[ALTCOIN] AXSUSDT TREND LINE ANALYSISHello, everyone
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Chart Analysis Content -
#AXSUSDT Analysis
#AXS #AXS Trend Line Analysis
AXS is still trapped in the pink line, which is on a sharp downward trend.
I tried to pierce the pink line, but it looks like I'm going to fail the test.
If the test is successful, it will soar along the sky blue line, which is a sharp upward trend, and eventually settle on a bold blue upward trend.
Safe trading is when the blue bull market is on the rise and a test is successful.
AXSUSD
Trading opportunity in AXSUSDTBased on technical factors there is a long position in :
📊 AXSUSDT Axie Infinity
🔵 Long Now 32.80
🧯 Stop loss 26.00
🏹 Target 1 37.00
🏹 Target 2 45.00
🏹 Target 3 61.00
💸Capital : 1%
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AXS still not have show the effect - THE BREAKOUTAXS is depending on most of the study trading skills and signals on important trends for a breakout.
Since the last updates 2 days ago - AXS looks still not to make the expecting move
Why is this?
First of all, the breakout could take some more time - and AXS checking also the market changes of BTC
Depending on the study there are more reasons why AXS should breakout, only the market has not confirmed it yet - for this reason, it's interesting to follow the trend to see or there will come setups that could get this coin into uptrend.
At this moment - AXS is also into the breakdown trend for the low time - and for this reason, it's only interesting to check it out.
The levels will stay still the same the 53-55 target and the 69 Target.
The above models are the expecting frames, which means there is no guarantee it will happen 100%
It's important to study all-time you trades well before entering any market.
It's always important to check the markets on all sides - markets can change all time.
GMT Repeat Same history as AXS infinity. GMT Repeat Same history as AXS infinity did.
AXS highest price was $166 per coin at that time Market cap was 9.75B of USD. Huge number
GMT current price is $3.16 with a market cap of 2B of USD. That means if this coin repat same history it could make an additional 5x. To reach a 10B market cap.
I think We can trade this coin during significant pullbacks because so many people bought a LOT of coins during IEO.
at $ 0.01 per coin rased $ 4,200,000. That means every dollars is made 321.98x ( +32,098.1% ) of profit.
PRIVATE sale. Price per coin was $ 0.005. Raise $ 5,000,000. Current RIO 643.96x ( +64,296.1% )
Friends, it's huge numbers. That means when the lock-up period will end part of people will sell their coins to the market.
that's why when u trade ALWAYS use STOP Losses. And book your profit as i mentioned in a video.
Axie Infinity bullish? Maybe, and this is why.Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy
Axie infinity technically looking neutral at the moment. At least, until early/mid May.
The 4hr Candlestick chart suggests the same pattern could be repeated with a fake high in few days maybe, then early/mid May we breakout bullish probably UNLESS the 45 support level is violated prior.
RSI indicator suggesting the same pattern as well.
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.
AXS IS SITTING AT THE LOWER BORDER OF A CHANNEL. Overall, cryptocurrency has been CONSOLIDATING and this is a reflection of BTC as the leader of the market.
AXS experienced some massive ride up before falling to the present level.
Do big question is: what is going to happen from here?
I AM BULLISH LONGTERM.
Share your thoughts, comment, like and follow for more ideas.
Axie Infinity (AXS) - April 10hello?
Traders, welcome.
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(AXSUSDT 1D Chart)
(buy)
- After confirming the support around 53.50
(Stop Loss)
- When it falls below 45.62 and receives resistance
(Sell)
- When resistance is received in the section 53.50-78.21
- When receiving resistance near 97.50
A whipsaw is likely at 53.50-78.21 as the indicators at 53.50 and 78.21 are inverted.
A move above 97.50 is expected to trigger a surge.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (66.73).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 74.56
TP2= @ 79.67
TP3= @ 84.25
TP4= @ 90.96
TP5= @ 97.94
SL= Break below S2
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💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (66.73).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 74.56
TP2= @ 79.67
TP3= @ 84.25
TP4= @ 90.96
TP5= @ 97.94
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trading Signal For AXSUSDT Trading Setup:
There is a Trading Signal to Buy in AXSUSDT Axie Infinity
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 57.96
⭕️SL @ 52.92
🔵TP1 @ 70.3
🔵TP2 @ 81.3
🔵TP3 @ 93.3
#Pullback_Strategy
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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AXS - Buy it when break out this lineBYBIT:AXSUSDT
4H trend chart
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AXS is consolidating and converging.
It's good for it to accumulate around $65
If price can break out the downtrend line, trading strategy as bleow.
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Profit Targets:
a) 74.5----Fib(1)
b) 80.995~83.625----Fib(1.272~1.382)
c) 89.260----Fib(1.618)
d) 98.385----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
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