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AXS / TetherUS

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AXSUSDT trade ideas

I have bought AXS From the AXSUSDT chart, it shows: Market Trend: The chart is currently in a clear downtrend along the EMA (Exponential Moving Average) line, with the 100-day EMA and 200-day EMA still above the price chart, indicating strong resistance. Important Support: The support area around 4.145 USD has been tested several times. If the price breaks this support level, it may see a continued correction to the 3.843 USD and 3.831 USD areas, which were previously rebounded. Stochastic RSI: It is in the oversold zone (below 20), indicating that the market may have a chance to recover in the short term due to weaker selling pressure, but other indicators should confirm it. RSI (Relative Strength Index): The RSI value at 40.61 is still in the downtrend zone. If the RSI value increases and crosses the 50 line, it may be a sign that the price has a chance to return to the uptrend. Trading Volume: Trading volume has decreased during the price correction, which may indicate that selling pressure is starting to weaken. Or there are fewer sellers Entry Recommendation: Buying at the support level of 4.145 USD should consider waiting for confirmation from Stochastic RSI that there is a reversal from the oversold zone and see if the RSI value can cut through the 50 line. If so, it may be a good time to buy. Set the stop loss below the important support level at around 4.00 USD to hedge the risk if the price falls below the support level.
Long
by bas20230503
1
#AXSUSDT On the Edge of a Major Breakout From Descending ChannelYello, Paradisers! Are you ready for what could be a game-changing move in the #AXS market? Let's look at the latest analysis of #AXSUSDT: 💎We're closely monitoring the strong potential for a bullish continuation from a critical support zone at $4.47. For those tracking #AXS, the signs are clear—#AxieInfinity is gearing up for a breakout from the descending channel formation, and it could happen soon. 💎Currently, NYSE:AXS is following a descending channel pattern, and a breakout from this structure could send prices soaring. The first key target after a breakout is the minor resistance at $6.01. If #AXS holds steady above $6.018, we could be on the verge of a significant rally. 💎Historically, we’ve seen explosive moves like this, and a breakout above the critical $7.63 resistance could pave the way for even higher resistance zones. 💎But if momentum weakens near this key demand zone, we could witness a pullback to the lower demand area around $3.82. A daily close below $3.82 would invalidate the bullish setup and open the door to further declines. Stay focused, patient, and disciplined Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
AXS SETUP ### Entry Points - **Primary Entry**: 4.712 USDT (38.2% Fibonacci retracement) - This level shows a good opportunity for entry as it aligns with the Fibonacci retracement level and potential support zone. - **Secondary Entry**: 4.041 USDT (lower accumulation zone) - If the price drops, this is another key level for buying, close to the 1.0 Fibonacci extension. ### Target (Take Profit) Levels - **First Target (TP1)**: 5.242 USDT (61.8% Fibonacci retracement) - The first target aligns with a common resistance level at the 61.8% Fibonacci, where partial profit-taking is advised. - **Second Target (TP2)**: 7.000 USDT - A higher target that suggests a potential breakout if the momentum continues. - **Third Target (TP3)**: 9.000 USDT - A more extended target for those holding the position longer, representing a strong rally. ### Stop Loss - **Stop Loss**: 3.602 USDT - This is below the recent low and the 1.0 Fibonacci level, providing a solid point to minimize losses if the trade does not work out. ### Key Levels and Observations - **Fibonacci Levels**: - 38.2% retracement at 4.712 USDT. - 61.8% retracement at 5.242 USDT (TP1). - 88.6% retracement near the lower support zone. - **Harmonic Pattern**: The chart appears to show a potential harmonic pattern that indicates a bullish reversal if it completes. - **Volume Profile**: Increasing volume at lower price levels indicates potential accumulation by buyers. ### Trade Plan Summary 1. **Enter** the trade around 4.712 USDT or lower at 4.041 USDT if the price pulls back further. 2. **Set Stop Loss** at 3.602 USDT to limit downside risk. 3. **Target Levels**: - **First Target (TP1)** at 5.242 USDT. - **Second Target (TP2)** at 7.000 USDT. - **Third Target (TP3)** at 9.000 USDT. This strategy focuses on taking advantage of the Fibonacci retracement levels and potential bullish harmonic pattern, with defined targets and risk management through the stop loss level.
