Axie Infinity - Nice Upside PotentialAXS broke out of the descending triangle with some bullish strength, i really like the pattern on Daily timeframe, but to be perfect it just need to do the retest, but I don't know if that will happen, as the gaming sector in crypto has been performing very well recently and I believe it still is just the beginning.
AXSUSDT.PS trade ideas
SasanSeifi 💁♂ Can It Reach New Highs?
Hey everyone, I'd love to share some insights on the AXS chart! As you can see in the chart, the price of KUCOIN:AXSUSDT after a significant demand in the $4 range, broke the long-term downtrend line and experienced remarkable growth, reaching the $11 range. Now, after the correction and completion of the pullback process from the $7 range, we are witnessing positive fluctuations in the price again.
In the long term, it is expected that the price will continue to grow to the $11 target and the $14 liquidity range, and we will see a new price ceiling. To better understand the continuation of the movement trend, we should pay attention to the price reaction in the $11 and $14 ranges.
If the price breaks above $14, there is a possibility that the uptrend will continue to higher levels. Additionally, if the price breaks below the $7 range and stabilizes, there is a possibility of further correction. The probable trend is shown in the above image.
Please share your thoughts and insights in the comments below! I'd love to hear your take on the AXS chart.🙌🧐
This is not financial advice. Always do your research before making any investment decisions.✌
AXS buy setupAXS has a good bullish structure. The latter has had an important BOS.
By maintaining the demand area, it can move towards the specified TPs.
Prone to growth up to two specified targets.
Closing a candlestick below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
AXS is getting ready to moveGaming narrative and the broader BTC move are setting up strong projects like Axie Infinity ecosystem, for a nice upside move.
Any dips below $7 I'm accumulating. Similar to the SOL/ETH pair early head up I gave all of you. AXS has the same set up. If you followed me, you had caught the SOL move from the 12-19 dollar range.
This is a 3 day chart and AXS has multi time frame squeezes firing to the long side. So this will take a few weeks and months to play out. My first profit target is at $16 and the second target is at $40. This is not a financial advice. This is what I'm doing.
AXS after the pullback will continue to go upAXS after the pullback will continue to go up
🔵Entry Zone 10.010 - 10.437
🔴SL 9.198
🟢TP1 11.238
🟢TP2 13.498
🟢TP3 17.868
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AXIE: Fundamentally and Technically Set For The Gaming RunAxie is probably one of the most known Web3 gaming projects rn with massive active user base. It became known during the last bullrun after creating many fresh new millionaires. Since then they have developed their game even further and treated their community with all kinds of official merch and Axie related toys. Fundamentally, Axie is as solid as WEB3 gaming project can be.
On the technical perspective everything seems pretty clear. My favourite long term indicator, the weekly RSI, is setting up for a multi year bullrun, as seen with many other coins. It also formed pretty clear bottom with touching the 4 dollar region in two different occasions.
Easy long term choice for me since I'm extremely bullish on the gaming coins for the upcoming gaming run.
I do hold spot position for AXIE as a longer term investment.
nfa
AXS / AXSUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
AXS trade entry setupWeekly: long term analysis
AXS was one of the top gainers of the last altcoin bull run. After more than 95% deep correction during the bear market, AXS is building a reversal Head&Shoulder on a weekly support zone around the 4$ price.
Daily: short term analysis
The inverted H&S pattern is attempting a breakout upward.
If this breakout is confirmed, prices can start a strong upward move based on previous price action of AXS. The latest higher low contracted the price’s volatility and is offering us a good risk/reward setup.
Strategy
Buy signal will be given from a weekly close above the resistance line (neckline of the inverted H&S) around the 10$ mark.
Objective 1: Next resistance line (before the H&S swing move target) at 20$ ( +100%)
Objective 2: Next resistance around the 45$ zone (+350%)
Objective 3: Weekly ATH around 154$ (+1400%)
Invalidation
Mental Stop: just below the recent weekly swing low. This setup proposes a nice Risk Reward
If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price.
Risk = Distance between Mental stop and entry point.
AXE/USDTHello guys
Considering the completion of the correction of AXS, if the price does not go below the blue range, there are two possible targets:
Tp1 : 19
Tp2: 28
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
always make your analysis before a trade
it is not offer to trade.
good luck
AXS IS A KINGAXS correction diametric has been completed for some time. Now the price should enter a medium-term bullish phase.
By maintaining the green range, Flip can move towards the targets
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AXS Daily Timeframe Key LevelsLevels on the chart include
-Yearly Vwap snap points
-Monthly Vwap snap points
-Global 618
-Global 786
-Range Points of Control
-Order Blocks
-Fair Value Gaps (Imbalances)
Notice the FVG's close to the orderblocks.
Price gravitates to these levels.
The moneyflow is curving up and increasing.
We have been in the bottom of the bear market.
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low.
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, then $11.00.
AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low.
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, then $11.00.