AXSUSDT trade ideas
AXSUSDTGeneral Guide:
1.) Anything above price is a resistance, anything below is support.
2.) Proceed with caution when taking a trade based off of this chart.
3.) Make a copy of it to watch it in real-time. Click the share button, then "Make it Mine"
4.) It is very risky to set limit orders, I advise you to set alarms and when it hits, check how it reacts.
5.) Watch the BTC pair closely as price will generally follow that pair.
6.) Definition of Terms:
Bearish/Bullish Order Block (OB) - Price rejects or bounces respectively.
(Monthly/Weekly/Daily) Liquidity - Where retail stop loss orders are.
pm/pw/pd/pr - Previous Month/Week/Daily/Range
VAH/VAL/POC - Value Area High/Low and Point of Control (70% of traded volume in a range)
OTE - Optimal Trade Entry
Rectangles - Liquidity Pools
Diagonals - Probably a Fib Resistance Fan, Pitchfork or Pitch fan
nPOC - Naked Point of Control
Eq - Price Equilibrium
Single Prints - Liquidity Voids
💥AXS FALLING WEDGE - TO FALL TO $45Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Right here is a falling wedge pattern with two reliable support zones on the trendline and two reliable resistance zones on the trendline.
Price just tested the inner trendline resistance zone and it’s making it way down to the lower trendline within $45 - $47.
Therefore, I expect a fall within this price range.
What do you think?
Share your opinion in the comment section✍️
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AXSUSDT is trying to have a breakoutBINANCE:AXSUSDT The price bounced on the 0.786 Fibonacci level after an amazing bullrun. As you can see on the daily timeframe (the upper one) 50$ is a Key level.
On 4h Timeframe, the price is creating a descending channel, it tried to have a breakout from the static 4h resistance but got a rejection so far
How to Approach?
IF the price is going to have a breakout of the 4h resistance (67$) According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
💡Don't miss the great buy opportunity in AXSUSDT @AxieInfinity
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (61.05).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60
Take Profits:
TP1= @ 67.34
TP2= @ 71.90
TP3= @ 78.80
TP4= @ 84.07
TP5= @ 91.02
SL= Break below S2
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💡Don't miss the great buy opportunity in AXSUSDT @AxieInfinity
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (61.05).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60
Take Profits:
TP1= @ 67.34
TP2= @ 71.90
TP3= @ 78.80
TP4= @ 84.07
TP5= @ 91.02
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️