Axie Infinity Daily Chart Analysis

Yesterday we looked at Axie Infinity (AXSBTC) on the weekly/long-term chart... Today we will have a look at the daily timeframe.

First, we can see how nicely EMA50 and EMA100 match the Fibonacci numbers.

We have the highest volume bar since November 2021 and a break above EMA50 yesterday and EMA100 today.

Bullish indicators, MACD and RSI.

Now, my reason to post this is to show you the next target.

The main resistance short-term for this bullish move is the 1.618 Fib. extension level at 0.002061.

It is possible to have a correction or small retrace after this level is reached and then another jump to 2.618 Fib. which is sitting at 0.002633.

If you are trading this daily, you now have a better view of what is going to happen next.

I hope you enjoyed this analysis.

Thanks a lot for the continued support.

I Love You! :D

Namaste.