Axie, can we get a taxi to the moon?!Hi!
Axie's daily chart shows us that a nice
CURVED TRENDLINE pushes down the price everytime.
This time OBV has made a ascending triangle on 4H time frame and its getting ready for a breakout. Will it help axie to breakout its CURVED TRENDLINE and take us to the moon?!
Thanks
**this is not a financial advice and as alway DYOR!
AXSUSDT trade ideas
AXS breakout longPrice has been holding long term daily support floor. Had a downtrend line that was broken to the upside 2 days ago and has been holding it and daily 20 ema line as support. Price had broke out on the 4h chart and has been forming flag. 2h and 1h charts are seeing bullish divergence on stoch as price is respecting a new short term uptrend line. Price had a 38% retracement from lows. Have bullish bias on total market for near term, this is a hedge to my short positions
Trading strategy for AXSUSDT .Trading strategy for AXSUSDT .
This strategy utilizes fear and greed index at alternative.me
Why Measure Fear and Greed?
The crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:
Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means "Extreme Fear", while 100 means "Extreme Greed". See below for further information on our data sources.
UNDERSTANDING THE METRICS AT TRADING VIEW
Maximum Drawdown
The maximum drawdown metric refers to the "worst-case scenario" for a trading period. It measures the greatest distance, or loss, from a previous equity peak.5
What is a Good Profit Factor?
Any ratio greater than one means we can earn more than we lose. So, technically:
A factor higher than 1 denotes a winning system.
A factor lower than 1 denotes a losing system.
Percent Profitable
The percent profitable metric is also known as the probability of winning. This metric is calculated by dividing the number of winning trades by the total number of trades for a specified period.
See profit report below.
AXS/USDT DailyHI traders i wish u high profits and don't be panicking because of this kinda range market..
We are in the daily time frame.I think The price has test the support area . We expect it to rise up again and hit the next resistance zone . If this resistance zone is broken, it will go higher and if the support zone is broken, it will go lower.
Warning: This is just a suggestion and I do not guarantee profits. I advise you to analyze the chart before opening any positions.
#Support #Fibbonacci #AXS/USDT
AXS, trendline BREAKOUT with potential target!Axie Infinity (AXS), the top Game-Fi crypto token, is in a downward trend.
A trend line has formed on the chart and the price is starting to squeeze under it. This, of course, shows the strength of the bulls.
Also, a descending wedge has formed on the chart, which is a bullish pattern.
A possible target for this movement is the key level of $49.50, where a good chance to close your long position.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥 AXS One Last Pump Before Bear MarketAXS has been one of the best performing tokens of the current cycle. However, investors are quickly getting rid of this token, as you can clearly see on the chart.
Most of you have seen a bubble formation before. This is exactly how it looks like. Unhealthy and unfounded growth, which ends up in a strong dump where most investors lose money on.
As of now, AXS seems to have found some kind of support in the $40-$50 area. Assuming we won't dump much further, I'm expecting one more pump from AXS (and potentially the entire market) before the inevitable bear market. We've seen a similar thing happen with GME for example.
Be aware that we might drop even further, potentially even hitting $25. Wait for the overall market to show signs of recovery before entering a bullish trade.
Happ trading!