Axie Infinity, UniSwab & Shiba Inu — Asian Wrap 05 Jan

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Axie Infinity price appears to have stabilized between the $90 to $100 value areas. Additionally, strong buying and shorting signals exist on the $5.00/3-box reversal Point and Figure Chart. Axie Infinity price could rally by more than 40% to hit $170. Bulls have vigorously defended AXS from further downside pressure.

 

Uniswap price action is setting up short-sellers for one nasty bear trap. Despite the presence of a possible triple-bottom breakout, a move lower would only further enhance the bullish reversal that is coming up.Downside risks are limited to the near term and are easily invalidated.

 

Shiba Inu price has been stuck in a very, very constricted trading range over the past seven trading days, but throughout December, SHIBA formed a strong support zone and a new Volume Point Of Control – indicating a new uptrend may be imminent.



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