AXSUSD trade ideas
AXSUSD - Will it move towards $94?AXSUSD is around the important pivot of $73. Do you think it will reach the previous high of $94?
MACD on the 4H and Daily has just crossed the Signal Line and I am expecting more strength.
I appreciate if you write in the comments all your questions and instruments which you would like to see analyzed.
Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support.
P.S. It's important that you make your own analysis and trade within your risk parameters.
AXS, there may be a big Yang line.The following is the content of machine translation
Judging from the history of the daily chart, the long-term earthquake did not fall, and the big Yang line broke through the box.
The market has fallen sharply recently, and AXS can quickly pull the box, which shows its strength.
The currency circle generally fell yesterday, still maintaining an 8% rise.
Today stands above the 30-day moving average.
The energy column of the Macd indicator is about to strengthen the zero axis.
Based on the above analysis, it is expected that the big Yangxian will break through the box, which may be a consensus.
AXS might be entering Corrective PhaseBased on my Elliott Wave count (be I could do at least), AXS is entering wave A of the Corrective phase. My Fibonacci Extension is purely for visual aid, if my thesis is correct, once wave A is complete, it'll be easier to chart wave C, by simply plotting a 1:1 Fibonacci Extension (wave A equal to wave C).
I'm planning to carefully start laddering a Short position, keeping a close eye on BTC, since AXS has been extremely reactive to any BTC price action this week.
Looking at the Level 2 imbalance between Bid and Ask volume for AXS (FTX exchange) of about 40%, seems like the market is eager to sell. On a longer timeframe of 4 hours, MACD is beginning to fizzle out.
Ideally I hope for wave A to land somewhere in the 0.786 (~$61) region.
AXS breakdown & trend shiftIdea from few days back: Didn't reach short target within 75USD. zone.
Axie had phenomenal run during the summer months.
Bitcoin - pair rolled over too.
The 50 USD zone will determine how fast the uptrend will resume or if we head lower first.
Red trajectory is currently more likely.
AXSUSDT Technical Analysis
⏳ Spot
💎 AXSUSDT has broken above the resistance. It has also broken above the triangle which it formed. We expect a pullback to the pullback zone before it goes higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 80.000000
☕️ TP1 89.512260
🍺 TP2 94.000000
🍻 TP3 99.000000
🍾 TP4 105.000000
🍷 TP5 110.000000
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 75.000000
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
Modification to buy on sundays low strategy: exit on ATHWith 250% monthly performance AXSUSDT is the top performing crypto asset.
The strategy to but at sundays low on monday/tuesday is a low risk entry but to exit at an all time high is the key in order to be profitable.
This weeks entry I took not at sundays low but on saturdays POC as the market had higher low = the low of sunday will not like to be traded in the near term...