AXSUSDT trade ideas
#AXS/USDT#AXS
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 4.00
We have an upward trend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.80
First target 5.80
Second target 6.40
Third target 7.17
#AXSUSDT On the Edge of a Major Breakout From Descending ChannelYello, Paradisers! Are you ready for what could be a game-changing move in the #AXS market? Let's look at the latest analysis of #AXSUSDT:
💎We're closely monitoring the strong potential for a bullish continuation from a critical support zone at $4.47. For those tracking #AXS, the signs are clear—#AxieInfinity is gearing up for a breakout from the descending channel formation, and it could happen soon.
💎Currently, NYSE:AXS is following a descending channel pattern, and a breakout from this structure could send prices soaring. The first key target after a breakout is the minor resistance at $6.01. If #AXS holds steady above $6.018, we could be on the verge of a significant rally.
💎Historically, we’ve seen explosive moves like this, and a breakout above the critical $7.63 resistance could pave the way for even higher resistance zones.
💎But if momentum weakens near this key demand zone, we could witness a pullback to the lower demand area around $3.82. A daily close below $3.82 would invalidate the bullish setup and open the door to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
iFeel the success🌴
AXS SETUP
### Entry Points
- **Primary Entry**: 4.712 USDT (38.2% Fibonacci retracement)
- This level shows a good opportunity for entry as it aligns with the Fibonacci retracement level and potential support zone.
- **Secondary Entry**: 4.041 USDT (lower accumulation zone)
- If the price drops, this is another key level for buying, close to the 1.0 Fibonacci extension.
### Target (Take Profit) Levels
- **First Target (TP1)**: 5.242 USDT (61.8% Fibonacci retracement)
- The first target aligns with a common resistance level at the 61.8% Fibonacci, where partial profit-taking is advised.
- **Second Target (TP2)**: 7.000 USDT
- A higher target that suggests a potential breakout if the momentum continues.
- **Third Target (TP3)**: 9.000 USDT
- A more extended target for those holding the position longer, representing a strong rally.
### Stop Loss
- **Stop Loss**: 3.602 USDT
- This is below the recent low and the 1.0 Fibonacci level, providing a solid point to minimize losses if the trade does not work out.
### Key Levels and Observations
- **Fibonacci Levels**:
- 38.2% retracement at 4.712 USDT.
- 61.8% retracement at 5.242 USDT (TP1).
- 88.6% retracement near the lower support zone.
- **Harmonic Pattern**: The chart appears to show a potential harmonic pattern that indicates a bullish reversal if it completes.
- **Volume Profile**: Increasing volume at lower price levels indicates potential accumulation by buyers.
### Trade Plan Summary
1. **Enter** the trade around 4.712 USDT or lower at 4.041 USDT if the price pulls back further.
2. **Set Stop Loss** at 3.602 USDT to limit downside risk.
3. **Target Levels**:
- **First Target (TP1)** at 5.242 USDT.
- **Second Target (TP2)** at 7.000 USDT.
- **Third Target (TP3)** at 9.000 USDT.
This strategy focuses on taking advantage of the Fibonacci retracement levels and potential bullish harmonic pattern, with defined targets and risk management through the stop loss level.
AXSUSDT: Weekly support, consolidation phase!!Join our community and start your crypto journey today for:
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Hello everyone,
I'm curating a list of promising projects to hold for the upcoming bull run.
1. FETUSDT (already posted)
2. ONDOUSDT (already posted)
3. AAVEUSDT (already posted)
4. ANKRUSDT (already posted)
5. ORDIUSDT (already posted)
6. TURBOUSDT (already posted)
7. AXSUSDT
Let's analyse AXSUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Axie Infinity is a blockchain-based game where players collect, breed, and battle fantasy creatures called Axies. Developed by Sky Mavis, the game incorporates elements of cryptocurrency and NFTs (non-fungible tokens). Axies are unique digital assets that can be owned, traded, and used in turn-based battles. Players can earn cryptocurrency through gameplay, with main tokens being AXS (Axie Infinity Shards) and SLP (Smooth Love Potion). Additionally, players can buy and develop virtual land within the game. Axie Infinity operates on the Ethereum blockchain and uses its own sidechain, Ronin, to enhance scalability and reduce transaction fees.
TECHNICAL ANALYSIS:
AXSUSDT is currently trading within a descending triangle pattern, indicating a potential bullish reversal. The price is currently at a key support level, and technical indicators suggest a positive outlook:
MACD: Flat MACD indicates a period of consolidation.
StochRSI: A bullish crossover above the oversold zone suggests a potential uptrend.
RSI: A bullish crossover is in progress, further reinforcing the bullish sentiment.
