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AXSUSDT Rectangle PatternAXSUSDT Breaks Out of Rectangle PatternAXSUSDT Technical Analysis update AXSUSDT has formed a rectangle pattern at the bottom near its major yearly support level. The price has broken the rectangle pattern resistance on the daily chart, indicating a potential bullish move from the current level. The price is trading above the 100 and 200 EMAs on the daily chart, with a noticeable rise in volume in recent candles is also considered strongly bullish.
Long
by HexaTrades
1
AXSUSDT Bulls Take Control! Key Levels in Sight.Analysis for AXSUSDT 15m Timeframe – Long Trade Current Position: Entry: $4.677 Current Status: Target 1 (TP1) at $4.823 has been successfully achieved. Awaiting further momentum to hit higher targets. Technical Overview: Risological Dotted Trend Line: The upward curve of the trend line indicates positive momentum and a strong bullish sentiment in this timeframe. Volume Analysis: Current volume stands at 1.03M, lower than the 30-day average of 1.91M. Despite the lower volume, the price has sustained its upward trajectory, suggesting underlying buying interest and potential accumulation. Key Performance Metrics: Short-Term Weakness: The asset has shown negative returns over the last 1 week (-5.63%) and 1 month (-9.62%), reflecting recent downtrends. Long-Term Resilience: Despite the short-term declines, AXS has a slight positive return over the past year (+2.12%), indicating resilience in its long-term outlook. Target Levels: TP1: $4.823 (Achieved) TP2: $5.060 TP3: $5.296 TP4: $5.442 Stop Loss (SL): Placed at $4.559, providing a balanced risk-to-reward ratio for this trade setup. Outlook: The trade remains bullish, with further targets potentially reachable, provided AXSUSDT can maintain momentum. Keep an eye on volume trends for additional confirmation of sustained buying pressure. This setup aligns well with a continuation in the bullish trend, leveraging favorable price action to target the next levels.
Long
by ProfitsNinja
AXSUSDT - 4H Bullish signsThe AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal. The price has breached the upper trendline of the triangle, signaling a potential upward movement. The target for this breakout is set at approximately $9.40, as depicted by the green highlighted zone. This target aligns with previous resistance levels observed in early April. The overall bullish momentum is supported by increasing volume, indicating strong buying interest.
Long
by Sober_Trading
#AXS/USDT#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 major bull market wave. Breakout and close above EMA10 and EMA21 in one candle. There is support from the bull market.
Long
by CryptoAnalystSignal
2
AXS buy setupAXS has a good bullish structure. The latter has had an important BOS. By maintaining the demand area, it can move towards the specified TPs. Prone to growth up to two specified targets. Closing a candlestick below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam
#AXS/BTC 1D (#Binance) Falling wedge breakoutAxie Infinity just regained 20EMA support in satoshi, looks ready for a small recovery towards 100EMA. ⚡️⚡️ #AXS/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 11.0% Current Price: 0.0002580 Entry Targets: 1) 0.0002611 Take-Profit Targets: 1) 0.0003049 Stop Targets: 1) 0.0002345 Published By: @Zblaba NYSE:AXS #AXSBTC #AxieInfinity #P2E #NTF #Ronin axieinfinity.com Risk/Reward= 1:2 Expected Profit= +18.2% Possible Loss= -9.1%
Long
by TradingOn
Axie Infinity (AXS) Price Analysis 2023Axie Infinity (AXS) holds the 52nd position on CoinMarketCap right now. Axie Infinity price prediction for 2023 is explained below with a daily time frame. The above chart of Axie Infinity (AXS) laid out a descending triangle pattern. The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete. Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish. At the time of analysis, the price of Axie Infinity (AXS) was recorded at $6.85. If the pattern trend continues, then the price of AXS might reach the resistance levels of $11.337. If the trend reverses, then the price of AXS may fall to the support of $6.33
Long
by TheNewsCrypto
6