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 significant buying volume will lead to a move towards $89.60 and 111.45.
Bearish Scenario: AXS has been in a downtrend since the last few months so we don’t have a strong bullish bias for long-term yet. If the support level $57.30 doesn’t hold then it will drop further towards $44.10, $29.07 and below sooner or later.
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 significant buying volume will lead to a move towards $89.60 and 111.45.
Bearish Scenario: AXS has been in a downtrend since the last few months so we don’t have a strong bullish bias for long-term yet. If the support level $57.30 doesn’t hold then it will drop further towards $44.10, $29.07 and below sooner or later.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.