AXSUSDT trade ideas
AXSUSDT | FALLING WEDGE BREAKOUTAXSUSDT has been trading within a falling wedge.
Now the price has broken above the falling wedge and as well ave the key horizontal resistance.
The bulls need to hold the support zone.
While bears will be in control only break below the support.
Manage our levels accordingly.
AXS - Technical review and analysisIn the daily time frame, the price trend is still downward. But in lower times, due to the formation of a strong upward wave, the price trend has increased. The same thing can increase the potential of creating a range zone for the current week. Therefore, support in the range of 7.80 to 7.50 dollars for AXS is considered, and if we see signs of support, we can expect another positive fluctuation for a short time.
AXSAXS/USDT/PERPETUAL/1H
After the sharp upward movement, the price chart had started to correct its price, which had formed a short-term falling structure, according to the breaking of the descending structure and the successful crossing of the 0.236 Fibonacci range in the 8.236 range and the formation of an ascending flag pattern, a new upward trend can be started. up to the range of 0.786 Fibobachi in the range of 9.039:
$8,309
$8,525
$9,024
🔥 AXS Higher-Low Confirmed: Bullish Pressure ComingLast night AXS saw a huge influx of buyers, making the price shoot up by well over 5%.
In my view, this big green candle is likely confirming the higher-low, meaning that more bullish pressure will come soon.
Targets placed at recent areas of resistance in blue.
Also, I added the yellow line (which is a direct copy of the purple line), which might function as a resistance later down the line.
$AXS - looking HOT on Daily Hello my Fellow TraderZ,
$AXS is looking good on Daily TF. Currently the price has to face EMA55 on DTF alongwith the TL resistance.
Bulls need to cross the area of $8.5-9.0 in order to see some strong upward movements.
If the resistances get cleared, my next area of interest would be ~12.00 with around ~50% profit.
So check this out.
Happy Trading. CHEERS!!!
AXSUSDT is really going to PUMP?Hello Birdies,
I dont think AXS is going to pump what I am seeing on our chart is 3 strong resistance.
Its going to test the horizontal resistance which happened to be a strong resistance tested 8-9 times previously and unluckily there is fib ring as well to pose resistance.
Untill and unless it goes above and tested the area as support I am short for it.
AXS: Approaching ResistanceTrade setup : Following news of AXS taking steps to decentralize, price bounced off of $6 support level, with huge volumes, and reached $10 resistance. If it breaks that, the next major resistance is $14, which is also 200-day moving average.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10, then $14, and $20.
AXS: A GOOD MOVE COMING IN.Hello traders. I hope you guys are doing well. Here's an update on AXS in 3 days timeframe.
AXS has been doing exceptionally well in the last 3 days. With a rally of almost 50% ↑, AXS boosted the NFTs giving a ray of hope in this bearish market. Currently, the price has settled down at $9 but has the potential of rallying close to $16 by the end of this year. The only struggle AXS is facing is the $10.8 resistance level. Once AXS breaks above this resistance level, $16 rests assured. Also, a breakdown below the support level will invalidate this chart. In a long run, AXS has a lot of potentials.
Key points:
Resistance: $10.8.
Invalidation: $6.5.
Target: $16.
That's it from my end. Have great hours ahead.
Trade safely.
🔥 AXS Showing Strength: Bullish Bounce AnticipatedYesterday I made an analysis on AXS and the bull-flag that was forming. As anticipated, the flag broke bullish and both my targets got hit within hours. Congratulations if you waited patiently for the trade.
As of today, AXS is still showing strength relative to the market. I'm anticipating a bounce from the lower support area. Be patient.
Targets placed at recent areas of resistance.