Axie Infinity Analysis, Jan 6This is what I think about Axie Infinity (AXSUSDT)
Three waves completed and now we are currently in wave 4th of Elliott waves
There are two places that can be the end of wave 4th and the beginning of wave 5th
It depends on breaks the trend line or not if it breaks then the second place can be the end
Anyway in my opinion this isn't the end cause I expect another bullish wave
AXS
🆓Axie Infinity (AXS) Jan-04 #AXS $AXS
AXS is testing the 90$ zone and with the weak selling force like this we could expect a rally from here.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 90$ zone
🔴Buy : 90
🔴Sell : 110 - 130 - 150
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 90$ zone
🔵Sell : 90
🔵Buy : 80
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
AXS reaching a demand zone during a strong bull trend. 1:3 setupAXS broke the 100 SMA and is now reaching the 200 SMA,
the overall trend is nice and bullish and the volume profile suggests to me that some buyers are around the corner.
Let's try to enter the same area where we had a big bullish candle with big volume.
The risk-reward is 1 to 3, the stop is below the demand zone and the target is at a recent high volume node
AXSUSDT-SHORTBased on technical factors there is a short position in AXSUSDT Axie Infinity
AXSUSDT Axie Infinity
Score 2️⃣
🔴Short Now or set on Key Level 96.35
🟢Target 1 94.40
🟢Target 2 92.80
❌Stop loss 97.00
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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AXSUSDT Technical Analysis💎 AXSUSDT is moving along the descending channel. The price can go up to the upper band of the channel and in case of the breakout after the pullback it can go higher.
💵 Invest Only 5% of your Portfolio
🎳 Entry now or from 94.73 - 90.24
☕️ TP1 101.78
🍺 TP2 110.68
🍻 TP3 121.17
🍾 TP4 132.92
🍷 TP5 145.00
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 89.18 - 84.94
Good Luck 🎲
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AXS/USDT ChartHi, I try to post often so if you could follow, like and comment your thoughts it would mean a lot to me.
AXS is a great investment and is looking very interesting right now. In the short term a long seems the play to me because the coin didn't brokedown the 90$ support and is going to retest the 108$ resistance. The RSI on the daily chart is looking good and the RSI on the 4H is bullish. However if we saw a BTC drop we might have a retracement to the 90$ support again. Right now the long seems the move for me but if we have a strong red candle in the 86$-90$ a short is surely the right move.
For me this might be the time to long/short it instead of just buying a lot due the fact that we don't have the confirmation that we entered a bear market (BTC will decide that and when that happens I wil post it), so in my opinion a short term trade is the move now. Coins like AXS and FTM are investments that I think will have great potential on the near future because their ecossystem is always expanding (e.g. AXS announced a DEX that when launched can bring great value to the coin). Comment what you think.
BITCOIN [ BTC ] - BULLISH Breakout Pattern Forming... Bitcoin is still trending up. It bottomed out in the summer. It has been trending up with HIGHER LOWS since that time. The most previous LOW was in late September. The current LOW is now in December. Every time we've gotten to these new LOWS, Bitcoin creates a FALLING WEDGE pattern with a breakout before the next leg up.
When Bitcoin broke out of it's FALLING WEDGE in late July, it had a RE-TEST in August before it took off. During the late September FALLING WEDGE breakout, there was no RE-TEST. However, with this current FALLING WEDGE breakout that we just had, we are getting a RE-TEST, similar to what we saw in September. As long as we hold above this RE-TEST area, this should be the beginning of the next big leg up in Bitcoin. This looks like it will carry on into Q1 and maybe even Q2 of 2022.
🔥 AXS Macro Bullish ChannelSince it's inception on Binance, AXS has been trading in a strong up-trending bullish triangle.
However, AXS is losing value almost weekly since late October. It doesn't seem that the bears are done selling yet, so I'd wait until the price reaches the yellow area on the chart for a potential long-entry.
Target would, ideally, be the top of the channel. However, since AXS is one of the top-performers of the bull-run it might be the case that we're not going to see another ATH again this bull-run.
Happy trading!
AXSUSDT Daily TA : 12.28.21 : $AXSAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... #Requested_Analysis
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 28.DEC.2021
⚠️(DYOR)
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AXS/USDT - Potential 78% SetupHello Traders!
AXS continues within the uptrend.
The asset made a correction to the level of 0.618 by Fibonacci and found support near the price level of $92.50
To reduce the risk in case of a pullback, it is better to split the entry into two parts:
$100,00 - $104,50
$82,50 - $88,00
Stop-loss shall be placed under the price of $69.00
The targets would be levels of $150,00 and $165,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice