AXSUSDT trade ideas
AXS/USDT | 1d 👀To generate profits, it's essential to avoid losses initially. We should identify a clear structure before entering a transaction. This presents an ideal scenario for spot buying.
Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of AxieInfinity. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking
#Crypto #AxieInfinity #Trading #AXS
Axie Infinity (AXS) Price Movement: Consolidation Before the NexBias: Neutral to Bullish
Description: AXS/USDT has been consolidating, as evidenced by the price moving sideways and the RSI hovering around the neutral 50 level, suggesting indecision in the market.
Direction: Possible Breakout or Continuation
Entry: A possible strategy would be to enter on a confirmed breakout above the consolidation pattern with increased volume, which may signal a continuation of the previous uptrend.
Stop Loss: A prudent stop loss could be placed just below the most recent low or the consolidation area to mitigate the risk of a false breakout.
Targets: Profit targets could be established near historical resistance levels or at a measured move equal to the size of the previous uptrend.
Caution: If the price breaks down from the consolidation pattern, the bullish scenario would be invalidated, and a reassessment of the market conditions would be necessary.
$AXS fibbonaci levelsI posted my thought about this chart a while ago now and turned out to be right.
Clearly the fibbonaci levels for helped for my buying point and my profit taking points. The markets are taking another turn and there are even coins that get a new ATH already.
Money is moving into the markets and there is not much flowing out so stocks just keep pushing up.
I am thinking i will wait for now on this again and not do much before i see any consolidation down and letting a bit of my bag freeride.
AXSUSDT Trading opportunityAXSUSDT is trading within a descending broadening wedge pattern, forming an extended correction. The price is nearing the topside trendline of the pattern. A breakout above this trendline could lead the price towards our stated targets on the chart.
Meanwhile, focus should be on the Demand range, which serves as an important accumulation zone. The price action around the topside trendline of the descending broadening wedge must be closely watched, If the price breaks above the trendline, look for long positions targeting the breakout levels stated on the chart.
Finally, attention should be on the Demand range as an important accumulation zone for potential long positions. Then long stoploss should be placed below the demand area.
AXS: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Upside potential to $9.50. Stop Loss at $6.40 (prior swing low).
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend 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 $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
✴️ Axie Infinity Mid-Term 800% But, New All-Time High Long-TermLet me share a quick reminder... These targets we are seeing are based on the short- to medium-term only, long-term we are talking about new All-Time Highs, many times higher than what we are seeing now.
We visited some of these ATHs and will do so again after the 2024 Bitcoin halving event. After this event we can better focus on the targets for the long-term.
➖ Axie Infinity (AXSUSDT) is clearly bullish but still trading weekly below EMA50, this means that it is still early for this pair.
➖ Currently volume has been rising, with the biggest green week happening in late November; good omen.
➖ The downtrend/descending channel is a thing of the past and AXSUSDT is now growing above EMA10 and EMA21.
➖ With a strong RSI, we can easily predict the next move as happening to the upside.
Remember that sudden retraces and strong corrections can show up, specially if Bitcoin crashes by surprise... But we would end in a higher low followed by additional growth. No panic necessary if anything unexpected happens, we are set for a green year in 2025 and 2024.
Namaste.
AXS: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Upside potential to $9.50. Stop Loss at $6.40 (prior swing low).
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
Watch out AXS, CAKE and Doge, they will join their friendsDue to the pumping of altcoins in the last few weeks, I had time to make a review.
Among the altcoins that had a good pump in the past bullrun like SOL and AVAX, and among those that had a lot of decrease like CAKE and ICP, I handpicked a few undervalue GEM
With today's ICP Token pump, it seems that two altcoins are prone to pump: AXS, CAKE and Doge.
Sooner or later they have to pay back their debt and going high, so I'll buy some of them here
AXS: Channel UpTrade setup : Following a bullish breakout from Channel Down pattern, price also broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Now it’s broken above $7.00 resistance area, where it got recently rejected, and could revisit $9.50 next. It’s also trading in a Channel Up pattern.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
AXSUSDTAXSUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 7.2 region.
Will the bulls take charge again continue for leg higher?
AXS: Channel UpAxie Infinity (AXS) technical analysis:
Trade setup : Following a bullish breakout from Channel Down pattern, price also broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Now it’s broken above $7.00 resistance area, where it got recently rejected, and could revisit $9.50 next. It’s also trading in a Channel Up pattern.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50.
AXS/USDT Bullish Momentum??? Break the Supply or retesting first💎 AXS has undeniably emerged as a market focal point. Its recent trajectory showcases a triumphant breakout from the falling wedge, further solidified by a subsequent and valid retesting phase.
💎 Observing its chart, one can note that post its retest on the demand zone, AXS experienced a sharp upward surge, effortlessly breaching the supply threshold. However, its journey doesn't seem to halt there.
💎 While AXS has yet to undergo a retest after surpassing the supply zone, an optimal trajectory would see it first revisiting the demand area before setting its sights on the next supply target at $6.12. Should AXS bypass this retesting step and directly vault over the $6.12 supply mark, it could be poised for a more extensive bullish run, probability targeting the major supply zone and the bearish OB.
💎 On the flip side, markets are unpredictable. A less favorable turn of events might see AXS retracing its steps to the demand zone. If, during this phase, AXS falters and fails to uphold its position above the demand, it could signal a bearish shift. This downturn might see AXS descending further, potentially seeking refuge at a more foundational support level, underscoring the delicate interplay between bullish aspirations and bearish realities in the crypto landscape.