AXS LONG IDEAAXS looks highly promising towards 50% to 100% growth. Currently it is trading just above the lower band of the descending channel. We are highly bullish towards upper band of descending channel.
First resistance stands at 5.50, if AXS surpasses initial resistance, then we see 7.00 and 9.00 for next targets. We don't see any bearish sign on it.
Low leveraged & spot bags are highly recommended.
AXSUSDT
AXSUSDT Pullback: Watch for Bullish Signs at OB & Demand Zone🚀💎 Paradisers, #AXSUSDT is pulling back after showing a Change of Character (CHoCH) towards a bullish market structure and breaking out of the triangle pattern. It has also filled the entire previous Fair Value Gap (FVG).
💎 Now, my strategy is to look for bullish signs at the bullish Order Block (OB) and Demand zone. If #AXS starts showing an Internal Change of Character (I CHoCH) from here, it will increase the likelihood of a bounce from this level.
💎 However, if the price falls below this level without showing any bullish signs, it will invalidate our entire idea. In that case, it would be better to wait for more favorable price action to develop.
AXS/Axie Infinity Trade Idea- Axie is a leader of Metaverse
- Axie is narrative-based crypto once you see a Positive Catalyst in the Metaverse space you will see this spiking hard
- Positioning yourself in Axie makes sense right now from an investment perspective
- Give this investment a minimum time of 2-3months and see this rallying like anything
- From a Trading Perspective short term targets stay around 10-11$
- Don't over risk please if you can't hold for long, sl for swings - 10%
AXS USDT LONG ANALYSIS LOOKS LIKE UP TREND UPTREND AXS USDT Long Entry And Exit Points ,Follow The Chart Support /Resistance For Swing Trades For Maximum Gain ,Scalp (3-4 Days) Tp /Entry Are Mentioned In Chart
SWING FIRST TP STARTS FROM 14 TO 19 , SCALP TP ARE BELOW 14
BULLRUN FIRST TP IS 43
Important: Always Use Low Lev Never Gamble N Greed .
Axie Infinity Token Unlock (January 2023)The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its current year ATH of approximately $14.00 to the current recorded price of $11.20.
This might indicate that Axie Infinity is currently facing the second and unwanted case of token unlocking explained earlier. This means there is less demand for the token as compared to its circulating supply in the market.
AXS/USDT - Half Yearly Overview The negative momentum since the starting of the year accounted for -350% retracement in the price level. AXS faced two significant downfalls during this time interval. The first critical downfall resulted in the formation of a falling wedge pattern, whereas the second critical downfall resulted in a falling channel pattern.
On the Fibonacci retracement table, the price level currently has the support of the lowest level of the table, reflecting upon the bearish sentiment present for the coin. To regain its lost momentum, AXS atleast needs to have a positive crossover above the 0.236 FIB level, which is around $46.76. Any retracement below 0 FIB level can result in a more bearish phase for the play-to-earn giant.
The MACD level had hardly spent time above the histogram during this year. Since May, the formation of red and green bars has been minimal, reflecting upon investors' vanishing interest in the volume received by AXS.
The sentiment analysis suggests that the interest received by Axie Infinity is decaying since the start of the year and continues. Fundamentally, the impact on price is witnessed due to the unsustainable playing economy. Moreover, the team might need to roll out some new updates or revisit their gaming economy to make their token regain its positive momentum for the long-term.
Overall, resistance can be placed at $20 and $30, respectively. Whereas if more downfall is witnessed, support levels can be placed at $15 and $10, respectively.
Is Axie Infinity out of the bear territory? After reviving from its demand zone, Axie Infinity (AXS) continued its uptrend. As a result, it resembled a morning star candlestick pattern.
Bullish Scenario: AXS might retrace back to support levels $57.30. After retracements, if AXS manages to break above the resistance level at $71.50 then it would be bullish. Breaking above the $71.50 price level with significant buying volume will lead to a move towards $89.60 and 111.45.
Bearish Scenario: AXS has been in a downtrend since the last few months so we don’t have a strong bullish bias for long-term yet. If the support level $57.30 doesn’t hold then it will drop further towards $44.10, $29.07 and below sooner or later.
Axie Infinity price to provide buying opportunity b4 AXS triples1/ Axie Infinity price is consolidating inside a pennant, hinting at a breakout.
2/ The pennant fits into a larger optimistic pattern known as bullish pennant, forecasting returns ranging from 33% to 200%.
3/ AXS might drop to the demand zone ranging from $106 to $114 before kick-starting a new uptrend.
AXS/USDT intraday analysis and setup🚀Hello Traders👋
Today i have made a post on AXS/USDT 1hr
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
💡Don't miss the great buy opportunity in AXSUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 94
TP2= @ 100
TP3= @ 110
TP4= @ 120
TP5= @ 136
SL= Break below S2
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💡Don't miss the great buy opportunity in AXSUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (41.28).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 45.50
TP2= @ 48.80
TP3= @ 53.30
TP4= @ 61.00
TP5= @ 75.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️