AXS's price reacted to the resistance rangeAXS's price reacted to the resistance range of $11.78 to $12.50 after successive collisions.
The resistance for which it is intended is the range, the breaking of which could change the trend in the daily time frame from range to bullish.
But the solid negative reaction observed to this level has caused the movement to range between this resistance and support from $8.40 to $9.40. Also, the 50% retracement Fibonacci retracement was just within the designated support area, reinforcing this level.
So as long as this range is maintained, there is potential for further growth and breaking the resistance ahead. Also, in case of breaking and continuing the upward trend, higher targets range from 18.5 to 20 dollars.
AXSUSDT
AXS/USDT | Pretty Solid Descending Channel Consolidation..!!
#AXS Looks Promising here 🔥
Pretty Solid Consolidation in Descending Channel, Seems like Bottomed out & Ready to Fly.
In Case of Breakout, Expecting +400% Bullish Rally in the Midterm..🏄♂️
It's important to maintain a Disciplined and Patient approach to investing in order to achieve Long term Success.
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AXSUSDTI see a Bull Flag breakout forming in the Daily chart of AXSUSDT.
Bull flags are usually a continuation pattern but I'm waiting on next daily candle close above the resistance to confirm the bullish breakout.
The volume is increasing with it so it's possible to continue the bull trend it started.
Both my take profits are shown which are major resistance zones.
AXS LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the AXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Can bulls do it?Hello every one
Today i want to share my idea with u.
On the 3-day time frame, we notice the intersection of the upper part of the descending channel with the red horizontal resistance
This intersection (yellow zone) indicate a strong resistance for the bulls to break it
Keep your eyes on it.👀
We expect a breakout to occur soon, and if this happens, we expect a strong rise of 300%
Don't forget to support us with ur like and follow me for more updates.💙
Good luck👌
AXS: Overbought at ResistanceAxie Infinity (AXS) technical analysis:
Trade setup : Bullish breakout from Descending Triangle was confirmed with a breakout above $10 and 200-day moving average. Price is now approaching $15 resistance and is overbought (RSI > 80). The recent big move comes ahead of a negative catalyst in form of an upcoming token unlock.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10, which it broke, then $15, and $20.
AXS broke through its important resistance in the $10 rangeIn the last 24 hours, AXS broke through its important resistance in the $10 range with a growth of more than 40%. This resistance placed exactly at the ceiling of the range channel of the daily timeframe has become a good support, and we can expect a positive reaction in the pullback to this level. Note that the price of this currency is close to the ceiling of the main descending channel, and a negative reaction has accompanied the $14.31 resistance area at the ceiling of the descending channel. If more reaction is observed, reversal patterns can be formed. But if the support of buyers continues and this resistance is broken, the possibility of a further price increase to the range of $16.83 to $18.39 will be provided. We expect a stronger negative reaction from this resistance.
LONG Possible Cloud Breakout IncomingAXSUSDT Long ! I suggest spot because it has some very aggressive retracements that could get you stopped out from your position. So spot AXS with targets from 10 upto 14 !
To confirm our strong buy bias we need to see first a breakout of resistance as highlighted in the graphic.
Ichimoku Cloud breakout incoming in the coming days! Wait for all lines pointing upwards before getting in ☁️
Happy trading!