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Chart of the Day – AXIE UPDATE – AXS/USDT DAILY CHART
AXS retraced with the rest of the market, from a high in November 2021 of US$165, to find a low in January 2022, at $45. It managed to break out of the daily, descending, resistance trend line on February 6, tracing all the way back to November 2021, but the price did drop back to the $45 support level thereafter. About a week ago, it managed to break the second resistance line and has quickly accelerated to US$75. There has been a slight retrace over the last 4 days, back down to US$65, which is a good area of support.
The 0.618 Resistance between the $165 high and the low of US$45, sits at around US$120. This area will provide an opportunity to take profits, once the price gets there.
You can find all of Sheldon’s entries, take-profit zones, key support and resistance areas by signing up to CoinPanel, where over 30 unique charts are regularly updated with all the key levels to watch out for.
