AXSUSD Above the 1D MA50 but must break this for new Bull Cycle
Axie Infinity (AXSUSD) broke today above the 1D MA50 (blue trend-line) for the first time since August 18 and continues to trade within the pattern we suggested on our last idea (August 31):
As you see, since the price failed to break above the 1D MA50 at the time, it followed the Jan - April fractal as projected and dropped to our 8.50 target and even slightly lower. With the Vortex Indicator (VI) printing a pattern similar to the July 18 1D MA50 break-out, we may be starting a new Megaphone consolidation again. The 1.382 Fibonacci extension is not that far so we can be more positive this time. However we won't be engaging in any long-term buying until the 1D MA200 (orange trend-line) breaks, which has been the Resistance since January 05 2022.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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As you see, since the price failed to break above the 1D MA50 at the time, it followed the Jan - April fractal as projected and dropped to our 8.50 target and even slightly lower. With the Vortex Indicator (VI) printing a pattern similar to the July 18 1D MA50 break-out, we may be starting a new Megaphone consolidation again. The 1.382 Fibonacci extension is not that far so we can be more positive this time. However we won't be engaging in any long-term buying until the 1D MA200 (orange trend-line) breaks, which has been the Resistance since January 05 2022.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.