AXSUSDT.PS trade ideas
Axie Infinity, AXS, 0.5Fib retrace sets up 179x Algo targetIDK about this one... last all time high was $166 for a mc of 10b. this time supply is 3x that and the algo target is $955 giving a mc of 146b... not sure about you but that seems a bit extreme to me. not impossible, just extreme.
I'm actually surprised by axs, I thought this would go to zero. But to retrace and triple bottom on the 0.5Fib, that suggests strength... maybe I overlooked something. anyone have a theory why this is so strong?
See linked BTC chart for why my charts are so bull.
The Trade:
Preferred Entry: $4.08 retrace of this impulse wave (if we get one)
Ape Entry: $5.34
Stop: $3.75
Resistance: $41.90 - order block + bear golden pocket.
Target: $955
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Taking advantage of a potential wyckoff breakoutAs the title says, axs is on a potential wyckoff breakout.
A wyckoff breakout is a breakout so big to the upside that you won't have to worry about your bills for the next 5 years.
Along with the potential wyckoff breakout, this asset has a potential trade setup for a value rotation to the upside.
I have seen much of this fractal leading into the highest of the range only to be rejected to the downside.
However, we are sitting pretty at the bottom of the range and the highest probability from the setup (if conditions are met), is to blast thru to the upside.
So what are the conditions?
1. Pretty much just go back to the value range, we are longing the VAL along with the reclaim of a weekly
AXSUSDT Bulls Take Control! Key Levels in Sight.Analysis for AXSUSDT 15m Timeframe – Long Trade
Current Position:
Entry: $4.677
Current Status: Target 1 (TP1) at $4.823 has been successfully achieved. Awaiting further momentum to hit higher targets.
Technical Overview:
Risological Dotted Trend Line: The upward curve of the trend line indicates positive momentum and a strong bullish sentiment in this timeframe.
Volume Analysis: Current volume stands at 1.03M, lower than the 30-day average of 1.91M. Despite the lower volume, the price has sustained its upward trajectory, suggesting underlying buying interest and potential accumulation.
Key Performance Metrics:
Short-Term Weakness: The asset has shown negative returns over the last 1 week (-5.63%) and 1 month (-9.62%), reflecting recent downtrends.
Long-Term Resilience: Despite the short-term declines, AXS has a slight positive return over the past year (+2.12%), indicating resilience in its long-term outlook.
Target Levels:
TP1: $4.823 (Achieved)
TP2: $5.060
TP3: $5.296
TP4: $5.442
Stop Loss (SL): Placed at $4.559, providing a balanced risk-to-reward ratio for this trade setup.
Outlook: The trade remains bullish, with further targets potentially reachable, provided AXSUSDT can maintain momentum. Keep an eye on volume trends for additional confirmation of sustained buying pressure.
This setup aligns well with a continuation in the bullish trend, leveraging favorable price action to target the next levels.
Long trade
2min TF overview
Buyside trade idea
30min TF Structure
1min TF Entry
Entry 5.165
Profit level 5.298 (2.58%)
Stop level 5.160 (0.10%)
RR 26.6
Reason: Buyside bias observed on the 2-minute, time frame forming higher highs, followed by marking out pivotal price points highlighted yellow for additional confluence with bias.
AXL/USDT Potential Breakout AheadAxs/USDT is showing potential for a breakout from a symmetrical triangle pattern on the 4-hour time frame. A solid breakout could happen soon. If the price breaks out and successfully retests the breakout level, we might see a surge of 40-80% in the coming days. Keep an eye on this movement, as it could be significant. This is not financial advice—please do your own research.
I have bought AXS From the AXSUSDT chart, it shows:
Market Trend: The chart is currently in a clear downtrend along the EMA (Exponential Moving Average) line, with the 100-day EMA and 200-day EMA still above the price chart, indicating strong resistance.
Important Support: The support area around 4.145 USD has been tested several times. If the price breaks this support level, it may see a continued correction to the 3.843 USD and 3.831 USD areas, which were previously rebounded.
