Crypto AXS USD (Can the parabolic move sustain?)Crypto AXS USD (16 July 2021)
This crypto is on fire as many are joining the fun by playing thr NFT game.
Now . $27 region is proven to the resisting factor and profit taking/Bear may come back if the price couldn't break UP that region.
By then, we shall see Bear candles soon. Ending today candle with the Bearish tone will be a good start.
My analysis is no longer valid the price stays above $27~$30 region.
Let's see
DYODD, all the best and read the disclaimer too.
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AXSUSD trade ideas
AXS Looking goodAXS vs USD
Hit the pattern completion zone PCZ a few days ago
There's hidden Bullish Divergence on the 4hr, a powerful indicator of seller exhaustion
Tons of consolidation from the Composite Operator leaving acquiring his position
So, if it walks like a duck, talks like a duck and quacks like a duck.....
DYOR
AXSUSD (AXS) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- AXSUSD is consolidating in a symmetrical triangle pattern.
- Price is retesting the symmetrical triangle's inclined support.
- The minor downtrend is resisted by the descending trendline resistance.
- Price action is printing an ascending triangle pattern at the retest area.
- An ascending triangle pattern is a bullish build up pattern.
- There's is a bounce off potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance and the descending trendline resistance.
TARGET 🎯
- Symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
AXSUSD DOWN AGAINHi Everybody,
I hope you have made profits after Bitcoin incessant rise for around two month.
It seems that AXSUSD has recently started its downward way after reaching local top with a strong divergence.
The targets are visible on the Charts. Do not forget to put stop loss to save your money.
=> DO NOT TRAD ON THE IDEA UNLESS YOU HAVE YOUR OWN CONFIRMATON. <=