Axie Infinity (AXS) formed bullish Butterfly for upto 128% rallyHi dear friends, hope you are well and welcome to the new update on Axie Infinity ( AXS ) token.
Previously we caught more than 54% pump of AXS as below:
On a daily time frame, AXS has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
AXSUSD
AXS strong resistanceIn the four-hour chart, AXS is under relatively strong selling pressure at 10.245, and the price has large price action here.
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At present, AXS is in an upward trend. If it does not fall below the trend line and the previous low of 7.610, it has a chance to break through 10.245.
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After breaking through 10.245, focus on the upper target:
11.825
13.040
14.760
15.840
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AXS's price reacted to the resistance rangeAXS's price reacted to the resistance range of $11.78 to $12.50 after successive collisions.
The resistance for which it is intended is the range, the breaking of which could change the trend in the daily time frame from range to bullish.
But the solid negative reaction observed to this level has caused the movement to range between this resistance and support from $8.40 to $9.40. Also, the 50% retracement Fibonacci retracement was just within the designated support area, reinforcing this level.
So as long as this range is maintained, there is potential for further growth and breaking the resistance ahead. Also, in case of breaking and continuing the upward trend, higher targets range from 18.5 to 20 dollars.
AXS LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the AXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AXS broke through its important resistance in the $10 rangeIn the last 24 hours, AXS broke through its important resistance in the $10 range with a growth of more than 40%. This resistance placed exactly at the ceiling of the range channel of the daily timeframe has become a good support, and we can expect a positive reaction in the pullback to this level. Note that the price of this currency is close to the ceiling of the main descending channel, and a negative reaction has accompanied the $14.31 resistance area at the ceiling of the descending channel. If more reaction is observed, reversal patterns can be formed. But if the support of buyers continues and this resistance is broken, the possibility of a further price increase to the range of $16.83 to $18.39 will be provided. We expect a stronger negative reaction from this resistance.
Axie infinity heading towards top trendline of bearflagIf it were to break upwards from its bearflag like we have seen other cryptos in a similar pattern do recently such as solana its measured move breakout target is over 6x! No guarantee it will though and often times after several cryptos have already hit their break out targets the alt coins that are lagging behind don’t always hit their full targets. A correction is bound to happen in the near future after such a pump so must tread carefully on this one..I was dollar cost averaging and bought a decent amount the current low so I’m good no matter which way it heads. It is clearly mirroring the bearflag pattern seen on other game based alts like gala, sand, mana, and then also ones found on solana and qnt. *not financial advice*
4-hour uptrend channelThe price of AXS has not yet taken an uptrend in the daily timeframe, we have an uptrend in the 4-hour time frame, and the price is in an uptrend channel. The bottom of the channel is in the $8 range. If the pullback is deep and reaches this area, we can expect a retest of the $10 resistance if we see signs of reaction. Currently, the first support that the price has reacted to is at $8.65. If the midline of this uptrend channel is broken by the close of the next daily candle, a deeper correction to the specified levels is expected.
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.
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.
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!
AXSUSD Big pump on but nothing changes until this breaksBig rebound on Axie Infinity since yesterday but it is nothing we haven't seen before. The price did break above the 1D MA50 but remains within the 1 year Falling Wedge. The one line that hasn't been broken or even tested since January 5th is the 1D MA200 . A break above it, being near the top of the Wedge, and AXSUSD is off to its new bull market.
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Axie Infinity to $2050: King of NFT Based Video GamesAxie Infinity's all time wave structure suggests that the NFT based video game is due for a major run. Based on the science of Elliott Wave Theory, I believe AXS has one of the cleanest and perhaps most undeniable setups.
Can a 11000% increase in value really manifest?
:)
AXS has recorded extreme fluctuations!During the last week, AXS has recorded extreme fluctuations, so these fluctuations are unprecedented in the history of digital currencies and unprecedented in the history of transactions of this currency. Its high intensity can be seen even in time frames of less than 5 minutes. In the first place, due to the strong increase in demand, the price of this currency registered a stunning growth from the range of 6.5 dollars and reached 18 dollars.
But later on, due to very heavy selling pressure, we saw the price return to the starting range of the upward movement. Due to the downward trend of the overall market and more selling pressure that occurred on this currency, the price decreased to the range of $4 for a few minutes. But then the price of this currency returned to the range of 7 dollars. In the rest of the week, the fluctuations between the support of 6.5 and the resistance of 7 dollars have continued. Therefore, the reason for the formation of one of the daily candles with very long shadows on both sides is these extreme fluctuations.
But in the last daily candle, selling pressure is seen again, and the price returns to the low support. The first support for AXS is in the $6.80-$6.90 range. The second support will be in the $6.5-$6.40 range if this level is broken. But if the second support breaks, increased selling pressure could push the price to a new bottom in 2022, which could be considered the $5.30 area.