✴️ Axie Infinity Mid-Term 800% But, New All-Time High Long-TermLet me share a quick reminder... These targets we are seeing are based on the short- to medium-term only, long-term we are talking about new All-Time Highs, many times higher than what we are seeing now.
We visited some of these ATHs and will do so again after the 2024 Bitcoin halving event. After this event we can better focus on the targets for the long-term.
➖ Axie Infinity (AXSUSDT) is clearly bullish but still trading weekly below EMA50, this means that it is still early for this pair.
➖ Currently volume has been rising, with the biggest green week happening in late November; good omen.
➖ The downtrend/descending channel is a thing of the past and AXSUSDT is now growing above EMA10 and EMA21.
➖ With a strong RSI, we can easily predict the next move as happening to the upside.
Remember that sudden retraces and strong corrections can show up, specially if Bitcoin crashes by surprise... But we would end in a higher low followed by additional growth. No panic necessary if anything unexpected happens, we are set for a green year in 2025 and 2024.
Namaste.