Long
by Kizaru187
AXSUSDT: Weekly support, consolidation phase!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Hello everyone, I'm curating a list of promising projects to hold for the upcoming bull run. 1. FETUSDT (already posted) 2. ONDOUSDT (already posted) 3. AAVEUSDT (already posted) 4. ANKRUSDT (already posted) 5. ORDIUSDT (already posted) 6. TURBOUSDT (already posted) 7. AXSUSDT Let's analyse AXSUSDT both fundamentally and technically. FUNDAMENTAL ANALYSIS: Axie Infinity is a blockchain-based game where players collect, breed, and battle fantasy creatures called Axies. Developed by Sky Mavis, the game incorporates elements of cryptocurrency and NFTs (non-fungible tokens). Axies are unique digital assets that can be owned, traded, and used in turn-based battles. Players can earn cryptocurrency through gameplay, with main tokens being AXS (Axie Infinity Shards) and SLP (Smooth Love Potion). Additionally, players can buy and develop virtual land within the game. Axie Infinity operates on the Ethereum blockchain and uses its own sidechain, Ronin, to enhance scalability and reduce transaction fees. TECHNICAL ANALYSIS: AXSUSDT is currently trading within a descending triangle pattern, indicating a potential bullish reversal. The price is currently at a key support level, and technical indicators suggest a positive outlook: MACD: Flat MACD indicates a period of consolidation. StochRSI: A bullish crossover above the oversold zone suggests a potential uptrend. RSI: A bullish crossover is in progress, further reinforcing the bullish sentiment. Buying Levels: $3.695 to $4.620 (upper buying zone) $1.272 to $1.989 (lower buying zone) Target Level: $19.5 (short term) $165 (long term) If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
Long
by persis10t
Axie Infinity (AXS) to $3.90Most of tradingview.com is long with Axie Infinity ideas. Being the contrarian, I’m here to tell you a long position is probably a mistake. Why? So simple.. support and resistance. The two red arrows show confirmed resistance at 12 to 13 dollars that followed with a break of market structure. The only way forward now is for price action is to confirm past resistance as support. Those levels are 70% and 90% corrections below. A study of the AXS-BTC pair (below) continues to print price action under active resistance. The trend is down. You may remember something that was said about legacy alt tokens not performing in this bull cycle? As an example of the token-btc pair study, you may remember the ‘Auction to $40 from $4’ idea? (below). What might not have been obvious at the time was the study on the Auction-btc pair. A clear break of resistance. If you’ve made it this far, an idea on the Gas Neo token was recently published. You've read above. Why did I publish Gas token? Ww Auction.btc September 2023 Auction to $40 Weekly auction-bitcoin pair
Short
by without_worries
19
AXS (Axie Infinity) Falling WedgeTrade setup : Price is in a Downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is Oversold currently, based on RSI-14 levels (RSI < 30). Support and Resistance : Nearest Support Zone is $4.00. Nearest Resistance Zone is $7.00, then $9.00.
Long
by altFINS
AXS Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: AXS has been in a downtrend since it hit its all-time high back in November 2021. The price failed to rise to its potential level and is currently close to its support level. NYSE:AXS is expected to hold this support level, which ranges between $3.3 and $4.5. If the market favors it, the price is expected to rebound and rally, breaking above the resistance trendline. Key levels: - Important Support: $3.3-$4.5. - Resistance: $6.6. - Targets: $12.5, $18.8, $36, $66.5. - Invalidation Point: A close below $3.3 support level. DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you!
by Cryptorphic
4