AXSUSDT trade ideas
AXS Short setupHello traders!
Welcome back to another episode with Analyst Aadil1000x.
Today we are setting sell limits at a very old True reversal point. It worked multiple times and it has the strength to work a few more times.
Trade # 023
AXS Sell limit 7.033
Stoploss 7.103(-1%)
Target 1, 6.85(+2.7%)
Final Target 6.59(+6.3%)
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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!!!