AXSUSD
AXS - PUMP IS COMING 😱🚀🚀While bitcoin is in consolidation, a very good opportunity to buy altcoins.
The AXS chart shows a very good picture, the price has broken and tested the local trend line as support.
This is a strong signal for growth. The target is the upper boundary of the consolidation at 79$.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AXS Forms Pennant Near All Time High, Have Bulls Lost?-AXS is down nearly -10% over the last week
-Price has formed a bullish pennant
-AXS has been held by 120MA for 2 months
Axie Infinity has experienced an amazing amount of growth over the last few months as the NFT market has surged to record highs. The game, Axie Infinity, is an NFT based online video game that uses the Ethereum based cryptocurrency, AXS. This metaverse type game has experienced an immense amount of growth over the last few months as AXS’s NFT collection is the most expensive collection of all time. Even though this use case has huge potential for the future, AXS seems to need a larger correction before it can continue growth.
Over the past 6 weeks, AXS has been holding a trend line that bulls have defended very well. Just over the past two days, AXS broke below this trend line & seems to have confirmed it as resistance. This is a bearish scenario as long as AXS doesn’t regain this trend line. Ever since AXS broke over $65 a few weeks ago, it has been held as support. Along with AXS holding this as support, price has formed a pennant. This pennant is usually a bullish one, but in this case it seems AXS is more likely to break to the downside of this pennant.
If bulls fail to hold the current support of $70.89, price will then break to the downside of its pennant. This will be a bearish scenario & will land AXS at $65 minimum. If bulls fail to provide a bounce there, AXS is in for a large fall to potentially the $50 range. At the time of writing, AXS is flirting with the 120 MA which has held as support for over 2 months. If AXS breaks below this MA, we can then confirm it is in a downtrend. For AXS to go for another high, it must break to the upside of its pennant & hold the major resistance zone of $77.
While looking at the Stochastic RSI, we can see strength just got rejected within the overbought region & has since started heading down to the 50 value. If strength breaks below the 50 value, AXS will likely break to the downside of its pennant. The MACD has been in a downtrend ever since the pump to $77 back on August 10th. A trend line is shown & this trend must get broken for AXS to have a shot at continuing its bull trend.
AXS Intraday Analysis
Spot rate: $71.88
Trend: Sideways
Volatility: Medium
Support: $70.89
Resistance: $77.72
Axie infinity analysis in 4H time frame* AXS is in a clear healthy uptrend moving in a expanding channel forming higher-highs and higher-lows.
* Expanding channel appears when the price moves between two broadening trend-lines with narrow opening and broad closing, here the lower trend-line works as support for the price and upper trend-line as resistance.
* Every time the price test the lower trend-line (support) it bounces back up forming a new higher-high.
* Currently the price in consolidation on it's support and facing a resistance near $80.50, in order to continue the bull run AXS needs break the above resistance.
* AXS is bearish below the support.
Axie Infinity AXSUSDT - Warning to all hodlers! Elliott Wave- On the chart we can spot an ending diagonal Elliott Wave.
- The price is at the top of the channel, which acts now as a resistance.
- Is it now good time to sell? Due to technical probably yes.
- There is also a bearish divergence on the RSI indicator!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
- Maybe it is a great time to sell this coin, take profits and buy something else.
AXS is it good time to book profits ? or should wait ?Hi, hope so you all are doing well, i shared my thoughts about axs yesterday where you should buy, it falls yesterday under that range 67, if you bought in that range, axs is at resistance if it breaks then we can see towards 80 but the dominance of BTC increasing if BTC goes down it will effect the alts heavily
but if you want to wait a lil bit more then move your stop loss to breakeven or you can book pretty good profits
Like and comment how my ideas are helping you in taking trades
AXS money making machine ?Still a worh investing ?Hi, A lot of people was asking me about AXS analysis, a very strong NFT project, Recently online active players per day was about 1 million that is a large amount of active players, As you may have heard VISA accepted crypto this may boost NFT coins
Currently, BTCD is at its lowest point if it breakdown then we can see a lot of alts will start to pump,
if AXS unable to break down then you can buy now at 74-75 and DCA it at 66-68 but the best buy zone will be 65-68
Thanks
comment if you want me to create a separate without paying group for the tradingview community where i will share my ideas and market update free signals for quite some time,
Before that, i was not uploading content and my ideas on tradingview I was just lazy now I am taking it seriously to share my thoughts as you may have seen in my previous ideas how they go.
Symmetrical triangle in AXSUSDT* Axie infinity in 1H time frame forms Symmetrical triangle pattern.
* Symmetrical triangle occurs when the price consolidates between two trend-lines slightly sloping towards each other, the price is squeezed till it breaks the either side of the pattern.
* The upper trend-line works as resistance for the price and the lower trend-line as support.
* If the price breaks either side of the pattern we can expect a healthy move.
