Axslong
AXS, AXSPERPETUAL, Futures, Bitcoin, BTC,SCALP TRADE - 30 min TIMEFRAME
Scalp opportunity with $AXIE on breakout from resistance. Leveraged trade: 5x 10x 20x
Entry: $125
TP1 $134
TP2 $145
SL $120
ONLY TRADE WHAT YOU CAN AFFORD TO LOSE
NOT FINANCIAL ADICE
AXS USDTAXS USDT had already break from the falling wedge pattern and continue with inverted head and shoulder pattern, probably will retest the inverted head and shoulder once again around 71, in my opinion the retest will be a good entry with the target price around 92-95. Also the the macd is showing us a bullish divergence which is a good call to long AXS.
AXS LONG SET UPAXS/USDT-PERP is currently in an uptrend. If we are able to have a price rejection above the 0.5 Fib level then it will set up as a strong buy/long with the following take profit limits projected. A close below the $80.00 support line would invalidate this set up. Look for a STRONG price rejection from $80.00 and long from $80.55 to $82.00. Stop Loss trigger set for $75.55.
I am a self taught trader, not new to crypto but relatively new to charting. Feel free to comment, suggest or anything. Thanks!
- Mr_Oraculus
*NOT FINANCIAL ADVICE*
AXS is it good time to book profits ? or should wait ?Hi, hope so you all are doing well, i shared my thoughts about axs yesterday where you should buy, it falls yesterday under that range 67, if you bought in that range, axs is at resistance if it breaks then we can see towards 80 but the dominance of BTC increasing if BTC goes down it will effect the alts heavily
but if you want to wait a lil bit more then move your stop loss to breakeven or you can book pretty good profits
Like and comment how my ideas are helping you in taking trades
Simplifying Axis Infinity (AXS), Huge Upside potential setupHello! So let's break down the analysis:
Fundamental Analysis:
1. Axis is directly influenced by Bitcoin
Bitcoin dumps massively -> Axis dumps or consolidates
Bitcoin pumps -> Axis pumps slightly or consolidates
Bitcoin minor correction or consolidation -> Axis pump insanely, just like right now
2. Fundamentally, Axis growth is going exponential, the traded volumes are increasing greatly!! Very bullish sign. Adoption is insane.
Technical Analysis:
1. As we can see, Axis formed a bullish triangle, or if you consider the previous run, it made a bullish flag pole. these chart structures have 66% chance to break upwards.
2. The usual approach is, we take the pole length and put it where it broke out to find out rough selling target
3. As I studied the past chart of Axis, more than technical supports and resistance, Axis tends to follow Psychological S/R. So From that perspective Important price points are:
$50 - Support
$60 - Sell target 1
$75 - Sell target 2
$100 - Final Sell target
Cheers, Have a nice day!! Please comment if you have any question or feedback
