If you like AXS project its great, I too but this idea is purely based on technical analysis.
OBV is very important for coins like AXS as 40% is traded IN BINANCE. OBV is simply calculated by adding positive days volume and subtracting from negative days.
as you can see only 6.5% OBV increased and almost 120% price increase which has high imbalance. this can be due to too many bulls and few bears, while bulls bully bears.
most indicators showing 70 - 80 $ is fair value price of AXS . check MA and just add VPVR than you will find there 2 price zones 1st is 40$ (main) and other is 70$ so when volume kick in at these price levels its very hard to keep up.
so close some profits and open small long term shorts. it may reach 150$ after that if OBV still lag it can be next EOS (check OBV of EOS during may cycle.). just don't ape at these prices buy on correction.
it may pump till 150. so carefully DCA shorts
thank you
OBV is very important for coins like AXS as 40% is traded IN BINANCE. OBV is simply calculated by adding positive days volume and subtracting from negative days.
as you can see only 6.5% OBV increased and almost 120% price increase which has high imbalance. this can be due to too many bulls and few bears, while bulls bully bears.
most indicators showing 70 - 80 $ is fair value price of AXS . check MA and just add VPVR than you will find there 2 price zones 1st is 40$ (main) and other is 70$ so when volume kick in at these price levels its very hard to keep up.
so close some profits and open small long term shorts. it may reach 150$ after that if OBV still lag it can be next EOS (check OBV of EOS during may cycle.). just don't ape at these prices buy on correction.
it may pump till 150. so carefully DCA shorts
thank you