Axie Infinity Eternal Uptrend vs Correction, Bullish Jump Ahead!

23 mar 2022

Here is one of those Altcoins with an "Eternal uptrend".

We can see the classic 5 wave count from our friend R.N. Elliot, followed by an ABC correction that landed at EMA50 and/or the 0.618 Fib. retracement level for the last bullish wave.

This can signal that a new jump is about to take place.

Zoom in on the correction:

We can see the descending channel being broken.
EMA50 working as support.
The new +1 count on the TD sequential,
A this weekly candles bullish jump.

How do you like it?

Thanks a lot for the continued support.

Namaste.