Axie Infinity (AXS) Analysis

2 min read March 25, 2024
Richard Fetyko

Axie Infinity (AXS) Analysis

Axie Infinity (AXS) Analysis

In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.

Axie Infinity (AXS) technical analysis:

Trade setup: Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price resumed its Uptrend and briefly broke above $11-12 resistance but failed to hold that. We would be buyers on pullback near $9.50 support, which could be a swing trade entry opportunity in Uptrend, with +20% upside potential back to $11-12 resistance zone. Stop Loss (SL) level at $8.50. (set a price alert).

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.

Support and Resistance: Nearest Support Zone is $9.50 (previous resistance), then $7.00. The nearest Resistance Zone is $11.00 – $12.00, then $14.00 and $16.00.

See live Axie Infinity (AXS) chart here

Read more curated charts of coins with technical analyses.

Axie Infinity_Tether_2024-03-25_20-18-00

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