trading is required as it is expected to swing up and down to cross the M-Signal line of the 60SMA and 1W charts. This movement is expected to occur near the 59.03 point. ------------------------------------- (AXSBTC 1W chart) Resistance range: 0.001906-0.002143 Support period: 0.000723-0.000960 It is important to rise above the 0.001433 point. In particular, it should break out of the downtrend line. Otherwise, it is expected to consolidate in the 0.000960-0.001433 section. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto