Polkadot, Axie Infity & Ethereum — Asian Wrap 29 Sep

Polkadot price remains a laggard for how little it has moved from its recent swing highs compared to its peers. As a result, steep retracements towards the low $20 range are likely. Oscillator levels support sustained selling pressure.

 

Axie Infinity price can rally for a 20% gain if a split-triple top pattern in Point and Figure analysis is broken. However, danger caution should remain if the broader cryptocurrency market continues to weaken and becomes exceedingly bearish.

 

Ethereum price continues to slide further south and faces its last Ichimoku support level. The $2,900 value area is the last support zone before a mini-flash crash would see Ethereum flush towards $2,500. Ethereum price must hold above Senkou Span B or face a -14% drop


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