the hidden bullish formation is pointing to the $100
Axie Infinity Token is trading 11% higher today and the price action is forming a Poll and Flag formation on the daily price chart.
The daily price chart of the AXS token is looking above the green area of the Supertrend indicator. However, the coin saw a 150% increase in trading volume last night.
The EMA ribbon indicator is approaching a sit above the 200 EMA line, which was a short term bullish barrier. Thus, Stoch sees RSI below the halfway mark on the other hand simple RSI is going to test the overbought zone, which creates a bit of panic among the buyers.
As long as the Axie Infinity Token price remains above $60, buyers will continue the higher momentum. But still the price is below the 200 EMA line of the EMA ribbon indicator.
Support level - $45 and $35
Resistance level - $90 and $115
The daily price chart of the AXS token is looking above the green area of the Supertrend indicator. However, the coin saw a 150% increase in trading volume last night.
The EMA ribbon indicator is approaching a sit above the 200 EMA line, which was a short term bullish barrier. Thus, Stoch sees RSI below the halfway mark on the other hand simple RSI is going to test the overbought zone, which creates a bit of panic among the buyers.
As long as the Axie Infinity Token price remains above $60, buyers will continue the higher momentum. But still the price is below the 200 EMA line of the EMA ribbon indicator.
Support level - $45 and $35
Resistance level - $90 and $115