The big short on $AXS is coming!!As we can see the price of the axs still rising, in the last week we saw a huge divergence where the price continued the upside trend but the volume was slower and slower, for 3 times we saw the price up but the volume down so we can expect a big correction in the short term.
AXS correction happens soon.Hi every one
AXS /USDT
AXS has moved toward our Expectations and touched the 70$ Resistance which we talked about In the last analysis. we talked about Elliot waves as well as a Bullish Flag, But It seems that AXS wants to Obey The Elliot waves! as you can see the Resistance at 70$ was shown By Elliot waves couldn't be broken By AXS so we must Expect The ABC correction waves! The correction waves are Inevitable ,they Must Happen. As you might know The Trend will continue after The ABC correction waves are completed , so Expect a Huge Bullish Run after It. there is also a Regular Bearish Divergence (-RD) on MACD which helps our Prediction to be more True.
summery:
-AXS has moved toward our Expectations
-The Resistance at 70$ is touched just as we Expected
-Elliot waves seems to be working pretty well so The Price should start Correction From Here
-(-RD) on MACD which is of course a Bearish sign
-after ABC waves are completed The Price can continue The Trend (which is bullish right Here)
Previous Analysis:
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AXS Movement In near Future.Hi every one
AXS /USDT
AXS still has room for more Bullish Movements !as you can see we've put Elliot waves (12345) Impulse waves on the chart and the Waves tell us that the price has just finished the 4th wave and now on the way to the 5th wave .other bullish signs are Great as well! AXS is also in a Bullish Flag pattern and as you know If the price manages to break this pattern It can Increase as much as the Flag pole! another bullish sign is that there is a Hidden Bullish Divergence (+HD) on MACD which suggests that the price must Increase. so as you can see there are multiple Bullish Signs on the chart and If we consider the Elliot waves the price should reach 70$ but the Flag pattern suggests a bigger Price which is around 79.5$! so the price can reach the resistance zone shown in the picture. note that the ABC correction waves can happen after reaching the 70$!
Summery:
-AXS has multiple Bullish signs
-has completed the 4th wave of Elliot Impulse waves and is on the way of the 5th wave.
-Bullish Flag pattern
- (+HD) on MACD
-Strong resistance Between 70$ and 79.5$.
-correction can start from 70$
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Thank you for seeing idea .
Have a nice day and Good luck
AXS 12H We want to buy it, but now it's to expensiveToday we will update the idea of the AXSUSDT pair because the previous idea unexpectedly quickly worked out the upper targets.
Just look at the trading volumes, the abnormally strong interest around the NFT token of the Axie Infinity game — AXS, which means that we will often write ideas about it and trade on it.
However, now we need to understand: are they not selling out AXSUSD on highs at exorbitant prices?
To understand this, a correction is needed:
— If buyers stop the fall above $15.75 , this means that there are a lot of people who want to buy and there is no time to correct, only growth is ahead)
— According to the technique, correction is needed in the range of $10-12 , and if you know how to sit in a position for several months, then this is the first tasty purchase for you.
— If there is a negative phase in the market, then the fall will be even lower, to the $7-8 region, and this will be the second tasty buying zone for medium and long-term traders.
The indicative targets from above are $38 and $74, which we will adjust depending on the market situation.
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Simplifying Axis Infinity (AXS), Huge Upside potential setupHello! So let's break down the analysis:
Fundamental Analysis:
1. Axis is directly influenced by Bitcoin
Bitcoin dumps massively -> Axis dumps or consolidates
Bitcoin pumps -> Axis pumps slightly or consolidates
Bitcoin minor correction or consolidation -> Axis pump insanely, just like right now
2. Fundamentally, Axis growth is going exponential, the traded volumes are increasing greatly!! Very bullish sign. Adoption is insane.
Technical Analysis:
1. As we can see, Axis formed a bullish triangle, or if you consider the previous run, it made a bullish flag pole. these chart structures have 66% chance to break upwards.
2. The usual approach is, we take the pole length and put it where it broke out to find out rough selling target
3. As I studied the past chart of Axis, more than technical supports and resistance, Axis tends to follow Psychological S/R. So From that perspective Important price points are:
$50 - Support
$60 - Sell target 1
$75 - Sell target 2
$100 - Final Sell target
Cheers, Have a nice day!! Please comment if you have any question or feedback
💥AXS BUY SETUP - TO RISE BY 18%- 36%🚀Please support this idea with a LIKE👍 if you find it useful🥳
Buy level - $37.8 - $38.4
Stop loss - $36.8
Take profit 1 - $45
Take profit 3 - $49
Take profit 3 - $52
Right here Axie Infinity (axsusdt). As indicated on this chart, we have a symmetrical triangle with three (3) resistance levels and five (5) support levels
Price is making effort to test the support trendine to form the sixth (6th) support level before rising again.
Once this level has been tested, I expect price to bounce up, break out and rise to $45, $49, & 53 by 18% 28% and 36% respectively.
What do you think?🙋♂️
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