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AXS / TetherUS

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AXSUSDT trade ideas

AXS/USDT Reversal BULLISH!!!! Easy Gains!We can see that AXS/USDT has broken out of a falling wedge and has created an inverse head and shoulders at the bottom to indicate a reversal. We can see that after the inverse head and shoulders, there was one powerful move up which is currently retracing. It will retrace to the support I have drawn and then make another big upwards move to the targets provided. Target #1 on the chart is derived using the Fibonacci tool. Target #2 on the chart is derived using support/resistance from the 1D chart and also the imbalance which is indicated in the chart. I would personally take profit at Target #1 and then get back in on a retracement before it goes to Target #2
Long
by Abishekn0444
3
AXS Elliott Wave Analysis : Will the pivot hold?Bullish scenario from last chart played out pretty good. Looks like there was a pivot put in at that point. But will it hold? So a couple things of note for me when I look at this PA stand alone in a bubble. Currently the PA is nearing an Invalidation area, once it crosses 56.60. But I still think there is a chance that a motive wave, expanding Diagonal, could still be considered. Another option still on the table, is a 1,2/1,2. The 3rd short term bullish option would be that there is a completed ZZ and the move down from 71.78 could be an X wave, but I have not zoomed out to consider the context to see how it could fit. Holding 46.01 would be a key pivot to hold for these options to stay viable/considered. The Bearish option is that a ZZ has completed and a new low is possible. A completed ZZ does not necessarily mean the correction is complete as it could be the gateway to a larger corrective structure. If it breaks below 55$, by more than just a wick, and throws back for a retest that could lead to a LL as well. But for now watching this area. Already in the algo buy zone, but would be even more interesting if there is one more low to test the support as well as there is ample other factors to contribute to the confluence, MO. Algos Previous Flip Some Elliott Wave fibs as well. Staying above 53.50 would be ideal.
Long
by CryptoKnee
AXS Analysyis Feb10-2022We are Bullish on Axie Infinity, AXS . Three BUY signals is a Huge sign of Bullish price movement. We will place a 50% BUY with these signals from the Engineer. The Horizontal Resisitance Line at ($73.00) and Daily Down Trend Line will be the next chance for a Buying opportunity, (20% and/or 30%). We will see what happens in the next couple days. We can expect to at least Double our money and will take some profit in that ($130 - $150) range. We may hit some Resistance at the ($100-$110) range so we drew a Soft Horizontal Line. Still a 60% ROI if we take some profit at that level!
Long
by tradinggrey
2