Axie Infinity AXS to $8 - Swing trade opportunity.On the above 1-day chart price action has increased 380% in 15-days. That’s amazing. There is now a number of reasons to be bearish in the short term:
1) While the ‘great sell’ signal has not yet triggered it is in the post, the little blue triangle above price action tells me that. Look left.
2) Price action is well outside the upper Bollinger Band (not shown here) it will collapse to the mean, which is currently at $6.70.
3) When RSI was at the current levels (green circles) price action collapsed 40%.
Easiest swing trade ever.
Good luck!
WW