Stochastic RSI: It is in the oversold zone (below 20), indicating that the market may have a chance to recover in the short term due to weaker selling pressure, but other indicators should confirm it.
RSI (Relative Strength Index): The RSI value at 40.61 is still in the downtrend zone. If the RSI value increases and crosses the 50 line, it may be a sign that the price has a chance to return to the uptrend.
Trading Volume: Trading volume has decreased during the price correction, which may indicate that selling pressure is starting to weaken. Or there are fewer sellers
Entry Recommendation:
Buying at the support level of 4.145 USD should consider waiting for confirmation from Stochastic RSI that there is a reversal from the oversold zone and see if the RSI value can cut through the 50 line. If so, it may be a good time to buy.
Set the stop loss below the important support level at around 4.00 USD to hedge the risk if the price falls below the support level.
#AXS/USDT#AXS
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 4.00
We have an upward trend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.80
First target 5.80
Second target 6.40
Third target 7.17
#AXSUSDT On the Edge of a Major Breakout From Descending ChannelYello, Paradisers! Are you ready for what could be a game-changing move in the #AXS market? Let's look at the latest analysis of #AXSUSDT:
💎We're closely monitoring the strong potential for a bullish continuation from a critical support zone at $4.47. For those tracking #AXS, the signs are clear—#AxieInfinity is gearing up for a breakout from the descending channel formation, and it could happen soon.
💎Currently, NYSE:AXS is following a descending channel pattern, and a breakout from this structure could send prices soaring. The first key target after a breakout is the minor resistance at $6.01. If #AXS holds steady above $6.018, we could be on the verge of a significant rally.
💎Historically, we’ve seen explosive moves like this, and a breakout above the critical $7.63 resistance could pave the way for even higher resistance zones.
💎But if momentum weakens near this key demand zone, we could witness a pullback to the lower demand area around $3.82. A daily close below $3.82 would invalidate the bullish setup and open the door to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
iFeel the success🌴
AXS SETUP
### Entry Points
- **Primary Entry**: 4.712 USDT (38.2% Fibonacci retracement)
- This level shows a good opportunity for entry as it aligns with the Fibonacci retracement level and potential support zone.
- **Secondary Entry**: 4.041 USDT (lower accumulation zone)
- If the price drops, this is another key level for buying, close to the 1.0 Fibonacci extension.
### Target (Take Profit) Levels
- **First Target (TP1)**: 5.242 USDT (61.8% Fibonacci retracement)
- The first target aligns with a common resistance level at the 61.8% Fibonacci, where partial profit-taking is advised.
- **Second Target (TP2)**: 7.000 USDT
- A higher target that suggests a potential breakout if the momentum continues.
- **Third Target (TP3)**: 9.000 USDT
- A more extended target for those holding the position longer, representing a strong rally.
### Stop Loss
- **Stop Loss**: 3.602 USDT
- This is below the recent low and the 1.0 Fibonacci level, providing a solid point to minimize losses if the trade does not work out.
### Key Levels and Observations
- **Fibonacci Levels**:
- 38.2% retracement at 4.712 USDT.
- 61.8% retracement at 5.242 USDT (TP1).
- 88.6% retracement near the lower support zone.
- **Harmonic Pattern**: The chart appears to show a potential harmonic pattern that indicates a bullish reversal if it completes.
- **Volume Profile**: Increasing volume at lower price levels indicates potential accumulation by buyers.
### Trade Plan Summary
1. **Enter** the trade around 4.712 USDT or lower at 4.041 USDT if the price pulls back further.
2. **Set Stop Loss** at 3.602 USDT to limit downside risk.
3. **Target Levels**:
- **First Target (TP1)** at 5.242 USDT.
- **Second Target (TP2)** at 7.000 USDT.
- **Third Target (TP3)** at 9.000 USDT.
This strategy focuses on taking advantage of the Fibonacci retracement levels and potential bullish harmonic pattern, with defined targets and risk management through the stop loss level.