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WolvesOkami
Jul 31, 2021 9:58 AM

Rsi resistance sign of weakness  Short

AXS / TetherUSBinance

Description

AXS is giving a strong signals that
it will go on big drop this august,

RSI Resistance
More wicks candle
Volume going down
Fibo resistance
Monthly candle (stretch already)
Weekly Doji

Some of the main reason that axs is going down is because of liquidity
issue, once bitcoin goes to bull run then all liquidity or money
that was distributed in some nft games or trades will soon go back
to main altcoins and bitcoin because those cryptos like eth bnb doge ada xrp
is for long term, big whales loves coins were they can put their money
for long term, not a short term trade like axs, so im very sure that axs will go down
next month.

also add this BITCOIN AND NFT COINS HAS CORRELATION ONCE BITCOIN IS UP NFT COINS IS DOWN,
you can research about this correlations we also have correlations between bitcoin and some of the
top 10coins and some alts and some sh*tcoins too. always vice versa move sometimes if bitcoin drop,
then all sh*tcoins will drop faster, if bitcoin goes up then top 10 coins goes up too but slowly sometimes fast too.

so good luck on AXS next month.
Comments
Mihai_Iacob
Great chart
WolvesOkami
@OptimoomFX thank you
Meowroar
appreciate your chart
WolvesOkami
@Meowroar thank you
adib125
Perfect
I think dump soon....
WolvesOkami
@adib125 thank you
Shin0d
Great view. Who thinks it's long is wishful thinking, imo
WolvesOkami
@Shin0d hehehe thank you, yes no hope with this axs
niner12
Great view
WolvesOkami
@niner12 thank you
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