AXSUSDT
AXS LONG TRADE - AXIE INFINITY Our favourite volatile trading alt finally broke up from the symmetrical triangle and ready to retest ATH!
Take profit in three stages, TP1 $155 (ATH). If bulls take charge and momentum continues then next targets are TP2 $171, TP3 $232
*NOT FINANCIAL ADVICE
**ONLY TRADE WHAT YOU CAN LOSE
$AXS to the moonAxie Infinity Shards is just about the easiest trade you can make right now.
The market still hasn't caught up to the fact that it's the second highest revenue producing protocol - alone this should place it in the top 10 market cap.
With fundamental bullish catalysts like the Ronin DEX and Land gameplay coming out in Q4 it's certain to reach new highs. Additionally, AXS staking continues to lock up an increasing amount of supply with ~30% currently staked, and yet APR remains in the triple digits.
From a technical perspective it looks amazing as well, a clear pennant has formed. Fib extensions are for possible targets but I intend on holding my stack much higher than any of the prices shown.
I want to write more but I think I'll just do a thread instead. Best of luck.
# AXS looks pretty good here _____AXS looks bullish. The chart is showing a symetrical triangle on 1D and 4H. We will see a breakout in upcoming days.
If AXS break the resistance trendline the next resistance after breakout is 141$ levels and 144$ area.
If AXS unable to break the triangle then we will see a retest of 115$ - 122$ support area. Wait for a breakout or rejection from there.
*DYOR*
Bullish flag in AXSAXS is one of the coins with lots of hypes around it which makes it to have a lot of potential to grow. As it can be seen in the chart, an obvious bullish flag is formed (just as in text books!) so we can determine its target by the pattern. Besides, due to recent huge flow of money that entered the crypto and the current market cap of AXS, which is about 8 billion, expecting a strong move to upward is completely expected.
Target: 180
Is AXS Bullish or Bearish?Hi guys.
I'm here again to talk about the hottest NFT game in the Market. $AXS over the past 2 months had shown us huge rallies as Sky Mavis released AXS staking. I've been leaning towards bearish bias as AXS has formed a bearish harmonic pattern after it peaked at 154 dollars.
The latest maintenance recently took some hiccups as it took longer time to finish the updates. AXS still in consolidation on what appears to be a bullish pennant. the apex of the pennant ends at Oct 27, so we will likely see a break out from it sooner. While bias is leaning on the bullish side, a break below the lower trendline will result to a deeper correction to 80 dollars which is about 35% decrease from its current market price. A break however at the higher trendline will confirm the flag pennant pattern and will likely result to an 80% rally towards 230 dollar level.
The succeeding 4 hours is important as we are about to finish a daily candle close. A candle close higher than yesterday's candle close will result to a bullish engulfing candle pattern and will likely propel AXS to break out from the pennant.
So that's it. Bull/Bear but bias now is leaning towards the bullish side.
Let me guys know what you think about it in the comment section.
Till next time.