AXSUSDT.P trade ideas
🔥 be prepare for the next AXS big pump 🔥Hello traders 🐺 .
around 2 weeks ago , I was look at the AXS chart and realize that the AXS have a very good chart for opening long position but at that time , price still needs to broke above the daily resistance line ( blue trend line ) , so I closed the AXS chart but unfortunately completely forgot about it , and today when I was scrolling in my watch list accidently was click on the AXS chart , at that moment I said oh man what a trade you miss 😂😢 .
but it's seems that price still can't break above the daily structure and currently is in the flag pattern , which as you know a bullish continuation pattern , so we can trade based on it and the W pattern formation and take advantage of a big pump ; so let's talk about the pattern :
1_pattern :
As you can see in the chart above , AXS is trying to break above the daily resistance (blue box) which is also the neck line of the W pattern and the interesting fact is that the AXS currently forming a bull flag which is more obvious on the 4H char t :
2_EMA Ribbon :
you can see that EMA Ribbon currently is flipping bullish and this a good news for the AXS holders , or bulls and it's seems that price is trying to retest the EMA Ribbon and also the purple support box .
3_TSI & RSI :
In the RSI value we had a bullish divergence which is a good sign for the AXS bulls and last days pump is because of that divergence which is showing us that the bulls is trying to reverse the AXS trend and also we can see that the TSI is breaking above the zero line which is also a bullish signal .
4_price targets :
W pattern price target :
as you can see the W pattern price target is around the 0.618 Fibonacci level , but this is a mid term price target for the AXS but about the short term price target I can say that the next level of the resistance for the AXS is around the 0.382 Fibonacci level which is also the bull flag price target :
This is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .
AXSUSDT is creating a bull flagthe market tested the weekly resistance on 72$ after a nice breakout on the dynamic daily resistance.
On the 4h timeframe the price is creating a bullflag below it, and the price could retest again the weekly support on 61.60$
At the moment the price is suffering about the hack.
Axie Infinity (AXS), the native token of the eponymous videogame, reversed most of its recent rally after hackers stole more than $600 million from the Ronin Network blockchain that runs the game. RON, the native token on the blockchain, also slumped in value.
How to approach?
The price needs the breakout from the bullflag on the 4h timeframe, we could see a retest on the 0.618 Fibonacci level where the market has the weekly support. SO if the price is going to have a breakout from the bullflag, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Wave 3 Pattern BreakoutAXS looks like it just bottomed after completing wave 2. The green trend line is the bullish trendline that AXS has been on. The bottom of this pattern has also bounced off at the trend line (green). All we need is momentum because the RSI has reset as well. I expect fireworks after the pattern breaks to the upside. This is my target for wave 3
Axie: Infinity hack or going back? Axie Infinity, ,the world’s largest non-fungible token (NFT) blockchain game and a successful web3 game in which players use NFT digital pets, called Axies, to interact with the game's community. Players can use their Axies to battle other players and to breed new Axies.
You have probably heard the hot news headlines these days That ,Axie Infinity, the world’s largest NFT blockchain game, has been hacked for $620 million (THE LARGEST HACK IN DEFI HISTORY 😱😵)!
Axie Infinity,was hacked on Tuesday after the Ronin network validators were infiltrated. The validators were compromised as early as March 23, according to Sky Mavis, the business behind the Axie Infinity project.
(Ronin Network, which is also owned by Vietnamese parent company Sky Mavis, allows players to exchange the digital coins they earn in Axie Infinity with other cryptocurrencies like Ethereum.)
This news can have consequences for it , and we maybe even see heavy falls in the future .
Anyway, this is just a possibility, and given the strong team who it has, we should see what does the AXIE team do later or choose another network instead of the Ronin network and compensate the investors. Or not!
so Regardles what happend lets have an analysis on the AXIE chart !
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📊Technical
As you can see on weekly timeframe for axsusdt ,Since 2021 it has had a massive growth till now (<138000 %), and after touching $166
as its ATH it had been corrected by more than 70% retracement , but in the past week it printed a good and bullish candle and jumped about 36% , so today it is struggling with the pivot zone , and if be able to break it out it can rise to next resistance zone. also by impact of recent news there is a possibility to decline and it can return back to support zone again . and if it loses the support zone it can also drop to lower support zones respectively.
🛑resistance zone: $123-132///
🆚pivot zone: $63-$72
❇️support zone : $40-44///$17-20
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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#AXSUSDT 12H Chart
Price previously got rejected from the major 12h supply zone and left a 4h supply zone around $70 on it's way down before bouncing from the 4h breaker at $62.5. MACD lines crossed and is now bearish, RSI is bought and EMAs are bullish. I expect price to fill the huge imbalance between $54 and $58 and tap into the major 12h demand zone at $53.8 where we would look to buy from.
AXS LONG SETUP- Axie increased more than %40 last days and It broke the last swing high in 4 hourly chart.
- Now it is time to wait for the retracement. I split my money to 5 pieces for this position.
- So each arrow indicates one piece from my money.
- I will not close my long position untill Bitcoin reach $52000 level.
Kind Regards,
Fisherman..
Sorry AXS holders: AXS to the trash binSorry to inform you AXS holders but your coin is going to the trash.
With a team that cannot take care of their security when their validators are literally holdings millions $ worth of currency. I can't think of a worse currency to hold than AXS.
It's a shame for the crypto and blockchain universe as a whole.
Literally, the biggest short opportunity is right in front of you don't you see it ?
Just sell your bags and short sell it you'll probably gain more than you ever did lol
PS: 20$ per coin target is imminent
Looking for a Bull Flag breakoutHello Friends!
If Axie Infinity can breakout from this bull flag, I like it to target 2 price points:
-$81.93
-$88.97
For this to have a chance to happen, it needs to hold above $64.50.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
AXS - Buy it when break out this lineBYBIT:AXSUSDT
4H trend chart
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AXS is consolidating and converging.
It's good for it to accumulate around $65
If price can break out the downtrend line, trading strategy as bleow.
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Profit Targets:
a) 74.5----Fib(1)
b) 80.995~83.625----Fib(1.272~1.382)
c) 89.260----Fib(1.618)
d) 98.385----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
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