AXIE INFINITY SHARDS - AXS/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	AXSUSDT
ISIN:

AXIE INFINITY SHARDS - AXS/USDT - Daily - Technical analysis published on 01/23/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 60.28 USDT

My targets

49.95 USDT (-2.78%)

37.77 USDT (-26.49%)

My analysis

The bearish trend is currently very strong for AXIE INFINITY SHARDS - AXS/USDT. As long as the price remains below the resistance at 60.28 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 49.95 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 37.77 USDT as an objective. Crossing it would then enable sellers to target 15.00 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AXIE INFINITY SHARDS - AXS/USDT rating 51.38 USDT. The price has increased by +2.53% since the last closing and was traded between 49.71 USDT and 54.15 USDT over the period. The price is currently at +3.36% from its lowest and -5.12% from its highest.

49.71

54.15

51.38

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AXIE INFINITY SHARDS - AXS/USDT:

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this AXIE INFINITY SHARDS - AXS/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of triangle is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.00	37.77	50.55	51.38	68.90	109.12	137.01
Change (%)	-70.81%	-26.49%	-1.62%	-	+34.10%	+112.38%	+166.66%
Change	-36.38	-13.61	-0.83	-	+17.52	+57.74	+85.63
Level	Minor	Minor	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.80	40.72	45.42	52.34	57.04	63.96	68.66
Camarilla	46.92	47.98	49.05	50.11	51.18	52.24	53.31
Woodie	32.68	40.17	44.30	51.79	55.92	63.41	67.54
Fibonacci	40.72	45.16	47.90	52.34	56.78	59.52	63.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.06	24.86	37.48	60.28	72.90	95.70	108.32
Camarilla	40.37	43.62	46.86	50.11	53.36	56.60	59.85
Woodie	-3.02	22.32	32.40	57.74	67.82	93.16	103.24
Fibonacci	24.86	38.39	46.75	60.28	73.81	82.17	95.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.95	69.77	81.50	101.32	113.05	132.87	144.60
Camarilla	84.55	87.45	90.34	93.23	96.12	99.01	101.91
Woodie	45.91	67.75	77.46	99.30	109.01	130.85	140.56
Fibonacci	69.77	81.82	89.27	101.32	113.37	120.82	132.87

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	25.89
MACD (12,26,9):	-9.6300
Directional Movement:	-26.78
AROON (14):	-35.72
DEMA (21):	59.99
Parabolic SAR (0,02-0,02-0,2):	81.15
Elder Ray (13):	-15.34
Super Trend (3,10):	72.90
Zig ZAG (10):	51.49
VORTEX (21):	0.7100
Stochastique (14,3,5):	7.35
TEMA (21):	57.58
Williams %R (14):	-89.78
Chande Momentum Oscillator (20):	-21.45
Repulse (5,40,3):	-27.8100
ROCnROLL:	2
TRIX (15,9):	-1.3100
Courbe Coppock:	36.01

MA7:	64.41
MA20:	72.01
MA50:	88.97
MA100:	112.04
MAexp7:	61.35
MAexp20:	72.30
MAexp50:	87.46
MAexp100:	94.25
Price / MA7:	-20.23%
Price / MA20:	-28.65%
Price / MA50:	-42.25%
Price / MA100:	-54.14%
Price / MAexp7:	-16.25%
Price / MAexp20:	-28.93%
Price / MAexp50:	-41.25%
Price / MAexp100:	-45.49%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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