This Instrument has a good chance to go to a new high, I cant add moving average or many other indicators since not enough data.
So I use Price Structure to find out the support and resistance and Fibonacci Extention levels.
💎 AXSUSDT has broken above the resistance. It has also broken above the triangle which it formed. We expect a pullback to the pullback zone before it goes higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 80.000000
☕️ TP1 89.512260
🍺 TP2 94.000000
🍻 TP3 99.000000
I saw a lot of interest in the AXS lately, probably that they are working with the biggest in video game industry.
Anyway, we're still in crypto markets, so the price is still dictated by the interest and analysis.
With such a great moves upward, we can see a pullback at the prices in the chart.
Take care of your investements.
An idea that supports the bull status on axieinfinity
Tried to explain my reasoning for the move up using 1,2,3 movements
The obvious bull reason is the positioning above the 4.618 fib which is a very bullish sine
FOMO will set in pretty hard with this one.
With 250% monthly performance AXSUSDT is the top performing crypto asset.
The strategy to but at sundays low on monday/tuesday is a low risk entry but to exit at an all time high is the key in order to be profitable.
This weeks entry I took not at sundays low but on saturdays POC as the market had higher low = the low of sunday will not like to be traded in the...
axie had a huge first move potentially get another push on a break of this triangle, would like to see more tests of the top line of the triangle to confirm its resistance, also note 382 fib retracement
next 2 days potential 60$, possible with the stacked shorts if btc holds up.
purple box=area of demand and is where you wanna enter but may not be visited anymore as it appears to have been a 4th wave.
also broke out of it's pennant
Bitcoin continues its consolidation under weekly resistance, USD 41-42K, and must close above the range by Monday 12 AM, UTC.
As mentioned earlier, the BTC/USD remains pinned down by the W1 20 EMA (GREEN), and BTC.D was likely to pull back from 49% before continuing higher.
Bitcoin, BTC/USD - 1 Day (D1)