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AXS Technical Analysis: $11 Is A Reality

AXS Technical Analysis: $11 Is A Reality


Cryptoknowmics
2022-06-14 12:06:53
AXS Technical Analysis: $11 Is A Reality

From $170 to $12- this is the path taken by the AXS cryptocurrency from November 2021 to June 2022. The price fell by 92% and even this does not attract buyers to buy AXS. In the weekly timeframe, we see that trading volumes did not increase during the whole fall wave. The only relatively high volume jumps were recorded during the trading week on 9 May. Further reduction of the price occurs without the special efforts of sellers. The AXS price has come very close to the important level of $11. This mark stopped the AXS price in April 2021. This is the first level on the AXS chart, where there was some struggle and where buyers can become more active. Source: https://www.tradingview.com/x/UDCp6meo/ It’s scary to say but in fact, the strong level is much lower – in the range of $3-$4. That’s where we see buyers’ support for the price. It was after the accumulation of positions in the range of $3-$4 that the AXS price shot more than 5000%. If the Bitcoin price does not stay in the range of $20,000 and continues to fall in the range of $10,000-$12,000 – the scenario of the AXS price fall to the $3-$4 range will be the main one. AXS Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/hbTrf3Te/ Analyzing the movement of the AXS price on the daily timeframe, you can see the beginning of the set of positions by buyers. In the period from 11 to 19 May, AXS trading volumes were abnormally high. At this time, ...

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