The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its...
The negative momentum since the starting of the year accounted for -350% retracement in the price level. AXS faced two significant downfalls during this time interval. The first critical downfall resulted in the formation of a falling wedge pattern, whereas the second critical downfall resulted in a falling channel pattern.
On the Fibonacci retracement table,...
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AXIE symmetrical triangle 4 hr TF with supp. & resis waiting for breakout and then enter. If market show some bullishness then i enter just next candle after breakout in 4 hr TF otherwise i"ll enter when retest happen successfully.
After reviving from its demand zone, Axie Infinity (AXS) continued its uptrend. As a result, it resembled a morning star candlestick pattern.
Bullish Scenario: AXS might retrace back to support levels $57.30. After retracements, if AXS manages to break above the resistance level at $71.50 then it would be bullish. Breaking above the $71.50 price level with...
1/ Axie Infinity price is consolidating inside a pennant, hinting at a breakout.
2/ The pennant fits into a larger optimistic pattern known as bullish pennant, forecasting returns ranging from 33% to 200%.
3/ AXS might drop to the demand zone ranging from $106 to $114 before kick-starting a new uptrend.
Today i have made a post on AXS/USDT 1hr
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will...