🔥 AXS Macro Bullish ChannelSince it's inception on Binance, AXS has been trading in a strong up-trending bullish triangle.
However, AXS is losing value almost weekly since late October. It doesn't seem that the bears are done selling yet, so I'd wait until the price reaches the yellow area on the chart for a potential long-entry.
Target would, ideally, be the top of the channel. However, since AXS is one of the top-performers of the bull-run it might be the case that we're not going to see another ATH again this bull-run.
Happy trading!
AXS
AXSUSDT Daily TA : 12.28.21 : $AXSAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... #Requested_Analysis
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👤 Arman Shaban : @ArmanShabanTrading
📅 28.DEC.2021
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AXS/USDT - Potential 78% SetupHello Traders!
AXS continues within the uptrend.
The asset made a correction to the level of 0.618 by Fibonacci and found support near the price level of $92.50
To reduce the risk in case of a pullback, it is better to split the entry into two parts:
$100,00 - $104,50
$82,50 - $88,00
Stop-loss shall be placed under the price of $69.00
The targets would be levels of $150,00 and $165,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Bitcoin [BTC] - BULLISH Signals. Breakout coming... We have a lot of confluence on Bitcoin currently. Staying above the Yearly VWAP nicely + Divergence on the RSI + Falling Wedge pattern. The FED meeting and Quadruple Witching on Thursday and Friday were the two last days that a threat of another drop was possible.
Bitcoin survived both of these events and held the support very nicely here. This was a very bullish sign. Now we just await the inevitable boom! Hopefully before the end of year. Hopefully this week. However, we can't time the market. It would be wise to accumulate more on alts while prices are cheap here.
AXS - Do not miss itIf AXS could maintain its trend line and support during the bitcoin fall, it will be Bullish and the first target is $118 (then $140)
Due to the last few candles in 2D timeframe and The RSI positive divergence, That bullish scenario has a good chance
Anyway, so far AXS has climbed a lot and Bitcoin isn't stable and may drop to 42K. It's better to consider these points (before buying)
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AXS Falling Wedge / Bull Breakout / H4Falling wedges haver 75% chance of bull BO.
AXS had higher low double bottom near the WG extreme.
Then you see that this H4 falling wedge got broken upside.
In this situations I wait to see if trend extreme get tested again and get long on AXSUSDT.
Potential Target is marked up, $120-$122.5
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
ETHEREUM [ ETH ] - Value Areas (FOMC + possible Whale dump)I'm removing my BULL shades and BULLISH bias for a moment to consider that possibility that ETH may fall further. After the FOMC announcements today, if it's bad news, I can see Whales taking advantage of it by doing one final dump on Bitcoin and Ethereum. If this were to happen, I see these value areas on Ethereum. If there is no reaction, however, then it should be business as usually and we go sideways or up here on Ethereum.
AXS, bullish structure on the chart A falling wedge pattern has formed on the AXS chart, it is a bullish structure, it is statistically breaking up, but bitcoin could once again renew its local lows, so two scenarios are worth highlighting.
The first scenario is that the price breaks through the upper boundary of the wedge, after which there could be a rise to the targets marked at the top.
The second scenario is that the price falls and breaks the pattern downwards, in case of a false breakdown of the 77$ level there would be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.