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AXS / TetherUS

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AXSUSDT trade ideas

AXS trade entry setupWeekly: long term analysis AXS was one of the top gainers of the last altcoin bull run. After more than 95% deep correction during the bear market, AXS is building a reversal Head&Shoulder on a weekly support zone around the 4$ price. Daily: short term analysis The inverted H&S pattern is attempting a breakout upward. If this breakout is confirmed, prices can start a strong upward move based on previous price action of AXS. The latest higher low contracted the price’s volatility and is offering us a good risk/reward setup. Strategy Buy signal will be given from a weekly close above the resistance line (neckline of the inverted H&S) around the 10$ mark. Objective 1: Next resistance line (before the H&S swing move target) at 20$ ( +100%) Objective 2: Next resistance around the 45$ zone (+350%) Objective 3: Weekly ATH around 154$ (+1400%) Invalidation Mental Stop: just below the recent weekly swing low. This setup proposes a nice Risk Reward If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price. Risk = Distance between Mental stop and entry point.
Long
by pollux3000
2
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS: Descending Triangle BreakoutTrade setup : Trends are mixed. Bullish breakout from a Descending Triangle pattern could see price revisit $8.00 near-term and $9.50 medium-term. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS Don't Miss Out! Grab the Bull by the Horns and Invest Smart## AXS Coin: Fundamentals, Recent News, and Disclaimer **Disclaimer:** I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions. **Fundamentals:** * **Name:** Axie Infinity (AXS) * **Type:** ERC-20 token * **Platform:** Ethereum (with Ronin sidechain) * **Use case:** Governance token for the Axie Infinity game, used for breeding Axies, staking, and participating in the Axie Infinity DAO. * **Total supply:** 270 million AXS (capped) * **Circulating supply:** 137.2 million AXS (as of February 12, 2024) * **Current price:** $7.69 USD (as of February 12, 2024) * **Market cap:** $1.05 billion USD (as of February 12, 2024) **Recent News:** * **Axie Infinity: Origins launched:** A revamped version of the original Axie Infinity game with improved graphics and gameplay. * **$150 million funding round:** Sky Mavis, the team behind Axie Infinity, raised $150 million in a funding round led by Andreessen Horowitz (a16z). * **AXS listed on Coinbase:** AXS was listed on the major cryptocurrency exchange Coinbase in October 2023. * **Continued growth of Axie Infinity ecosystem:** The number of daily active users on the Axie Infinity platform has continued to grow in recent months. **Additional Notes:** * The Axie Infinity game has been criticized for its high entry barrier (requiring the purchase of Axies, which can be expensive), and for its potential links to gambling. * The crypto market is volatile and the price of AXS could fluctuate significantly in the future. I hope this information is helpful. Please remember to do your own research before making any investment decisions.
Long
by MoonTradingForecast
AXS/USDT | 1W 👀I'm buying AXS. The coin has corrected very well, a very attractive price to buy. I'm waiting for the goal according to the plans Axie Infinity is a platform that allows you to earn tokens and contribute to the ecosystem in a gaming format. Externally, it's a cartoonish game about fantastic creatures, but essentially, it's a social platform and a working network that utilizes NFTs - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of AxieInfinity. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #AxieInfinity #Investment #AXS
Long
by Nyskohuz
1
AXS: Descending Triangle BreakoutTrade setup : Trends are mixed. Bullish breakout from a Descending Triangle pattern could see price revisit $8.00 near-term and $9.50 medium-term. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
AXS/USDT Bullish Surge from support Zone? 👀🚀 AXS Analysis💎 Paradisers, it's time to focus on #AXS as it unfolds an intriguing pattern, perfectly positioned at a support zone and hinting at an imminent bullish rise. 💎 Over at #AxieInfinity, the game is respecting the support level of $6.52. If #AXS can keep up its momentum at this key juncture, we're looking forward to an energetic surge, setting our sights on surpassing the forthcoming major supply zone. 💎 However, should #AXS falter at the $6.52 support, savvy traders should be on the lookout for a potential bullish bounce from a secondary support at $5.53. Be warned, dropping beneath this level might be a precursor to a more pronounced downward trend.
Long
by MyCryptoParadise
3
AXS: Descending TriangleTrade setup : Trends are mixed. Trading in a Descending Triangle pattern. We wait for a breakout. Bullish breakout could see price revisit $9.50, while a bearish break below $6.90 support could be followed by a pullback to $6.00 support and 200-day moving average, which could then be a good swing trade entry. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS