AXSUSDT.5S trade ideas
💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (66.73).
. 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 60.
Take Profits:
TP1= @ 74.56
TP2= @ 79.67
TP3= @ 84.25
TP4= @ 90.96
TP5= @ 97.94
SL= Break below S2
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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.
AXSUSDT - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 37.6000, beginning of uptrend is expected.
We make sure when the resistance at 91.0875 breaks.
If the support at 37.6000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 44.42 on 2022-01-24 and the trough at 41.9 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI resistance #1 at 51 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 41.9000 on 02/24/2022, so more gains to resistance(s) 65.1427, 83.0000 and maximum to Major Resistance (91.0875) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 68.
Take Profits:
65.1427
83.0000
91.0875
111.6055
120.4969
138.8161
166.1540
220.0000
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💡Don't miss the great buy opportunity in AXSUSDT @AxieInfinity
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (61.05).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSDT 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 60
Take Profits:
TP1= @ 67.34
TP2= @ 71.90
TP3= @ 78.80
TP4= @ 84.07
TP5= @ 91.02
SL= Break below S2
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💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (59.41).
. 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 74.
Take Profits:
TP1= @ 68.31
TP2= @ 75.58
TP3= @ 83.03
TP4= @ 91.02
TP5= @ 98.65
SL= Break below S2
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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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ForecastCity English Support Team ❤️
AXS RETESTING MAYBE GOOD TIME FOR LONG TARGET 100 DOLLARaxs was getting ready for breakout now broke out and retesting the support maybe e can take a long from here it is risky but rr is good #NFA watchout the rsi if it goes up after trendline then take long with sl below support
HAVE A GREAT PROFITABLE TRADE
What is a Symmetrical Triangle Pattern?The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend . This pattern is also known as a wedge chart pattern.
How does Symmetrical Triangle Pattern Work?
Phase 1 : Existing Uptrend
When there is an extreme demand in prices there is an uptrend. It continued as the demand increases.
Phase 2 : Pause
When demand is equal to supply the there is a pause in an uptrend and investors start to book profits here. As prices consolidate it forms converging trend lines . As there is equal demand and supply investors buy on the lower trend line and sell on the upper trend line . Which results in forming a Symmetrical Triangle Pattern .
Phase 3 : Uptrend Continuation
After demand matching the supplies when there is when buyers are again interested to buy demand increases. Which results in breakout! And the continuation of the uptrend.
Role of Volume:
Volume plays a major role in a symmetrical triangle pattern . When in an uptrend the volume is quite higher. In the second phase, the volume starts to diminish due to equal demand and supply. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend.
Above Chart Explanation:
This is a 4H chart of AXSUSDT we can see it's in an uptrend previously with good volumes. Now after successful uptrend prices consolidate with diminishing volumes. And after it, there is a breakout with above-average volumes. And then the uptrend continues.
Conclusion:
Symmetrical Triangle Pattern is a continuation pattern. Which on upper trend line breakout can give a potential bull move and when on lower trend line breakout gives a possible bear move.
Comment your thoughts on Symmetrical Triangle Pattern down below.
Disclaimer:
This is just an educational post never trade just any pattern. And please do your research before making any trades.
PS: We are again publishing this for our Indian audience.
Happy Trading!