Axie Infinity trade plansafter a huge upside AXS peaked a new high of 15$ and has now formed a solid looking parallel channel and if this breaks to the upper side then AXS might peak 16-18$. But i then i would be glad to go short as well if it breaks to the downside, just expecting a reaaly sharp move towards either side.
Happy Trading !!!
AXSUSDT trade ideas
AXSUSD LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone on significant volume , making stops and holding rejections at the bottom of price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think it could go in search of the previous high price zone.
AXSUSDT | SETUPAXUSDT is trading in a bullish parallel channel . The price action is making higher highs and higher lows. Recently it took support from lower boundary of channel and approached to upper boundary of channel.
The bulls need to break above upper boundary of channel. While bears will be in control below the upper boundary.
Trade your levels accordingly.
AXSUSDT BAT FORMATIONBat
The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
AXS prints a triple bottom patternIf you look at the 4h time frame chart of AXS you can clearly see that it successfully completed and confirmed the triple bottom pattern breaking out the resistance line.
I will consider to wait for a pullback and enter a long at 14.02$ with an stop loss at 13.43$ and i will take profits at 16.62$.
AXS fall to the bottom again🔥 Best entry point here!Hi friends! AXS move in the falling wedge and can breakout it after some pullback to the lower boundary. It will be good to see some trap with wedge. 🔥The long and short traders will be trapped, if the price will fall below the wedge and become the fuel🔥 for futher growth:
1. stops of long traders will be activated
2. sell limits of short traders will be activated also
🚩 After this, the price can pump and liquidate short traders. The long traders who were trapped will try to open their long on this impulse but iopen it at highs. Always the same.
📊 Preconditions to open a long:
🔥 false breakout of the falling wedge down or test the lower boundary of this wedge
🔥 volume growth which confirms the pressence of buyer and our scebario with trap long and short traders
🔥 bullish BTC help all the ALTs make a huge pullback
DOM and Footprint tools that i use fot scalping and swing trading show me the real orders of the BIG players which will accumulate AXS at the bottom.
📊 The targets:
1. $19.7-22 - the closest value area and resistance
2. $28.6-30.3 - the value area and even number
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Huge Sell Opportunity What's good TRADINGVIEW family, I spotted a profitable Bearish Candle on (August 20, 2022), that has the potential for a 46.02% return on investment. (Here are my 3 reasons)
*This bearish candle has these 4 principles - 1. The (RED MA) is above the bearish candle and (BLUE EMA), 2. The Bearish Candle has a flat top, 3. The Bearish Candle is below the Ichimoku cloud, 4. The previous wick of this Bearish Candle is greater than the last bearish previous wick.
2. This Bearish Candle has 4 effective indicators which increase the probability of a successful sell trade
3. This Bearish Candle has 3 advantages over the last bearish candle
1st Advantage = The (RSI INDICATOR) ON THIS BEARISH CANDLE IS LOWER THAN THE LAST BEARISH RSI (5), BY 2
2nd Advantage = The (DMI INDICATOR) ON THIS BEARISH CANDLE IS GREATER THAN THE LAST BEARISH DMI (94), BY 4
3rd Advantage = The PREVIOUS WICK OF THIS BEARISH CANDLE IS GREATER THAN THE LAST BEARISH PREVIOUS WICK (5), BY 6
*2 RESISTANCE LEVELS - WHICH THE PRICE OF AXS HAS RESPECTED THAT WILL PROTECT THE PRICE FROM HITTING MY (S.L)
(SHORT POSITION)
Entry Price: $14.78
Stop Loss: $15.92
Take Profit: $8.34
Position Size: $200 (invested)
Buomkuoth Reath - August 29, 2022 - 9:05pm
🔥 AXS Classic Bear Flag Break Out: Wait for Confirmation!With BTC dropping, its to be expected that alts will follow.
AXS is one of the weakest alts of the last couple of months, so the expectation is it will continue the bearish trend.
After breaking out of the bear flag, AXS has one more obstacle to clear before we can move down, which is the purple Area of support.
A daily close below this area will most likely be the starting signal for more bearish price action. Be patient for the break out. Targets placed at $10 and $9.
AXSUSD LONGPossible upward movement of the pair. Price is currently in the trading zone with significant volume holding a significant stop near the pivotal 55 period EMA in my trend continuation analysis strategy. I see a pattern known in my strategy as the ABC pattern, which indicates a range close to the EMA, for a possible continuation of the uptrend, in this case, through its wave C, which matches from my strategy with a it comes from the price to the 55 period EMA on the bounce on the 4-hour chart. We see the accompanying indicators such as the Squeeze Histogram of Momentum and MACD with bullish directionality accompanied by the loss of strength of the previous move higher in robot, indicated by the ADX below the 23 level. We see a possible selling pattern in the MACD lines. In one-hour timeframes we see important rejections close to the 55 period Ema, also being in a trading zone with significant volume and possible buy signal patterns. I think it is quite possible to move higher on a break of the previous highs and continue its trend. You will see the development of the pattern and the confirmation of the trend change to up.
AXS/USDT Soon will be good to joinHey Colleagues,
Today we came across AXS /USDT again. We see that four last Daily candles have been telling us about some big movement,. Risk is big so thats why we set stop so close!! But the outcome could be very sweet. We think that price should reach $18.75 so that it would try top break that zone there!!
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