$AXS/USDT 4h (KuCoin) Descending trendline break & retest Long

Axie Infinity / TetherKuCoin

Description

⋅ Sep 6, 2021 1:19 PM

Axie Infinity Shard looks good for bullish continuation inside the parallel channel after that reaction on 100EMA.

Current Price= 78.030
Buy Entry = 77.835 - 74.549
Take Profit= 85.936 | 94.426 | 104.592
Stop Loss= 68.948

Risk/Reward= 1:1.35 | 1:2.52 | 1:3.92
Expected Profit= +25.58% | +47.86% | +74.54%
Possible Loss= -19.02%

Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks

Trade active

⋅ Sep 6, 2021 7:33 PM

First entry filled

Axie Infinity Shard already bounced back +12.20% (2x) since called, that's a good start.

Trade active

⋅ Sep 7, 2021 9:13 AM

Second entry filled

Axie Infinity Shard dipped more revisiting 100EMA, still respecting the plan so far, waiting for bulls to step back in!

Trade closed: stop reached

⋅ Sep 7, 2021 4:50 PM

SL hit with -19.02% (2x) and -1R

Axie Infinity Shard lost support and dived a lot, at least we took the loss early!
If you are still in, now would be the time to close until a new bullish formation is created.

Comments

esorlegin

⋅ Sep 6, 2021 1:34 PM

Please look back over previous moves made by AXS - they are all nearly identical. AXS has a pattern that runs for around a 12 day cycle +/-

The next move up is due between the 15th and 18th of September (a clear wedge will form).

This, of course, is dependent on BTC/ETH not doing extreme, fast moves

SexyRexy

⋅ Sep 6, 2021 2:05 PM

Thanks for the info mate 👌