![]() The use of this website constitutes acceptance of our user agreement. Note: All information on this page is subject to change. The short entry is invalidated if the long entry above is triggered before the sell stop is hit. The projected profit target is based on the Vertical Profit Target Method - but AXS price would, in reality, not move to that extreme of a low. However, that pattern appearing near a swing low could be a bear trap in development. The short entry is based on a powerful bearish Point and Figure pattern known as a bearish catapult. The theoretical short setup is a sell stop order at $85, a stop loss at $100, and a profit target at $35. The long trade setup is invalidated if the short entry below is triggered before the buy stop hits. A two-box trailing stop would help protect any profit made post entry.ĪXS/USDT $5.00/3-box Reversal Point and Figure Chart The trade idea represents a 3.33:1 reward/risk setup with an implied 44% gain from the entry. The hypothetical long entry is a buy stop order at $120, a stop loss at $105, and a profit target at $170. The short entry has an extremely high probability of playing given the current position of AXS – but the downside risks are minimal and not likely to reach the projected profit target. The long trade idea is probably the most likely to play out in the long-term between the two possible trade ideas. ![]() Additionally, strong buying and shorting signals exist on the $5.00/3-box reversal Point and Figure Chart.Īxie Infinity price could rally by more than 40% to hit $170Īxie Infinity price has two very powerful trade setups for both sides of the market. Axie Infinity is not entirely out of the woods yet downside risks are still present.Īxie Infinity price appears to have stabilized between the $90 to $100 value areas.Bulls have vigorously defended AXS from further downside pressure.Axie Infinity price action hints at bullish continuation.
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