Support and resistanceThe movement of ascending candlesticks in the daily time frame, if accompanied by a pullback, the support considered at the level of $6.5, can have a positive reaction for the continued price growth. But there is also a minor resistance in the $7.59 range, a break that could provide the conditions for continuing the move up to the major resistance. Otherwise, there is a possibility of a return to the $5.85 support.
AXS
Axie Infinity AXS Crypto Market after the ElectionsPreviously
My forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Axie Infinity AXS, which is overvalued.
AXS/USDT short
Entry Range: $10.00 - 11.00
Price Target 1: $9.00
Price Target 2: $8.50
Price Target 3: $8.00
Stop Loss: $11.40
AXS - We expect a negative reaction in the low timeframesAXS has been trending lower over the past week, breaking its support in the $6.4-$6.5 range, and has hit a previous low on the daily time frame. This support, which is related to the daily time frame, is the place where the trend changes from bearish to bullish and can bring a positive reaction again, which includes the price of $5.35 to $5.85.
In the last 50 days, a positive reaction has been observed from the same range, so it is still valid. Confirmation of the reaction and reversal requires price stabilization at this level and signs of a trend change in the 4-hour time frame. Strong bullish candles are still not observed in the 4-hour timeframe. And one of the minor resistance ranges is at $6.20 USD. If the price hits this resistance, we expect a negative reaction in the low timeframes. In general, in the best case, we can expect a range trend between the considered levels for the next week.
AXS - Technical review and analysisAs long as the bottom of the channel is maintained at $6.80, the price of AXS can rise again. But in case of failure of the current support, we can expect the price to hit the floor of the previous support to the range of $6.40 to $6.55. The short-term target will be in the range of $7.5 to $7.7 if the channel is maintained.
🔥🚀APE WILL SKYROCKET AFTER THIS FALSE BREAKOUT🔥 Hi friends! APE is a very volatile altcoin that gives the best possibility for traders to make money even in a short-term period.
I expect the local pump on crypto after some pullback. The best time to open a long trade on APE is a false breakout of the $3.25 key level.
📊 PRECONDITIONS TO OPEN A LONG ON APE:
🔥 false breakout of the key level of $3.25
🔥 volume growth
🔥 bullish BTC
✅ THE LONG TARGETS FOR APE:
1. $3.9-4.1 - value area
2. $4.6 - a key level
3. $5.2 - key level and local high
🚩 Traders, the market is very weak now, and if you will see the bearish BTC sentiment, I recommend you to book most of your profit and put sl in a breakeven.
Also, I recommend you to open a short if you will see the sign of trend reverse. Altcoins fall really good at that stage of the market cycle and our shorts will be very profitable.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
MY MINIMALIST CHART ANALYSIS FOR AXIE INFINITYAXS
01 .21.22
1141H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
This will be a good season for ENTRIES. Market has found strong support at a very bargain price for cryptos.
We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As for ALTS, ADA, POLKADOT, MANA, SAND, CURVE, MATIC and a few others.
Basically, the outcome of BITCOIN , the ALTS tend to follow. So I am limiting my published ideas to a few, quality over quantity.
ALERT:
Looking now for an ENTRY to a short to midterm LONG SWING trade.
Based on VITAL SIGNS ( RSI , STOCH , VOL., MA VOL.) Looks healthy:
1. RSI still midway down
2. STOCHS on the LOW
3. Volume has a lot of supply for BUYERS to TAKE.
4. Looking at support at 54-65 zone.
5. We can then expect a strong hey level of support at the 77 zone, right at the bottom of the MAJOR BLUE BOX and the ENTRY AREA OF VALUE MARKER.
Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES. Again, if it does, it will be a BUYERS MARKET and good for as all RETILERS.
Looking back months ago when the MINIMALIST BOX ANALYSIS was made.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
Q/A : What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION.
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume , Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology .
Stay away from FOMO and FUD.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
It is all based if the right conditions are met. Generally it will follow the MINIMALIST BOXES.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work.
Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge on what I was taught.
Vive Le Autist!
Vive Le Diamond Hands!
