AXSUSDT.P trade ideas
AXSUSDT is creating a bull flagthe market tested the weekly resistance on 72$ after a nice breakout on the dynamic daily resistance.
On the 4h timeframe the price is creating a bullflag below it, and the price could retest again the weekly support on 61.60$
At the moment the price is suffering about the hack.
Axie Infinity (AXS), the native token of the eponymous videogame, reversed most of its recent rally after hackers stole more than $600 million from the Ronin Network blockchain that runs the game. RON, the native token on the blockchain, also slumped in value.
How to approach?
The price needs the breakout from the bullflag on the 4h timeframe, we could see a retest on the 0.618 Fibonacci level where the market has the weekly support. SO if the price is going to have a breakout from the bullflag, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Will the ascension break the flag upHello my friend.
Axs is creating a big rising flag and I am expecting a rise like everyone else. I expect Bitcoin not to upset us and to give altcoins an opportunity to rise. I see a similar RSI formation as when Axs made its previous rise. Buyers are decreasing below the $62 zone, so I think it's early to talk about an upward move. If there is not enough volume, it may want to fall again as it did before. It would be right to wait for the breakout and follow it by taking profits (67-74-81 usd) on each Fibonacci resistance if it goes up. If bitcoin turns up, the $62 zone is a good area to buy, but if bitcoin goes down a bit more, $45 will be a better buy zone this time. Do not forget to follow Bitcoin and use stops.
If you like my idea, don't forget to like it or let me know if you have a different idea. It is not investment advice.
the hidden bullish formation is pointing to the $100 Axie Infinity Token is trading 11% higher today and the price action is forming a Poll and Flag formation on the daily price chart.
The daily price chart of the AXS token is looking above the green area of the Supertrend indicator. However, the coin saw a 150% increase in trading volume last night.
The EMA ribbon indicator is approaching a sit above the 200 EMA line, which was a short term bullish barrier. Thus, Stoch sees RSI below the halfway mark on the other hand simple RSI is going to test the overbought zone, which creates a bit of panic among the buyers.
As long as the Axie Infinity Token price remains above $60, buyers will continue the higher momentum. But still the price is below the 200 EMA line of the EMA ribbon indicator.
Support level - $45 and $35
Resistance level - $90 and $115
💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (66.73).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 74.56
TP2= @ 79.67
TP3= @ 84.25
TP4= @ 90.96
TP5= @ 97.94
SL= Break below S2
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💡Don't miss the great buy opportunity in AXSUSD @AxieInfinityTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (66.73).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AXSUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 74.56
TP2= @ 79.67
TP3= @ 84.25
TP4= @ 90.96
TP5= @ 97.94
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AXS: Rectanglemany altcoins have confirmed patterns and have already reached 50-100% of the target
there are still some a little late, but with the same probability of growth
one of the clearest formations is certainly AXS
confirmation of the rectangle, with closing above 72, would have as a target about 98, with a profit of 35-40%
AXS, big BULLISH FLAG breakout! Axie Infinity (AXS)! A huge hackers attack happened on a gaming project this week! About $622M was stolen! How will this affect the price? Let's find out!
Right now the price is in the descending channel. Also, we can say that this is a bull-flag pattern. According to the rules, when the price breaks this flag, it should grow by 46% and reach the target of $90-100!
We expect a test of the $53-58 value zone and a false breakout! If a BIG player will buy, we will see it on the big volumes!
Will the price go up or down after the HACK? Write in the comments!
Friends, press the "like" button and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
AXS flag breakoutPrice had nice daily close, wicking down to 20 day ema, closing with a moderate bullish spread. Price made impulsive move up followed by a very clean flag - channel printed on the 4 hour. Price broke out on the 30 min time frame with ultra high volume to the upside.
Stop loss: Just below daily s/r and vpvr level, inside of previous channel, and in trough of volatility zone measured thru out channel
Take profit: At next daily zone, aligning with the 0.272 fib extension level of flag
AXSUSDT trade setupAXS is forming bullish flag and about to break out. Beside this the game owners are going to launch Origin game on April 7. It would pump the price of the coin.
Buying Zones:
Wait for breakout of flag pattern. Take entries at 66-69
Take Profit:
1. 71.90
2. 78.21
3. 80.27
Stop Loss: 57
Hacked? The Problem With Cross-Chain Tokens and PlatformsLately there has been an increase in hacking activities in crypto and Web3 related projects as whole, as hackers target smaller projects and platforms to siphon money out of vulnerable systems.
