AXSUSDT
Axie Infinity Analysis, Jan 6This is what I think about Axie Infinity (AXSUSDT)
Three waves completed and now we are currently in wave 4th of Elliott waves
There are two places that can be the end of wave 4th and the beginning of wave 5th
It depends on breaks the trend line or not if it breaks then the second place can be the end
Anyway in my opinion this isn't the end cause I expect another bullish wave
To Infinity and Beyond! (Axie Infinity)Axie Infinity (AXS) was one of the first gaming tokens to go on a strong run with huge % gains. The most recent impulse movement began from Sept to Nov 2021 where AXS made an ATH of ~164 and increased by ~223% in that period. Since then, AXS has been trading in a descending channel where it has found good support at the 38.2 fib level which is often a strong area to buy after an impulse movement has occurred.
Assuming the support holds, AXS can trade toward the upper end of the descending channel and with enough volume, breakout of this channel with a mid-term target at the 61.8 level. In the case of an exceptionally strong impulse movement, it can target the 78.6 fib. Of course, all alts still answer to BTC (apart from a few gems...) so trade carefully.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
AXSUSDT-SHORTBased on technical factors there is a short position in AXSUSDT Axie Infinity
AXSUSDT Axie Infinity
Score 2️⃣
🔴Short Now or set on Key Level 96.35
🟢Target 1 94.40
🟢Target 2 92.80
❌Stop loss 97.00
#K_Level
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AXSUSDT Technical Analysis💎 AXSUSDT is moving along the descending channel. The price can go up to the upper band of the channel and in case of the breakout after the pullback it can go higher.
💵 Invest Only 5% of your Portfolio
🎳 Entry now or from 94.73 - 90.24
☕️ TP1 101.78
🍺 TP2 110.68
🍻 TP3 121.17
🍾 TP4 132.92
🍷 TP5 145.00
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 89.18 - 84.94
Good Luck 🎲
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AXS/USDT ChartHi, I try to post often so if you could follow, like and comment your thoughts it would mean a lot to me.
AXS is a great investment and is looking very interesting right now. In the short term a long seems the play to me because the coin didn't brokedown the 90$ support and is going to retest the 108$ resistance. The RSI on the daily chart is looking good and the RSI on the 4H is bullish. However if we saw a BTC drop we might have a retracement to the 90$ support again. Right now the long seems the move for me but if we have a strong red candle in the 86$-90$ a short is surely the right move.
For me this might be the time to long/short it instead of just buying a lot due the fact that we don't have the confirmation that we entered a bear market (BTC will decide that and when that happens I wil post it), so in my opinion a short term trade is the move now. Coins like AXS and FTM are investments that I think will have great potential on the near future because their ecossystem is always expanding (e.g. AXS announced a DEX that when launched can bring great value to the coin). Comment what you think.
AXSUSDT Daily TA : 12.28.21 : $AXSAll 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 ... #Requested_Analysis
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 28.DEC.2021
⚠️(DYOR)
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AXS/USDT - Potential 78% SetupHello Traders!
AXS continues within the uptrend.
The asset made a correction to the level of 0.618 by Fibonacci and found support near the price level of $92.50
To reduce the risk in case of a pullback, it is better to split the entry into two parts:
$100,00 - $104,50
$82,50 - $88,00
Stop-loss shall be placed under the price of $69.00
The targets would be levels of $150,00 and $165,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice