AXSUSD
AXS/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
The counts were a bit off; wave 5 top was a lot lower and we've been correcting since then. The bottom also went a lot lower than predicted. We should be moving back up to the bigger wave (3) cycle.
Axie infinity got a triple bull storm brewing. Much like ethereum, Axie Infinity has an Adam and Eve double bottom, a larger standard double bottom, and an inverse head and shoulders all rolled into one. Unlike the ethereum inverse head and shoulders, the one here on axie may not be valid as it does appear that the right shoulder has a slight wick lower than the wick of the head…but if the inv h&s pattern on this one is not valid, we should still reach its target and beyond on the way to both of the double bottom targets… unless of course some major black swan event were to occur and cause a massive sell off. Barring that, probability is favoring the bulls on this one. *not financial advice*
AXSUSDT - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 37.6000, beginning of uptrend is expected.
We make sure when the resistance at 91.0875 breaks.
If the support at 37.6000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 44.42 on 2022-01-24 and the trough at 41.9 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI resistance #1 at 51 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 41.9000 on 02/24/2022, so more gains to resistance(s) 65.1427, 83.0000 and maximum to Major Resistance (91.0875) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 68.
Take Profits:
65.1427
83.0000
91.0875
111.6055
120.4969
138.8161
166.1540
220.0000
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AXSUSDT - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 37.6000, beginning of uptrend is expected.
We make sure when the resistance at 91.0875 breaks.
If the support at 37.6000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 44.42 on 2022-01-24 and the trough at 41.9 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI resistance #1 at 51 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 41.9000 on 02/24/2022, so more gains to resistance(s) 65.1427, 83.0000 and maximum to Major Resistance (91.0875) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 68.
Take Profits:
65.1427
83.0000
91.0875
111.6055
120.4969
138.8161
166.1540
220.0000
❤️ 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 ❤️
AXIE INFINITY! THE $50 SUPPORT LEVEL WORKED OUT.Since November 2021, we have seen most cryptos and altcoins, even Bitcoin concede downtrend movements..
Price has continued to move to the downside here on AXS, but the support level at $50 has been holding strong so far.. We've seen price bounce multiple times from this key level.
Would we see a bullish rally?
Well, we might want to wait for uptrend structures to confirm a bullish rally. But we must understand that "buying the dip" is important at this time.
The all-time high is priced around $163, so picking up AXSUSDT here at $50-$60 is really reallyyyyyy cheap, basically at a discounted price.. I'm long on AXS. I'll be waiting for a new ATH.
Trading Signal For AXSUSDT Axie InfinityTrading 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 47.30
⭕️SL @ 44.25
🔵TP1 @ 56.10
🔵TP2 @ 67.70
🔵TP3 @ 90.95
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
AXS, trendline BREAKOUT with potential target!Axie Infinity (AXS), the top Game-Fi crypto token, is in a downward trend.
A trend line has formed on the chart and the price is starting to squeeze under it. This, of course, shows the strength of the bulls.
Also, a descending wedge has formed on the chart, which is a bullish pattern.
A possible target for this movement is the key level of $49.50, where a good chance to close your long position.
Friends, press the "like" 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.
$AXS - To Reach it's Bullish Order Blocks Early in the Week. SMT*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
It Appears AXS is heading towards the Order Blocks it formed on 2/23. We should See the price get down to these levels (Entrance 1 45,58 and Entrance 2 (if gets there) 43.30, this should possibly have some consolidation to trick retail traders into selling off when it should then take everyone by surprise and rise to new higher levels which I belive will be in the 162% Extension of the original wave which is also neathe bearish Order Block of nearly $60.
I see it as this
Breaking through both sell side liquidity points as it created a "Support Area" Which is an area that people will chase up until it turns around and goes agaoins those retail traders. Then we should see it finally move in the direction thast it should, hopfully gettting no lower than it already has in CoinBase.
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AXSUSDT, The market dont have enough power for risesHello everybody
I hope that everyone took our previous signal that we published and told anyone can take short on axs at 100$ and took nice profit.
AXIE (AXS) is one of the most popular project in crypto and in NFT market be consicious on it and watch it ...
According to the chart and our previous serial analysis the price broke the upward channel and now its trading in outside it and according to the key level that we published it in last analysis of AXS we shown on chart the zone that is more important and sensitive for the price and now as you can see the candles has not enough power for the rises and we expect the price can drop and break this support level and after some pullback its ready to dump more to reach to the next support zone area.
Please becareful and do not enter in position without observe your own strategy, and observe your capital management, this is market and everything can be happen.
Be with us and reign
Good Luck
Abtin
Previous analysis :
💥AXS FALLING WEDGE - TO FALL TO $45Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Right here is a falling wedge pattern with two reliable support zones on the trendline and two reliable resistance zones on the trendline.
Price just tested the inner trendline resistance zone and it’s making it way down to the lower trendline within $45 - $47.
Therefore, I expect a fall within this price range.
What do you think?
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