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: Trading in a Sideways Channel ($14-$20). Swing trader can trade the channel (buy near support, sell near resistance). Trend trader: wait for breakout above $20 resistance, which could signal trend reversal. That would also mark a Higher High, a sign of Uptrend. (set a price alert).
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $12. The nearest Resistance Zone is $20, then $35.
See live Axie Infinity (AXS) chart here
Read more curated charts of coins with technical analyses.
Recent news and research:
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NFT trading game Axie Infinity launches AXS staking program
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Axie Infinity Has Beaten Even Ethereum in Network Fees Thanks to its Sidechain
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Find more real-time news here.
