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AXSUSDT trade ideas

Keeping a close eye on Axie. Potential breakout comingAxie has been in a bear market since peaking in Nov 21 and is now currently testing the bear market trendline that has been a major resistance level for sometime now. My idea is with many cryptos rallying in price its highly probable that Axie can breakout of the downward trendline its currently up against. If a breakout does occur there is a strong possibility that the next resistance zone will be tested which is at approx $19 to $24. But beware that if price gets rejected from trendline resistance then we could see a retracement to the $8 zone or even major support (red line)
Long
by TheTradingHussle
2
AXS: Overbought at ResistanceAxie Infinity (AXS) technical analysis: Trade setup : Bullish breakout from Descending Triangle was confirmed with a breakout above $10 and 200-day moving average. Price is now approaching $15 resistance and is overbought (RSI > 80). The recent big move comes ahead of a negative catalyst in form of an upcoming token unlock. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10, which it broke, then $15, and $20.
Long
by altFINS
1
AXSUSDT SPOT TRADE SETUP!!Hello and welcome everyone to this Spot Trade setup!! Already, our Last Spot trade setup MAGICUSDT is doing pretty well and is currently 3X from our entry zone. I am here with a similar trade setup.!! So, Let's discuss AXSUSDT daily chart. we can clearly observe from the chart that AXSUSDT was trading between this channel for a long time and now successfully broke out of this channel. We can see the restest and green confirmation candle as well. AXSUSDT broke the $11.7 resistance level and If we see a daily close above $11.7 then we will probably see a rally toward the upper resistance levels Entry:- CMP to 11.7 TARGET 1:- 19 TARGET 2:- 27.6 TARGET 3:- 44 SL:- Daily close below 8.5 We hope you enjoyed this post. Please write for any query in the comments section below! Safe Trading!!
Long
by persis10t
2
AXS broke through its important resistance in the $10 rangeIn the last 24 hours, AXS broke through its important resistance in the $10 range with a growth of more than 40%. This resistance placed exactly at the ceiling of the range channel of the daily timeframe has become a good support, and we can expect a positive reaction in the pullback to this level. Note that the price of this currency is close to the ceiling of the main descending channel, and a negative reaction has accompanied the $14.31 resistance area at the ceiling of the descending channel. If more reaction is observed, reversal patterns can be formed. But if the support of buyers continues and this resistance is broken, the possibility of a further price increase to the range of $16.83 to $18.39 will be provided. We expect a stronger negative reaction from this resistance.
by MonoCoinSignal
3
AXSUSDT is testing the 0.618 Fibonacci levelThe price is inside an ascending channel on the 4h timeframe and after the false breakout the price form the ascending channel the price is testing the 0.618 Fibonacci level as new resistance How to approach it? We are waiting for the breakout from the 4h resistance and According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
6
✴️ Axie Infinity Chart Update | Success Is Yours!This is an update to the trade idea shared Dec 5, 2022, see below: Since our last update, Axie Infinity (AXSUSDT) produced a retrace which is healthy and is now back above our starting price. As you can see from the previous chart, the price action remains within our numbers, trading stays above support. Since a lower high has been confirmed, the doors open for a higher high on the next jump, this is where we stand at right now, waiting for higher prices. This is the reason why patience is key... It takes time for these things to grow. Diversification is also very important, because while one stays behind the other one moves ahead... It is impossible to predict which ones will move first. The market movers tend to push those that the least people hold, so even if you find a great chart and many people buy-it, it is pushed to the end of the line and one with less attention grows. With diversification, we can split the capital into multiple pairs. While one wait the other grows... While one grows the other retraces. Through the whole process we remain centered, conscious and patient. When we win, we increase our position size and risk. When we lose, we cut back and slow down to see what went wrong. Never double up on a loss. Feel free to expand if success is yours . Namaste.
Long
by AlanSantana
4