axie infinity squeezing axie had a huge first move potentially get another push on a break of this triangle, would like to see more tests of the top line of the triangle to confirm its resistance, also note 382 fib retracement
AXSUSD trade ideas
AXS/USDbuy the green line, sell the red line, until the lines break
RSI divergence could be a signal of incoming correction.
AXS Elliot+Gannnext 2 days potential 60$, possible with the stacked shorts if btc holds up.
purple box=area of demand and is where you wanna enter but may not be visited anymore as it appears to have been a 4th wave.
also broke out of it's pennant
Drop down to the level supportBuying at the support. Only if it drops down dramatically otherwise wait for another opportunity to buy
AXS short - RSI bearish divergence, Efi bearish divergence, MACD bearish cross.
- break of 13/21 EMA , bearish retest
- 3d swing failure pattern
- broke 3d support, now bearish retest
- no entry yet. waiting for daily close
- weekly candle has no downside wick -> with all bearish signs likely to revisit weekly open and lower
- invalidated at 3 d high, closing if 8h 13/21 EMA are reclamed
- adding on bearish 3d close
- first target area 8h demand zone
AXS short - RSI bearish divergence, Efi bearish divergence, MACD bearish cross.
- break of 13/21 EMA , bearish retest
- 3d swing failure pattern
- broke 3d support, now bearish retest
- weekly candle has no downside wick -> with all bearish signs likely to revisit weekly open and lower
- invalidated at 3 d high, closing if 8h 13/21 EMA are reclamed
- adding on bearish 3d close
- first target area 8h demand zone
AxsI read in a post some traders are heavily bearish on this one, but I see a flag and feel we'd see a push up. Its currently Trying to make a fifth wave. Whether its a full wave 5 or a failed wave 5, its direction for now is UP.
Please like and share if you find it interesting.
AXS/USDT, BTC/USD, Technical Outlook, Edition #66 (30/07/21)Bitcoin continues its consolidation under weekly resistance, USD 41-42K, and must close above the range by Monday 12 AM, UTC.
As mentioned earlier, the BTC/USD remains pinned down by the W1 20 EMA (GREEN), and BTC.D was likely to pull back from 49% before continuing higher.
Bitcoin, BTC/USD - 1 Day (D1)
Bitcoin, BTC/USD - 1 Week (W1)
Bitcoin Dominance - 1 Day (D1)
Conversely, if the bears manage to suppress the BTC/USD trading pair long enough and achieve a weekly close below major resistance, then USD 35K must hold.
Additionally, Bitcoin Dominance (BTC.D) primes itself for a bullish reversal to 55% total market cap dominance.
Bitcoin Dominance - 1 Day (D1)
We can see that 49% poses some minor resistance as BTC.D flips 48% into support. However, this pullback may give altcoins a small sigh of relief before selling back to their /BTC pairs in preparation for the next BTC/USD move.
Q-community voters this week request some TA on AXS/USDT. Thus, we see that a pullback is more probable than another extension higher.
Overlaying the Fibonacci retracement tool has identified the key pivot points below. Chasing these highs after some 2000% rally is borderline madness.
Axie Infinity, AXS/USDT - 4 Hours (H4)
Thus, let the AXS/USD pair consolidate and breathe a little longer before deciding to risk capital.
Q’s Conclusion
Bears seem to have given the bulls a hard rejection as this report was being published. It’s best to avoid too much exposure in altcoins, as typically, a BTC correction will also heavily impact altcoins.
See you again for the next update.
- q
AXS.USD (Y21.P5.E1).Short setup in the makingHi All,
As per the chart, many ALTS are following suite for a small shorting opportunity.
All the best.
S.SAri
AXS Very BullishAXS has transitioned through 2.618 without resistance
Sitting right on a major trendline also
This is a nice buy opportunity into the project
AXS - A Wave Unique To CryptoIn crypto there is wave structure that doesn't exist in standard elliott wave literature and AXS is a chart useful to show this.
Crypto volatility is much higher than markets observed by Ralph Elliott, especially in Altcoins that can be much more volatile than Bitcoin.
Higher volatility encourages different wave structure.
And there is a wave that only exists in the more volatile; Altcoins.
It has 3 sub-waves and is much more impulsive than a conventional 5 wave count.
Because it is a 3 wave I use "ABC".
It often has a ratio of 1:0.618 from A:C where the C wave is a blow off top.
With AXS - the higher degree ABC and the penultimate lower degree ABC both have the 1:0.618 ratio.
On the chart:
The A wave is comprised of two lower degree 5 wave impulses in a pattern called a "1-2,1-2".
The B wave is a standard 3 wave retracement.
The C wave is a surging impulse comprised from a lower degree motive ABC. It is much more volatile than the A wave.
The penultimate lower and higher degree C waves form a giganteum grand-finale $38 impulse.
- A motive 3 wave unique to crypto.
Bearish on AXSFeel like a bear coming to me at AXS.
Will short here until price break 43.5 and make this invalid.
AXSBTC and AXSUSD Side by SideI will be discussing this further when I goLive Thursday July 29 @ 3pm EST
Check out the related idea for some insight on Smooth Love Potion: SLPUSD
I am wishing you peace, love, and a good life.
Short AXS RSI levels on the 1hr/4hr/daily are unsustainable levels I could be wrong this is either going to make me a lot of money or lose a lot but risk reward is perfect imo eyeing for 26 dollars TP but will cut risk at 31 dollars Entry 38-39 stoploss 41,9
💥AXS ROSE BY 125% IN 3DAYS, 846% 1MNTHPlease support this idea with a LIKE👍 if you find it useful🥳
This chart clearly explains AxS coin percentage increase in two days (July 20th - July 23rd) and one month (June 23rd - July 23rd).
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
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AXIE INFINITY THE NEW ETH? :) I have proof AXS is grwing fast and its gonna be bigger. around $22! $65 i garrantee in sept! But it will reach over $100! i buyed 18424 AXS when it cost around $3 so its 204% profitt and groving! For more only 20 bucks for life.
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ready for ?The support range of 14 dollar is very important for axie and if it is well supported, it can climb up to 36 dollar, otherwise we will see a dangerous range of 8 dollar.
