AXSUSDT trade ideas
Wave 3 Pattern BreakoutAXS looks like it just bottomed after completing wave 2. The green trend line is the bullish trendline that AXS has been on. The bottom of this pattern has also bounced off at the trend line (green). All we need is momentum because the RSI has reset as well. I expect fireworks after the pattern breaks to the upside. This is my target for wave 3
Axie: Infinity hack or going back? Axie Infinity, ,the world’s largest non-fungible token (NFT) blockchain game and a successful web3 game in which players use NFT digital pets, called Axies, to interact with the game's community. Players can use their Axies to battle other players and to breed new Axies.
You have probably heard the hot news headlines these days That ,Axie Infinity, the world’s largest NFT blockchain game, has been hacked for $620 million (THE LARGEST HACK IN DEFI HISTORY 😱😵)!
Axie Infinity,was hacked on Tuesday after the Ronin network validators were infiltrated. The validators were compromised as early as March 23, according to Sky Mavis, the business behind the Axie Infinity project.
(Ronin Network, which is also owned by Vietnamese parent company Sky Mavis, allows players to exchange the digital coins they earn in Axie Infinity with other cryptocurrencies like Ethereum.)
This news can have consequences for it , and we maybe even see heavy falls in the future .
Anyway, this is just a possibility, and given the strong team who it has, we should see what does the AXIE team do later or choose another network instead of the Ronin network and compensate the investors. Or not!
so Regardles what happend lets have an analysis on the AXIE chart !
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on weekly timeframe for axsusdt ,Since 2021 it has had a massive growth till now (<138000 %), and after touching $166
as its ATH it had been corrected by more than 70% retracement , but in the past week it printed a good and bullish candle and jumped about 36% , so today it is struggling with the pivot zone , and if be able to break it out it can rise to next resistance zone. also by impact of recent news there is a possibility to decline and it can return back to support zone again . and if it loses the support zone it can also drop to lower support zones respectively.
🛑resistance zone: $123-132///
🆚pivot zone: $63-$72
❇️support zone : $40-44///$17-20
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
#AXSUSDT 12H Chart
Price previously got rejected from the major 12h supply zone and left a 4h supply zone around $70 on it's way down before bouncing from the 4h breaker at $62.5. MACD lines crossed and is now bearish, RSI is bought and EMAs are bullish. I expect price to fill the huge imbalance between $54 and $58 and tap into the major 12h demand zone at $53.8 where we would look to buy from.
AXS LONG SETUP- Axie increased more than %40 last days and It broke the last swing high in 4 hourly chart.
- Now it is time to wait for the retracement. I split my money to 5 pieces for this position.
- So each arrow indicates one piece from my money.
- I will not close my long position untill Bitcoin reach $52000 level.
Kind Regards,
Fisherman..
Sorry AXS holders: AXS to the trash binSorry to inform you AXS holders but your coin is going to the trash.
With a team that cannot take care of their security when their validators are literally holdings millions $ worth of currency. I can't think of a worse currency to hold than AXS.
It's a shame for the crypto and blockchain universe as a whole.
Literally, the biggest short opportunity is right in front of you don't you see it ?
Just sell your bags and short sell it you'll probably gain more than you ever did lol
PS: 20$ per coin target is imminent
Looking for a Bull Flag breakoutHello Friends!
If Axie Infinity can breakout from this bull flag, I like it to target 2 price points:
-$81.93
-$88.97
For this to have a chance to happen, it needs to hold above $64.50.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
AXS - Buy it when break out this lineBYBIT:AXSUSDT
4H trend chart
-
AXS is consolidating and converging.
It's good for it to accumulate around $65
If price can break out the downtrend line, trading strategy as bleow.
-
Profit Targets:
a) 74.5----Fib(1)
b) 80.995~83.625----Fib(1.272~1.382)
c) 89.260----Fib(1.618)
d) 98.385----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!