AXS: Approaching ResistanceTrade setup : Following news of AXS taking steps to decentralize, price bounced off of $6 support level, with huge volumes, and reached $10 resistance. If it breaks that, the next major resistance is $14, which is also 200-day moving average.
Trend : Downtrend 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 $6. The nearest Resistance Zone is $10, then $14, and $20.
AXS: A GOOD MOVE COMING IN.Hello traders. I hope you guys are doing well. Here's an update on AXS in 3 days timeframe.
AXS has been doing exceptionally well in the last 3 days. With a rally of almost 50% ↑, AXS boosted the NFTs giving a ray of hope in this bearish market. Currently, the price has settled down at $9 but has the potential of rallying close to $16 by the end of this year. The only struggle AXS is facing is the $10.8 resistance level. Once AXS breaks above this resistance level, $16 rests assured. Also, a breakdown below the support level will invalidate this chart. In a long run, AXS has a lot of potentials.
Key points:
Resistance: $10.8.
Invalidation: $6.5.
Target: $16.
That's it from my end. Have great hours ahead.
Trade safely.
Axie Infinity Breaks Bullish (Grows 77.7% In 4 Weeks)Another altcoin that is looking good today is Axie Infinity (AXSUSDT).
We can see the classic consolidation pattern in purple, a symmetrical triangle, that just broke to the upside.
We see pairs that produced a higher low in November compared to June, breaking bullish.
But we are also seeing the pairs that produced a lower low in November compared to June, yet still breaking bullish.
This is a strong market-wide signal and predicts an upcoming change of trend for the Altcoins market.
EMA10 We use for the short-term.
Below bearish and above bullish.
EMA50 We use for the mid-term.
We see AXSUSDT going above EMA50 on high volume and a very strong RSI.
Telling us that the mid-term trend for this altcoin is changing from bearish to bullish.
Just as we saw with NMR, CRO, FXS, ANT and so on.
Since the trend is changing, what we see now is only the beginning.
You can expect additional growth in the weeks to come.
Think Dogecoin and Litecoin.
These moved ahead... The rest of the Altcoins market will follow.
Namaste.
🔥🚩WHY AXS MADE +132% IN 5 MIN❓ $1M HACK❗🔥Hi friends! AXS was almost top gainer of this week, but seems like it's not because the "great development" or super event, that ussually pump such gaming coins. As it turned out, it was a hacker attack that allowed to steal millions of dollars from traders through API keys.
📊 HOW THE SCHEME WITH API KEYS WORK❓
1. Traders use the API keys to connect some platform with remote access to the Binance account. There are a lot platforms, I will not specify it here.
2. Some account accumulate AXS on exchange and set their stop-limit sell orders by 50-100% higher from the entry point.
The accumulation can take 1-2 weeks, because such coins has low liquidity.
3. Hackers enter your accoumt through the "hole" in API-keys and start to buy coins by market orders.
4. As such coins have low liquidity, the price easilly reach hackers stop-limits and now they have USDT with +130$ profit. "Legal" deposit, easy money.
🔥 Here the tweet of one victim to CZ and Binance about losing of $1M.
✅ This is not just a single case. I found at least 3 traders that got the same troubles with API keys. I think that is another bad case with the crypto exchange.
🚩 It looks like an attempt to discredit the crypto exchanges, as after the fall of FTX someone wants more "blood" on the market.
It is good that CZ and Binance support reacted to this news in time and it did not become so widely known. As far as I understood from the story of one participant, Binance will refund🔥 the money to its users, but previously blocked their accounts for some time to avoid the repeat.
📊 TECHNICAL ANALYSIS
The price don't pay attention to this spike and continue to follow BTC movements. The most possible AXS's movement is pullback to the $12-13 value area.
📊 Precondition to open a long:
1. squeeze to the trendline
2. local manipulation with sl collection
3. bullish BTC
🚩 I personally use DOM and Footprint. These scalping toold help me to identify the whales buy/sell orders and
✅The 2 main targets for AXS:
🔥 $8.7-9.4 - the value area
🔥 $12-13 - the value area and local highs. Strong resistance for the price
✅ Traders, do you know about this case before? Maybe, you have additional information about this hacks. Share info about it in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade