AXSUSDT.PS trade ideas
AXS/USDT Breakout in process Hey Traders!
Let's take a look at AXS/USDT pair here. After having a break of structure price of AXS went for a another attempt to breakout from that triangle formation. Currently we are waiting for cleaner breakout from current levels in order to have a nice bullish movement towards "weak high" zone
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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)
🔥 AXIE Bear Trend Ending Break OutAXS is currently closing in on the bear market resistance line, which has been holding since November 2021.
With the whole market going up rapidly, I think it's to be expected that AXS will soon break through this resistance. Be patient for the break.
Targets in blue.
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.
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
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Safe Trading!!