Upon reviewing the daily chart of AXS/USDT, several significant points and technical indicators can be highlighted for a comprehensive analysis.
Key Resistance and Support Levels:
Resistance 1 (R1): $8.453 - This is the first significant barrier where the price may encounter selling pressure.
Resistance 2 (R2): $9.783 - A higher level of resistance, which could...
NASDAQ:SLP Smooth Love Potion is holding nicely over several suports
It is holding above 200MA 1D, above 200EMA 1D and above long term fib level
And it is retesting as a support the anterior blue resistence!
Bollinger Band is narrowing (gray) and there is also strong support from Visible Range Volume past trades (horizontal bars on right)
As the target of the...
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As with other gaming and metaverse cryptos, it appears Axie Infinity is waking up from its slumber as well. No guarantee yet that it wont take another temporary dip below the neckline before fully validating the breakout but it seems pretty likely that validation is near. It appears all the metaverse and gaming cryptos want to take the reigns of the market over...
Trade setup : Trends are mixed. Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines,...
It's about to break the neckline of an inverse head and shoulders.
You can see the Right shoulder is far shallower
and vastly compressed in time duration in comparison to the Left shoulder
Leading to my assumption that it will breakout soon and move QUICKLY to the target!
Trade setup : Trends are mixed. Price had a bearish breakout from a Descending Triangle pattern.
Swing Traders: could enter near $7.00 support and 200-day moving average, which should be a robust support zone, with +25% upside potential back to $9.00. Price is also getting oversold (RSI ~ 30), which means that we could see a brief bounce up near-term. Stop Loss...
This analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios.
📉🔺Parabolic Move and Symmetrical Triangle:
AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern.
This pattern indicates a period of consolidation and uncertainty...
💎 Paradisers, let’s delve into the intriguing movement of #AXSUSDT. Presently, it’s engaged in a delicate dance, retracing and meticulously retesting a critical support level at $9.379. This level holds immense significance, and its ability to transition from a mere retest to a robust support could be the harbinger of a potential bullish surge.
💎 After a...
AXS Setup. After a confirmed breakout from the trend line, and a marked zone in green is a good point for our entry. Remember stop loss is your friend. Everything is on the chart.
Entry 10.453
S.L 9.871
T.P 1 11.633
T.P 2 12.400
T.P 3 13.334
In the weekly time, it has gone through a complex correction cycle, which has suffered a range for more than 623 days, which has faced a motivational wave with the bottom of the range of 0.001299, and finally, with the failure of this concentration, it is completing a pullback to the golden zone. If the green box area is maintained, it must touch the specified...
#AXS
The price has been moving in a descending triangle since January 2023
With the presence of reversal patterns, the price finally broke the downtrend
With a large oversold presence on the MACD
Axie Infinity's potential in this time window is 250%
In 2023, we have gone through a very complex and long consolidation phase that will surely lead to the next...
AXS broke out of the descending triangle with some bullish strength, i really like the pattern on Daily timeframe, but to be perfect it just need to do the retest, but I don't know if that will happen, as the gaming sector in crypto has been performing very well recently and I believe it still is just the beginning.