Buying Levels:
$3.695 to $4.620 (upper buying zone)
$1.272 to $1.989 (lower buying zone)
Target Level:
$19.5 (short term)
$165 (long term)
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Happy Trading!!
$AXS I'm With You Bro $Thanks for your supports 😍
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We are in SuperSupport zone 🦸♂️
Price can each time jump and back to supper suport then start a new way to TOP or to BOTTOM
if Supper support zone Broke then we would waiting for Losing price again but if Pump it as many times did it before
so be aware of AXS and their news
#TradeWithMky
@TradeWithMky
#TradeWithMky
Axie Infinity (AXS) to $3.90Most of tradingview.com is long with Axie Infinity ideas. Being the contrarian, I’m here to tell you a long position is probably a mistake. Why?
So simple.. support and resistance. The two red arrows show confirmed resistance at 12 to 13 dollars that followed with a break of market structure.
The only way forward now is for price action is to confirm past resistance as support. Those levels are 70% and 90% corrections below.
A study of the AXS-BTC pair (below) continues to print price action under active resistance. The trend is down. You may remember something that was said about legacy alt tokens not performing in this bull cycle?
As an example of the token-btc pair study, you may remember the ‘Auction to $40 from $4’ idea? (below). What might not have been obvious at the time was the study on the Auction-btc pair. A clear break of resistance.
If you’ve made it this far, an idea on the Gas Neo token was recently published. You've read above. Why did I publish Gas token?
Ww
Auction.btc September 2023
Auction to $40
Weekly auction-bitcoin pair
AXS (Axie Infinity) Falling WedgeTrade setup : Price is in a Downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is Oversold currently, based on RSI-14 levels (RSI < 30).
Support and Resistance : Nearest Support Zone is $4.00. Nearest Resistance Zone is $7.00, then $9.00.
AXS Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
AXS has been in a downtrend since it hit its all-time high back in November 2021. The price failed to rise to its potential level and is currently close to its support level.
NYSE:AXS is expected to hold this support level, which ranges between $3.3 and $4.5. If the market favors it, the price is expected to rebound and rally, breaking above the resistance trendline.
Key levels:
- Important Support: $3.3-$4.5.
- Resistance: $6.6.
- Targets: $12.5, $18.8, $36, $66.5.
- Invalidation Point: A close below $3.3 support level.
DYOR. NFA.
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AXS BUY Based on the provided chart for AXS/USDT on a 1-day timeframe from Binance, here's a detailed trading plan:
### Entry Point
- **Entry Zone**: Between 6.420 and 7.190 USDT
- This range represents a significant support zone where the price is likely to find buying interest.
### Target (Take Profit) Levels
- **First Target (TP1)**: 8.913 USDT
- This level is the nearest target where the price is likely to encounter resistance.
- **Second Target (TP2)**: 9.890 USDT
- This level aligns with previous resistance and is a reasonable next target.
- **Third Target (TP3)**: 10.709 USDT
- This level is a higher resistance zone and aligns with previous price action.
- **Fourth Target (TP4)**: 12.619 USDT
- This level is a higher resistance level and a long-term target.
### Stop Loss
- **Stop Loss**: 5.736 USDT
- This stop loss level is set below the support zone to protect against a deeper downside move.
### Key Levels and Observations
- **Resistance Levels**:
- 8.913 USDT
- 9.890 USDT
- 10.709 USDT
- 12.619 USDT
- **Support Levels**:
- 7.190 USDT (upper entry zone)
- 6.420 USDT (lower entry zone)
### Technical Indicators
- **Volume Profile**: Shows high trading activity around the entry zone, suggesting strong interest and potential support.
- **ABCD Pattern**: Indicates the potential price move based on the harmonic pattern, suggesting possible retracement levels and target zones.
### Trade Plan Summary
1. **Enter** the trade within the 6.420 to 7.190 USDT range.
2. **Set Stop Loss** at 5.736 USDT to manage risk.
3. **Target Levels**:
- **First Target (TP1)** at 8.913 USDT.
- **Second Target (TP2)** at 9.890 USDT.
- **Third Target (TP3)** at 10.709 USDT.
- **Fourth Target (TP4)** at 12.619 USDT.
Always remember to manage your risk appropriately and adjust your trade parameters based on market conditions.
AXS/USDTAXS is showing a promising 8-month reverse head and shoulders pattern, indicating a potential rally with substantial profits! Remember, these are swing trades that could take weeks or even months to fully develop.
Key Points:
Breakout Confirmation: A breakout from the neckline will confirm the long-term target of the inverse head and shoulders pattern.
Exit Targets: Identified on the chart.
Invalidation Level: If the price breaks below the right shoulder, it will invalidate the setup.
Make sure your money management strategies are in place. Let's ride this chart as planned and aim for those targets!
#TradeCalmly with #Seahawk