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DrDovetail
Mar 9, 2024 11:57 PM

Axie Infinity breaking above inverse head and shoulders neckline 

Axie Infinity / United States DollarCoinbase

Description

As with other gaming and metaverse cryptos, it appears Axie Infinity is waking up from its slumber as well. No guarantee yet that it wont take another temporary dip below the neckline before fully validating the breakout but it seems pretty likely that validation is near. It appears all the metaverse and gaming cryptos want to take the reigns of the market over from the meme coins and may even do so here soon. *not financial advice*

Comment

Dipped back below the enckline will need to readjust the measured move line to wherever it eventually breaks up from.

Comment

In correcting where it did it also now created a higher more horizontal neckline which should eventually give axie infinity a higher 2nd measured move target once it heads towards the original target.
Comments
sytrd19
nice analysis

please cheak dotusdt i like to see your idea about that
DrDovetail
@sytrd19, thanks just posted the idea per your request.
CryptoMonstersOfficial
great analysis mate, keep it up 🚀
DrDovetail
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