Axie Infinity (AXS); when to buy?
The resistance level with the upper border of $15.02 was broken on the Daily price chart on September 3. The trend is bullish now and the correction wave develops.
A pullback buying opportunity will appear after the correction completion on the Daily timeframe.
The highs of September 3 – 5 will be the target for the bullish movement continuation after the correction is finished.
In case of successful development of the trend, a more distant target will be on the highs of August 12 – 15, where the next resistance is located with the borders of $19.23 – $19,90.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 26 – 30. The borders of this support are $13.0 – $13.15.
A pullback buying opportunity will appear after the correction completion on the Daily timeframe.
The highs of September 3 – 5 will be the target for the bullish movement continuation after the correction is finished.
In case of successful development of the trend, a more distant target will be on the highs of August 12 – 15, where the next resistance is located with the borders of $19.23 – $19,90.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 26 – 30. The borders of this support are $13.0 – $13.15.
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