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 🦐
AXSUSDT trade ideas
💡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 ❤️
AXSUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The S1 line which was previously the resistance line is broken. You can set another Buy order at this area and save your profit at the R1 and R2 lines. Always remember to save a certain amount of your profit at one resistance and the rest at the other because the price can hit the first resistance and then fall leaving you in loss. If the price goes lower than the specified area, then there would be more falling.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
AXS/USDT Reversal BULLISH!!!! Easy Gains!We can see that AXS/USDT has broken out of a falling wedge and has created an inverse head and shoulders at the bottom to indicate a reversal.
We can see that after the inverse head and shoulders, there was one powerful move up which is currently retracing. It will retrace to the support I have drawn and then make another big upwards move to the targets provided.
Target #1 on the chart is derived using the Fibonacci tool.
Target #2 on the chart is derived using support/resistance from the 1D chart and also the imbalance which is indicated in the chart.
I would personally take profit at Target #1 and then get back in on a retracement before it goes to Target #2
Mid-Long term swing trade- Cup and Handle patern that just broke out.
- 1D stochastic RSI its being reseted but RSI its curving up, we might see a fast movement on the near future if BTC allows it.
- 80% gains with 2 or maybe 3 impulsive waves.
- 160-180% to reach all time high.
- One of the strongest gaming token, #44 ranking on todays coin market cap.