Axie Infinity (AXS) - February 23Hello?
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(AXSUSDT 1W Chart)
First resistance section: around 70.38
Second resistance section: 92.72-103.90
Support section: 36.87-48.04
It is important to keep the price above the 53.50 point in order to completely break out of the downtrend line.
If it goes down, you should check to see if you find support in the support zone.
(1D chart)
In the movement between February 25th - March 13th, it is necessary to check which point in the section 36.87-48.04 deviates.
If it falls below the 36.87 point, there is a possibility that it will fall near the 14.14 point, so a Stop Loss is required to preserve profit and loss.
A move above the 48.04 point is expected to lead to a move to move above the 70.38 point.
However, careful trading is required as it is expected to swing up and down to cross the M-Signal line of the 60SMA and 1W charts.
This movement is expected to occur near the 59.03 point.
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(AXSBTC 1W chart)
Resistance range: 0.001906-0.002143
Support period: 0.000723-0.000960
It is important to rise above the 0.001433 point.
In particular, it should break out of the downtrend line.
Otherwise, it is expected to consolidate in the 0.000960-0.001433 section.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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