Axsusdsignals
AXSUSD Above the 1D MA50 but must break this for new Bull CycleAxie Infinity (AXSUSD) broke today above the 1D MA50 (blue trend-line) for the first time since August 18 and continues to trade within the pattern we suggested on our last idea (August 31):
As you see, since the price failed to break above the 1D MA50 at the time, it followed the Jan - April fractal as projected and dropped to our 8.50 target and even slightly lower. With the Vortex Indicator (VI) printing a pattern similar to the July 18 1D MA50 break-out, we may be starting a new Megapho
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AXSUSD No buy until this level breaks.Axie Infinity (AXSUSD) has been consolidating below the 1D MA50 (blue trend-line) since August 19 2022. This is so far a similar trading sequence to the fractal of April 02 - April 24, where the price dropped aggressively initially before having the consolidation that kick-started the sell-off of April - May.
The current Support as in April, is the Higher Lows trend-line. A failure of the 1D MA50 to cross above the 1D MA100 (green trend-line) would strengthen the bearish bias as it failed also
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AXSUSD within its Buy Zone flashing the same signal as JuneAxie Infinity has been on a long-term Fibonacci Channel Up ever since its first trading day in November 2020. As you see, it has two clear pressure zones, a Buy Band (green) and a Sell Band (red). Those have never failed to give clear buy/ sell signals.
What has been an even stronger buy signal though than AXSUSD trading within its Buy Zone alone, is that when it also breaks below the 1D MA200 (orange trend-line), it tends to bottom out and start a strong rally to the top of the Channel Up. Tha
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