AXSUSDT
AXS/USDT: Last drop expected before bullish reversal---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
AXS/USDT: Last drop expected before bullish reversal
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets AXS suffered about negative global market situation especially the recent underperformance in Metaverse industrie
- AXS is expected to do a last drop in excess to triggered the bullish divergence on going.
Market configuration
- Graphical Elements :
Graphical Resistance = 54 & 166
Graphical Support = 13,50
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 35,40 = Bearish
RSI indicator (below) is on going divergence = Bullish reversal
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) is set at = 17,90
Fibonacci resistance of the wave in progress = 35
Fibonacci support of the wave C (B)(max extension) = 13,50
Fibonacci Bullish Target = 54
Conclusion
Preferred case => Regarding the mid-term element, AXS is expecting to print a last drop before reversing up sharply as long as 13,50 remains support in order to test and surpass 35,00 first before reaching 54,00
Alternative cases => Breaking 13,50 a significant drop will open the door towards close 0 = crash
📈AXS: the DUMP is still possible! But what after this?Axie Infinity is the famous game-fi project and top gainer of 2021. Ans it`s a problem for the price because lot`s of retail traders buy this coin and now almost liquidated.
The liquidity collection under the key level of $12.20 is highly possible. Why it could happen:
1. Lot`s of coins were bought in the $19-22 accumulation area. The horisontal volumes confirm it.
2. Additionally, the whales sell lots of AXS at the previous pump. Maybe, some traders don`t want to miss such "opportunity" and trade without trading strategy.
The volume indicator confirm this big buy also.
This both number of long traders become the fuel for such dump.
After the false breakout of key level and squeeze to the trendline the breakout is highly possible.
The targets for this trade:
1. $16.4 - key level
2. $19.5-22.4 - this value area become the huge resistance for the price.
Bloomberg said that the game is almost scam because dont want to pay it`s players. How do you think, if the famous news write about some coin news it`s a first bullish sign? Write in comments your thoughts about AXIE.
💻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 (Axie Infinity Shards) - AnalysisHello to all members of TradingView and my followers.
AXS is still on a downtrend; this is the ninth week in a row that candles have been recorded on the chart. The price is falling again towards the lower support, reacting to its resistance in the range of $ 23. The first support is $ 16.85, and the main support is $ 9.86 to $ 14.4, which is expected to hit the second support due to the high pressure of the downtrend. This support is for weekly timeframes, a full reversal, and the start of a new uptrend. The price can even drop to $ 10.
Even if the bearish line is broken, we expect a bearish trend between the weekly support and the $ 25 resistance in the medium term. The Ichimoku indicator in the daily timeframe has not yet issued a signal of price growth. It only indicates that the first support is the range associated with the reaction. But in the 4-hour timeframe, if we see a return above $ 18.5, I expect the price to rise to around $ 21.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
AXS - Someone is collecting a big positionReasons to take short
⭐️ We are in a bear trend
⭐️ Level is clean
⭐️ Level is 13 days old
⭐️ Volume at top
⭐️ Pullbacks are getting smaller
⭐️ Trading near the level for a couple days
⭐️ 4th touch
⭐️ 40 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
AXS - Example how one candle can change direction of a tradeFollowing my last idea on AXS, where I wanted to short this formation, now I am looking to long it because of the candle down with wich marketmaker collected liquidity.
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
$13 by July - DAU is down to 580k playersSee by the graph we are approaching $5 to $13 by July.
I am worried the APY is 100-500% which is higher than what Luna was offering. Just be careful when APY is very high. When everyone pulls out it can crash quickly.
Player numbers are down to 580k and losing around half a million per month or approx 100k per week.
There is no money to earn playing the game so it is just for fun now.
Inflation is 20:1 on SLP token which is approx minting 30M to 3M which is 10 to 1 ratio. That ratio of inflation is unsustainable in any system.
DYOR
Trading opportunity for AXSUSDT Axie InfinityBased on technical factors there is a long position in :
📊 AXSUSDT Axie Infinity
🔵 Long Now 19.75
🧯 Stop loss 18.70
🏹 Target 1 20.20
🏹 Target 2 20.80
🏹 Target 3 21.50
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
AXS - Buying signalBINANCE:AXSUSDT
1 Hour chart
-
AXS is accumulating volume and squeezing candles for a while.
It is getting resistance from downtrend, and approaching to the downtrend again.
If 1H candle can take out the downtrend, it'll be good timing to open long and have nice risk/reward ratio here.
-
Targets:
1) 20.63-----blue horizontal ray.
2) 21.19-----Fib 1
3) 21.66~21.85-----Fib 1.272~1.382
Stop loss:
1) 19.76-----red horizontal ray
btc pricehey guys, nice to be back, as I said about 6 months ago, usdt dominance is coming up and the crypto market is falling badly, and I said I expect BTC to hit 28000 and the price was about 60000 back then, now usdt dominance was very high theese days and I expected a nice grow and Green candles in the market, tell me what u think... cheers
AXSUSDT - Bouncing From Strong Support | +25% Move ExpectedAXSUSDT - Bouncing From Strong Support | +25% Move Expected
AXSUSDT is now trading on its very strong support zone 17.62 and has created a Morning Start Pattern.
We can open a long position now;
Entry: 18.42 - 18.65
TP1: 19.50
TP2: 20.57
TP3: 21.84
Final Target: 23.56
Low Risk: 17.56 | 4.67%
High Risk: 16.20 | 12.5%
Expected ROI: 25% - 27%
NOTE: Do your own analysis. Take a low risk. Do proper risk and money management. Respect your stop loss.
✅GMT: will the Axie pattern repeat or GMT is a SCAM?Hi friends!
As we all know the 👟GMT fall close to the $1 key level because of 2 main reasons:
1️⃣ a lot of game tockens were minted. Green Satoshi Token (GST) is a gaming token of Stepn APP:
🔶GST supply on May 21 was 3.58M.
🔶GST supply is 52.9M now .
The supply increased by 1477%, which is a lot and led to a fall in the price of Stepn itself.
2️⃣ China start blocking the Stepn app on July 15. This happen due to the regulation of cryptocurrencies in the country. Naturally, this caused panic among the Chinese, massive sales and collapsed the price of the cryptocurrency by 26%. Recall that the Chinese are the main part of players in the app.
Axie and Stepn have fallen similarly after Bitcoin's fall, but will GMT repeat the AXS pattern of 2021? It would be ideal to wait for a similar trend line and open a long on a breakout. After the 80% drop, when reatail is scared and squeezed under the trend line, it would be possible to open a similar to AXS long.
📊Let's compare this two games:
1. There are actually a lot of people playing in Axie Infinity. There's a developed ecosystem, it's more than a few years old, the game is constantly evolving.
2. GMT looks like a pyramid scheme and it might scam at any time.
Friends, if you want to trade, please use the stop losses, because this is the main thing in trading that allow you to be succesfull for a long long time.
If GMT repeats the AXIE pattern, I will be posting trading setups in new updates and ideas, so stay tuned!
💻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/USDT 3HR CHART UPDATE!!Hello, community members welcome to this AXS/USDT 3HR chart update.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the chart mentioned above that AXS/USDT broke the triangle pattern at the price level of $21.25
And pumped almost 12%.
AXS unable to sustain the price level of $21.25 and lost almost 14% from the top.
Now AXS is retesting the triangle pattern and can bounce any time towards the price level of $28.
Here we can take entry in futures or at the spot for almost 35% - 40%.
TRADE SETUP
Entry - $20.30 - $20.60
Target - 35% - 40%
Hold on spot or use leverage 5x - 10x
SL - $19.25
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you