---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
AXS/USDT: Last drop expected before bullish reversal
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets AXS suffered about negative global market situation especially the recent underperformance in Metaverse industrie
- AXS is expected to do a last drop in excess to triggered the bullish divergence on going.
Market configuration
- Graphical Elements :
Graphical Resistance = 54 & 166
Graphical Support = 13,50
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 35,40 = Bearish
RSI indicator (below) is on going divergence = Bullish reversal
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) is set at = 17,90
Fibonacci resistance of the wave in progress = 35
Fibonacci support of the wave C (B)(max extension) = 13,50
Fibonacci Bullish Target = 54
Conclusion
Preferred case => Regarding the mid-term element, AXS is expecting to print a last drop before reversing up sharply as long as 13,50 remains support in order to test and surpass 35,00 first before reaching 54,00
Alternative cases => Breaking 13,50 a significant drop will open the door towards close 0 = crash
AXS/USDT: Last drop expected before bullish reversal
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets AXS suffered about negative global market situation especially the recent underperformance in Metaverse industrie
- AXS is expected to do a last drop in excess to triggered the bullish divergence on going.
Market configuration
- Graphical Elements :
Graphical Resistance = 54 & 166
Graphical Support = 13,50
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 35,40 = Bearish
RSI indicator (below) is on going divergence = Bullish reversal
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) is set at = 17,90
Fibonacci resistance of the wave in progress = 35
Fibonacci support of the wave C (B)(max extension) = 13,50
Fibonacci Bullish Target = 54
Conclusion
Preferred case => Regarding the mid-term element, AXS is expecting to print a last drop before reversing up sharply as long as 13,50 remains support in order to test and surpass 35,00 first before reaching 54,00
Alternative cases => Breaking 13,50 a significant drop will open the door towards close 0 = crash
Trade aktif
Support tested - view still valid
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.