MonoCoinSignal

AXS (Axie Infinity Shards) - Analysis

BINANCE:AXSUSDT   AXS / TetherUS
Hello to all members of TradingView and my followers.
AXS is still on a downtrend; this is the ninth week in a row that candles have been recorded on the chart. The price is falling again towards the lower support, reacting to its resistance in the range of $ 23. The first support is $ 16.85, and the main support is $ 9.86 to $ 14.4, which is expected to hit the second support due to the high pressure of the downtrend. This support is for weekly timeframes, a full reversal, and the start of a new uptrend. The price can even drop to $ 10.
Even if the bearish line is broken, we expect a bearish trend between the weekly support and the $ 25 resistance in the medium term. The Ichimoku indicator in the daily timeframe has not yet issued a signal of price growth. It only indicates that the first support is the range associated with the reaction. But in the 4-hour timeframe, if we see a return above $ 18.5, I expect the price to rise to around $ 21.
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