Axieinfinity
AXS- New Trendline breakout COINBASEPRO: AXSUSD
4 HR Chart
- Axie is looking very good.
- The price has been in accumulation since early October.
- We have had a sharp recovery after retesting the bottom of the symmetrical triangle.
- The price is now breaking the trend line at $133, a long position is now available with the conformation of the breakout. (4hr candle closure) .
Profit Targets:
Short term TP 1- $155
Mid term TP 2- $180
🐦AXS symmetric triangle (continuation)AXS/USDT (2h) formed a symmetric triangle (continuation pattern). The price broke out of the formation and is testing the key level (129.9) and the orange trendline as support. If we see a bounce from here than it's super bullish. If not, the price will most likely dive deeper back down into the formation to find a support level.
TP1: 134.21
TP2: 141.26
TP3: 145.48
TP4: 153.49
TP5: OPEN++
-- Note: Keep in mind that AXS is a native currency of Axie Infinity(p2e game), which makes it's price very vulnerable to any gameplay changes made by the dev team --
#AXIEINFINITY #AXS 4H TECHNICAL ANALYSIS
Due to the long-term uptrend channel and the formation of the triangle pattern, as well as approaching one of the levels of the uptrend channel, due to the help of Fibonacci, there is an expectation of price growth to one of the following TARGETS.
TARGET1: 165
TARGET2: 188
TARGET3: 210
STOPLOSS: 110$
ENTRY : 128-122
TIME: 1-3W
AXS LONG TRADE - AXIE INFINITY Our favourite volatile trading alt finally broke up from the symmetrical triangle and ready to retest ATH!
Take profit in three stages, TP1 $155 (ATH). If bulls take charge and momentum continues then next targets are TP2 $171, TP3 $232
*NOT FINANCIAL ADVICE
**ONLY TRADE WHAT YOU CAN LOSE