To be clear, none of the major protocols or coins has EVER been breached - Bitcoin, Ethereum, Dogecoin, Tezos, etc. The protocol has always been safe, and decentralized. But individual projects and platforms (including DAOs and DeFis) might be vulnerable.
Crypto projects get hacked in two main ways:
1) For efficiency/speeds, crypto projects built on top of certain blockchains often have to be centralized to some extent in order to get the results needed. This often leads to vulnerabilities that can be targeted by hackers (ex. 1 login/password that gives the intruder access to everything).
2) 51% attacks - if the hackers are willing to front enough money to own 51%+ of the tokens, they can use that leverage to basically control the whole blockchain for their own purposes at any time. This gets more difficult as the network grows (since it becomes more expensive to reach 51%+) but smaller blockchain projects are vulnerable to these types of attacks since it requires much less resources than trying to target larger networks. (The major coins out there are basically impossible to 51% attack at this point.)
Because Web3 projects is still in its early stages at this point, breaches like these may become more commonplace and people may end up losing a lot of money if they're not careful. Buyer beware, either way.
According to Vitalik, the solution to this problem is Maximalism a "healthy intolerance" of other forms of thinking. (This is an April Fools joke, just in case. lol)
vitalik.ca
AXSI was hesitant to share this chart and it is not something I own or am currently trading (I have enough alt exposure). AXS was effected by the Ronin Bridge hack, so there are some real reasons to consider avoiding this ecosystem altogether.
That said, Sky Mavis is refunding anyone affected and nothing has fundamentally changed about Axie Infinity, which made a huge move right before the news, breaking through the key blue resistance with major volume and power.
Sometimes the FUD is a great opportunity to buy a dip that you would otherwise not have seen. Solana had the Wormhole hack and has performed exceptionally well since. This could be a similar case.
We have a clear bull flag forming, with price bouncing off of support at $61.32. Buying that support is one strategy. Buying a breakout of the flag top is another. It depends on how you trade.
Either way, we have a significant breakout (blue line) on volume, a huge move, and bullish consolidation into support. Take the hack and news out of it and this is a good looking chart.
AXIS IS ON STEROID BUT PULL BACK IS IMMINENTThis asset has seen a great upward force lately, this has helped push the price of this asset positively.
AXS is currently at FIB23.6 and it may act as a resistance if the buying force is not enough to breakthrough.
I took profit today on my short term investment Axieinfinity with a whopping 40% return on investment.
My next TP will be at FIB38.2 which is around $90.
I am bearish for now.
trade with care.
Kindly like, comment and follow.
🔥 be prepare for the next AXS big pump 🔥Hello traders 🐺 .
around 2 weeks ago , I was look at the AXS chart and realize that the AXS have a very good chart for opening long position but at that time , price still needs to broke above the daily resistance line ( blue trend line ) , so I closed the AXS chart but unfortunately completely forgot about it , and today when I was scrolling in my watch list accidently was click on the AXS chart , at that moment I said oh man what a trade you miss 😂😢 .
but it's seems that price still can't break above the daily structure and currently is in the flag pattern , which as you know a bullish continuation pattern , so we can trade based on it and the W pattern formation and take advantage of a big pump ; so let's talk about the pattern :
1_pattern :
As you can see in the chart above , AXS is trying to break above the daily resistance (blue box) which is also the neck line of the W pattern and the interesting fact is that the AXS currently forming a bull flag which is more obvious on the 4H char t :
2_EMA Ribbon :
you can see that EMA Ribbon currently is flipping bullish and this a good news for the AXS holders , or bulls and it's seems that price is trying to retest the EMA Ribbon and also the purple support box .
3_TSI & RSI :
In the RSI value we had a bullish divergence which is a good sign for the AXS bulls and last days pump is because of that divergence which is showing us that the bulls is trying to reverse the AXS trend and also we can see that the TSI is breaking above the zero line which is also a bullish signal .
4_price targets :
W pattern price target :
as you can see the W pattern price target is around the 0.618 Fibonacci level , but this is a mid term price target for the AXS but about the short term price target I can say that the next level of the resistance for the AXS is around the 0.382 Fibonacci level which is also the bull flag price target :
This is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .
