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AXS Technical Analysis: The Final Growth Target Is $86

AXS Technical Analysis: The Final Growth Target Is $86


Cryptoknowmics
2022-04-04 09:45:49
AXS Technical Analysis: The Final Growth Target Is $86

Everyone’s holiday looks different. For example, for AXS cryptocurrency investors, seeing the weekly chart is currently a public holiday. Buyers managed to change the market situation and break up the trend line of sellers. This trend line kept the AXS market in suspense from November 2021. Buyers were able to test the first target we expected – the $70 mark range. It was this range that stopped the local counterattack of buyers at the end of January 2022 and did not allow to develop a new growth wave. The situation on the market was changed by one weekly candle from 22 March. https://www.tradingview.com/x/o9uPyZBq/ During this trading week, buyers raised the AXS price by 40%. They managed to do it without much effort. This can be seen by the trading volumes. The trading week of 28 March is not as effective as the previous ones. The weekly candle did not close at the range of $70. Therefore, the chances for buyers to continue to grow to the first target of $86 are still low. In the event of a slowdown in the AXS price near the $70 mark for several weeks, investors will have a chance to buy this cryptocurrency near the $49 mark. Such a purchase will be quite safe, given the risks and likely prospects for AXS growth. But, so far such a scenario is an alternative for us. Technical Analysis Of AXS On The Daily Timeframe https://www.tradingview.com/x/q2RPzYh2/ If on the weekly timeframe the special dynamics of the AXS price is not ...

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