Axie Infinity (AXS)

Axie Infinity is a blockchain-based trading and battling game in which you can collect, breed, raise, battle, and trade NFT token-based creatures known as Axies. Anyway, after the super upward wave of AXS finished, it entered into a correction, a long one. Now, it seems AXS is trying to break the downtrend line. If successful, the next impulse wave might have begun.

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AXS pulled back on the lowest low horizontal area. We have to wait and see if this area can hold and support AXS; if not, the next support area is below. Let's see what happens.

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Just an update.

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AXS broke the descending triangle pattern and is going up.

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So, AXS went up but couldn't pass the major horizontal resistance area. Then correction started and AXS went down. It seems AXS is ready to start another upward wave; first AXS have to break the minor downtrend line. Let's see what happens.

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So, AXS broke the downtrend line and is going up. Let's see what happens.

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So, AXS is on its way up. Let's see what happens.

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So, as it turned out, AXS's correction wasn't finished and made another downtrend wave. As a result, AXS's correction unfolded in an inverted flat triangle pattern, a big one. Let's see what happens.

SaeedSalehinia

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SaeedSalehinia