Axie Infinity (AXS)! A huge hackers attack happened on a gaming project this week! About 622M was stolen! How will this affect the price? Let's find out!
Right now the price is in the descending channel. Also, we can say that this is a bull-flag pattern. According to the rules, when the price breaks this flag, it should grow by 46% and reach the target of $90-100!
We expect a test of the $53-58 value zone and a false breakout! If a BIG player will buy, we will see it on the big volumes!
Will the price go up or down after the HACK? Write in the comments!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.