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AXSUSDT trade ideas

AXSUSDT Potential Short-Term Trend Reversal💎#AXSUSDT is finally showing higher highs and higher lows, indicating a potential shift in the short-term trend towards bullishness. However, it's important to keep in mind that the long-term trend remains bearish, as #AXS is still within a descending channel. 💎When looking at the support and resistance levels, price has been oscillating around the 50% Fibonacci support throughout the week, with bulls successfully defending this level so far. On the other hand, the $6.5 resistance level has been held by sellers. Considering these factors, it's reasonable to expect range-bound trading in the coming days. However, given the proximity of the price to the Fibonacci support, buyers may find a favorable risk/reward opportunity. 💎Bullish invalidation would occur if there is a break below the recent lower low at $5.4, while the next key resistance level is at $7.1. The significance of the $7.1 resistance is derived from its confirmation by two Fibonacci retracement levels, the Volume Profile indicator, and its alignment with the top of the descending channel. Stay vigilant, Paradisers, as we monitor the dynamics of #AXSUSDT and await a decisive move that will shape its future trajectory.
Long
by MyCryptoParadise
2
AXS/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the AXS/USDT trade setup. AXS looks good here. Breaks out from the cup and handle pattern in 4hr time frame and currently retesting the neckline. After this successful retest, we can expect a good 30-35% move to the upside. Long some here and add more in the dip. Entry range:- $6.10-$6.25 Target1:- $6.80 Target2:- $7.44 Target3:- $7.86 Target4:- $8.30 SL:- $5.90 Use low leverage (5x-6x) If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
✴️ Axie Infinity | Going Down Or Still Bullish? (Let Me Explain)We have a situation with Axie Infinity and this is valid also for other altcoins, so please, allow me a few minutes to explain. (Make sure to like/boost, comment and follow) Let's get started! Currently, we have a strong bounce on the initial recovery after the mid-June low but here we see a rejection at EMA50 and prices also moving below the Nov. '22 support, this is worrisome. Now, the market needs time. The Altcoins need time. The pairs need time. The multiple months long low is a strong move and once such a deep hole has been created, a relief rally is expected in the least. Prices can't grow straight up so we should expect to see some kind of fluctuation. The bullish signal comes from Waves, Bitcoin Cash, BitcoinSV, Bitcoin, Ethereum, Aave, OMG and all those pairs that produced this same exact pattern but already moved ahead. While these pairs are stronger, if we have patience, we can see the others resume growing in a matter of days. "What one does, the rest follows." In the case that things go wrong, we always have a plan and so close a position/trade if prices move below support or buy more as an accumulation strategy, your choice. Just explaining this situation because I know things can change fast and also moods but short-term moves are only noise. If support levels remain intact, we can wait patiently until the next leg up shows up. Namaste.
Long
by MasterAnanda
📉 Downward Channel & Weekly Bullish Divergence on $AXSHey traders! Today, I want to discuss an intriguing chart pattern I've identified on NYSE:AXS (Axie Infinity). Let's explore the downsloping channel accompanied by weekly bullish divergence and assess its implications for potential price action. 📊💡 Pattern: Downward Channel & Weekly Bullish Divergence 📉🔽 Symbol: NYSE:AXS 💰 Overview: A downsloping channel is a notable chart pattern characterized by a series of lower highs and lower lows. Additionally, the presence of weekly bullish divergence further strengthens the potential for a reversal. Let's delve into the downsloping channel and bullish divergence on NYSE:AXS in more detail. ⚡💹 Key Features of the Downward Channel & Weekly Bullish Divergence on NYSE:AXS : Channel Formation: Observe the well-defined downsloping channel, which consists of a series of lower highs and lower lows. This indicates a prevailing bearish trend. 📈📉 Weekly Bullish Divergence: Notice the bullish divergence forming on the weekly timeframe, where price creates a lower low while the corresponding oscillator indicator forms a higher low. This suggests a potential shift in momentum. 🚀📈 Trading Strategy: Entry Point: Consider entering a position once NYSE:AXS breaks out above the upper trendline of the downsloping channel, supported by the confirmation of bullish price action and the weekly bullish divergence. This breakout could signal a potential trend reversal and the start of an upward move. ⬆️💰 Stop-Loss: Implement a stop-loss order below the recent swing low or below the lower trendline of the channel to manage risk and protect against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $AXS. ⚠️💼💡 Disclaimer: Trading cryptocurrencies involves risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions. #DownslopingChannel #BullishDivergence #AXS #AxieInfinity #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis In conclusion, the downsloping channel and weekly bullish divergence identified on NYSE:AXS indicate a potential reversal in the making. However, wait for a confirmed breakout above the upper trendline and validate the bullish price action before considering any trades. Stay tuned for further updates on $AXS! 💹🚀 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
AXSUSDT heads towards weekly support, long favorable from thereAnalysis Type: HTF After losing the previous weekly support, the price seems to be heading towards weekly support WS1. This is a level where price should find support. This should be a place to go long after the long failure from the last weekly support which is lost now. The price is currently consolidating after a big drop. The next support level after weekly support WS1 is weekly support WS2 which I believe we should not see at least in near future but keeping that into account as we want to be ready when that opportunity comes.
Long
by angela_altair
AXS Axie Infinity Triangle Formation BreakdownI don`t know if you have seen my preview AXS chart that had more than 500 Likes: In its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI). The AXS (Axie Infinity) cryptocurrency recently experienced a breakdown of a triangle formation, signaling a potential bearish pattern. A triangle formation is a common technical chart pattern characterized by converging trendlines, indicating a period of consolidation before an anticipated breakout. In the case of AXS, the breakdown of the triangle formation suggests a shift in market sentiment towards a bearish bias. This breakdown occurs when the price falls below the lower trendline of the triangle, indicating a potential continuation of the downtrend or a decline in price. Traders and investors who closely monitor technical patterns may view the breakdown of the AXS triangle formation as a bearish signal, potentially prompting them to consider short positions or adjust their existing trading strategies accordingly. Considering the above, my prite target for AXS Axie Infinity is $3.55, its strongest support. Looking forward to read your opinion about it.
Short
by TopgOptions