AXIE INFINITY - AXS/USDT - 1H - Technical analysis published on 07/17/2021 (GMT)
- 271
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 19.59 USDT
My targets
16.88 USDT (-4.58%)
14.99 USDT (-15.26%)
My analysis
The bearish trend is currently very strong for AXIE INFINITY SHARDS - AXS/USDT. As long as the price remains below the resistance at 19.59 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 16.88 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.99 USDT as an objective. Crossing it would then enable sellers to target 13.02 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AXIE INFINITY SHARDS - AXS/USDT price is 17.69 USDT. The price registered a decrease of -15.60% on the session with the lowest point at 17.65 USDT and the highest point at 21.18 USDT. The deviation from the price is +0.23% for the low point and -16.48% for the high point.17.65
21.18
17.69
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AXIE INFINITY SHARDS - AXS/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.75 | 13.02 | 16.88 | 17.69 | 19.59 | 21.42 | 25.61 |
| Change (%) | -39.23% | -26.40% | -4.58% | - | +10.74% | +21.09% | +44.77% |
| Change | -6.94 | -4.67 | -0.81 | - | +1.90 | +3.73 | +7.92 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.57 | 16.02 | 18.49 | 22.94 | 25.41 | 29.86 | 32.33 |
| Camarilla | 19.06 | 19.69 | 20.33 | 20.96 | 21.59 | 22.23 | 22.86 |
| Woodie | 10.58 | 15.53 | 17.50 | 22.45 | 24.42 | 29.37 | 31.34 |
| Fibonacci | 16.02 | 18.66 | 20.30 | 22.94 | 25.58 | 27.22 | 29.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.41 | 3.16 | 10.42 | 14.99 | 22.25 | 26.82 | 34.08 |
| Camarilla | 14.43 | 15.51 | 16.60 | 17.68 | 18.76 | 19.85 | 20.93 |
| Woodie | -0.07 | 3.83 | 11.77 | 15.66 | 23.60 | 27.49 | 35.43 |
| Fibonacci | 3.16 | 7.68 | 10.47 | 14.99 | 19.51 | 22.30 | 26.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.75 | 1.81 | 3.74 | 4.80 | 6.73 | 7.79 | 9.72 |
| Camarilla | 4.85 | 5.12 | 5.40 | 5.67 | 5.94 | 6.22 | 6.49 |
| Woodie | 1.19 | 2.03 | 4.18 | 5.02 | 7.17 | 8.01 | 10.16 |
| Fibonacci | 1.81 | 2.95 | 3.66 | 4.80 | 5.94 | 6.65 | 7.79 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.65 | |
| MACD (12,26,9): | -1.1000 | |
| Directional Movement: | -19.15 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 18.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.36 | |
| Elder Ray (13): | -1.08 | |
| Super Trend (3,10): | 20.44 | |
| Zig ZAG (10): | 18.24 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 7.80 | |
| TEMA (21): | 17.91 | |
| Williams %R (14): | -87.75 | |
| Chande Momentum Oscillator (20): | -1.45 | |
| Repulse (5,40,3): | -2.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7400 | |
| Courbe Coppock: | 16.49 |
| MA7: | 20.50 | |
| MA20: | 13.25 | |
| MA50: | 7.79 | |
| MA100: | 7.49 | |
| MAexp7: | 18.50 | |
| MAexp20: | 19.61 | |
| MAexp50: | 21.22 | |
| MAexp100: | 21.46 | |
| Price / MA7: | -13.71% | |
| Price / MA20: | +33.51% | |
| Price / MA50: | +127.09% | |
| Price / MA100: | +136.18% | |
| Price / MAexp7: | -4.38% | |
| Price / MAexp20: | -9.79% | |
| Price / MAexp50: | -16.64% | |
| Price / MAexp100: | -17.57% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AXIE INFINITY - AXS/USDT - 1H