AXS - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AXS rejected our green demand zone and traded higher.
AXS broke the last minor high in orange, and the two upper trendlines (orange and red)
Thus, the bulls took over from a medium-term perspective. and the first blue projection is considered our first impulse of the bullish trend.
We are currently in a correction (in purple), and waiting for the bulls to break the upper gray area for the bulls to take over from a long-term perspective and the next bullish impulse to start.
Meanwhile, until the bulls break above the gray area, we are in a short-term correction phase that can trade till the green zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AXSUSDT
AXS - Buy it when break out this lineBYBIT:AXSUSDT
4H trend chart
-
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.
-
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
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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 long position 🚀As I mentioned in my previous analysis ✔️
the price has broken the descending channel to the upside and almost hit the first target 💣🐋💣
and now we expect more gain 🚀
and
our other important resistance area located on the chart ✔️
if
the price breaks the upper resistances, we will see more gain 🚀🚀
before more gain, we can expect brief correction to the downside ❌🧨
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Axie Infinity , Buy or wait ❔❕🔖One of the most popular coins among gamers axie infinity after its price explosion and amazing climb in recent months. Now, like the rest of the market, it has entered a correction phase and has dropped to $ 45
📌 It has now reached its important bullish support area
It is also fluctuating near downtrend line
The price is expected to break the trend line around $45-50 and move to $70-80.
💎 We have to see if Bitcoin can maintain 40k level given the current situation
axie I think can start its upward movement
➖➖➖➖➖➖
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #AXSUSDT ( Axie Infinity )
💹 Time Frame : Daily
🔵 Personal Opinion : Long
🎯 Next Targets : $66 — $72 - $83
👤 Saeid.Mahbob
📅 3.Mar.22
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SLP/USDT strong potential in parallel of AXS bullish momentumSLP/USDT strong potential in parallel of AXS bullish momentum - NFT Sector
Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies
SLP is also unique because of how it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens
Context:
Regarding the lake of historical data it for now not possible to present picture with a strong conviction - However the few technical elements and wave proportion can already leaning towards an interesting upside potential in parallel of the success on AXIE
here the view on Axie =>
Tactical view - 1 to 3 weeks
The fact that 3 key elements (EMA upside breakout, RSI 50% upside breakout and first Harmonic on 3H basis upside breakout) are already bullish pre-signal allow us to be confortable with a larger rise at least to test 0,0910 in order to complete the harmonic auto-similar move (action/reaction). The next target above 0,0910 are more to be consider for a strategic horizon once 0,0910 has been surpassed at least in a daily close.
As long as 0,0125 remains a key tactical support valid the market is expecting to accumulate bullish momentum in dip (area possible 0,0215/0,0150) to reach 0,0910
Enjoy