AXIE INFINITY - AXS/USDT - 1H - Technical analysis published on 05/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 6.94 USDT
My targets
6.40 USDT (-5.14%)
6.00 USDT (-11.11%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AXIE INFINITY SHARDS - AXS/USDT as long as the price remains well below 6.94 USDT. The next bearish objective for sellers is set at 6.40 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.00 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by cassedre. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AXIE INFINITY SHARDS - AXS/USDT price is 6.75 USDT. On the day, this instrument lost -2.46% and was between 6.70 USDT and 6.93 USDT. This implies that the price is at +0.75% from its lowest and at -2.60% from its highest.6.70
6.93
6.75
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AXIE INFINITY SHARDS - AXS/USDT chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6.00 | 6.72 | 6.75 | 6.94 | 7.30 | 7.56 |
| Change (%) | -11.11% | -0.44% | - | +2.81% | +8.15% | +12.00% |
| Change | -0.75 | -0.03 | - | +0.19 | +0.55 | +0.81 |
| Level | Intermediate | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.58 | 6.70 | 6.81 | 6.93 | 7.04 | 7.16 | 7.27 |
| Camarilla | 6.86 | 6.88 | 6.90 | 6.92 | 6.94 | 6.96 | 6.98 |
| Woodie | 6.58 | 6.70 | 6.81 | 6.93 | 7.04 | 7.16 | 7.27 |
| Fibonacci | 6.70 | 6.79 | 6.84 | 6.93 | 7.02 | 7.07 | 7.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.83 | 5.76 | 6.40 | 7.33 | 7.97 | 8.90 | 9.54 |
| Camarilla | 6.62 | 6.76 | 6.91 | 7.05 | 7.19 | 7.34 | 7.48 |
| Woodie | 4.70 | 5.69 | 6.27 | 7.26 | 7.84 | 8.83 | 9.41 |
| Fibonacci | 5.76 | 6.36 | 6.73 | 7.33 | 7.93 | 8.30 | 8.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.88 | 6.16 | 7.03 | 8.31 | 9.18 | 10.46 | 11.33 |
| Camarilla | 7.31 | 7.51 | 7.70 | 7.90 | 8.10 | 8.29 | 8.49 |
| Woodie | 4.68 | 6.06 | 6.83 | 8.21 | 8.98 | 10.36 | 11.13 |
| Fibonacci | 6.16 | 6.98 | 7.49 | 8.31 | 9.13 | 9.64 | 10.46 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.65 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -19.88 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 6.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.91 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 6.94 | |
| Zig ZAG (10): | 6.76 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 28.98 | |
| TEMA (21): | 6.81 | |
| Williams %R (14): | -76.21 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.41 |
| MA7: | 6.92 | |
| MA20: | 6.98 | |
| MA50: | 7.80 | |
| MA100: | 8.44 | |
| MAexp7: | 6.82 | |
| MAexp20: | 6.87 | |
| MAexp50: | 6.89 | |
| MAexp100: | 6.91 | |
| Price / MA7: | -2.46% | |
| Price / MA20: | -3.30% | |
| Price / MA50: | -13.46% | |
| Price / MA100: | -20.02% | |
| Price / MAexp7: | -1.03% | |
| Price / MAexp20: | -1.75% | |
| Price / MAexp50: | -2.03% | |
| Price / MAexp100: | -2.32% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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