AXIE INFINITY SHARDS - AXS/USD - Daily - Technical analysis published on 06/29/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 5.98 USD
My targets
4.71 USD (-14.83%)
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/USD as long as the price remains well below 5.98 USD. The next bearish objective for sellers is set at 4.71 USD. A bearish break of this support would revive the bearish momentum. 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.3
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AXIE INFINITY SHARDS - AXS/USD rating 5.53 USD. On the day, this instrument lost -0.18% and was traded between 5.48 USD and 5.56 USD over the period. The price is currently at +0.91% from its lowest and -0.54% from its highest.5.48
5.56
5.53
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of AXIE INFINITY SHARDS - AXS/USD in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.71 | 5.53 | 5.98 | 7.34 | 9.39 |
| Change (%) | -14.83% | - | +8.14% | +32.73% | +69.80% |
| Change | -0.82 | - | +0.45 | +1.81 | +3.86 |
| Level | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 4.93 | 5.19 | 5.37 | 5.63 | 5.81 | 6.07 | 6.25 |
| Camarilla | 5.42 | 5.46 | 5.50 | 5.54 | 5.58 | 5.62 | 5.66 |
| Woodie | 4.88 | 5.17 | 5.32 | 5.61 | 5.76 | 6.05 | 6.20 |
| Fibonacci | 5.19 | 5.36 | 5.47 | 5.63 | 5.80 | 5.91 | 6.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.38 | 4.10 | 5.00 | 5.72 | 6.62 | 7.34 | 8.24 |
| Camarilla | 5.47 | 5.61 | 5.76 | 5.91 | 6.06 | 6.21 | 6.36 |
| Woodie | 3.48 | 4.15 | 5.10 | 5.77 | 6.72 | 7.39 | 8.34 |
| Fibonacci | 4.10 | 4.72 | 5.10 | 5.72 | 6.34 | 6.72 | 7.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.36 | 5.43 | 6.14 | 7.21 | 7.92 | 8.99 | 9.70 |
| Camarilla | 6.37 | 6.53 | 6.70 | 6.86 | 7.02 | 7.19 | 7.35 |
| Woodie | 4.19 | 5.34 | 5.97 | 7.12 | 7.75 | 8.90 | 9.53 |
| Fibonacci | 5.43 | 6.11 | 6.53 | 7.21 | 7.89 | 8.31 | 8.99 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.30 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | 1.04 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 5.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.30 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 4.87 | |
| Zig ZAG (10): | 5.53 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 57.26 | |
| TEMA (21): | 5.56 | |
| Williams %R (14): | -49.44 | |
| Chande Momentum Oscillator (20): | 0.64 | |
| Repulse (5,40,3): | -4.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6900 | |
| Courbe Coppock: | 29.46 |
| MA7: | 5.74 | |
| MA20: | 5.25 | |
| MA50: | 6.22 | |
| MA100: | 7.22 | |
| MAexp7: | 5.62 | |
| MAexp20: | 5.62 | |
| MAexp50: | 6.18 | |
| MAexp100: | 6.92 | |
| Price / MA7: | -3.66% | |
| Price / MA20: | +5.33% | |
| Price / MA50: | -11.09% | |
| Price / MA100: | -23.41% | |
| Price / MAexp7: | -1.60% | |
| Price / MAexp20: | -1.60% | |
| Price / MAexp50: | -10.52% | |
| Price / MAexp100: | -20.09% |
Quotes :
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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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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