Axie Infinity, Shiba Inu & Bitcoin – Asian Wrap December 20

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Axie Infinity price braces for 27% rise as bearish momentum weakens

Axie Infinity’s price appears poised for a 27% rebound towards $ 121 if it manages to break above the resistance line of the master chart pattern. However, AXS could face many challenges before the bullish target can be reached.

Axie Infinity price offers bullish outlook

Axie Infinity’s price formed a descending wedge pattern on the 4-hour chart, suggesting an overall bullish outlook. AXS needs to break above the upper limit of the technical setup at $ 95 for the target of 27% ascent to $ 121 given by the dominant chart setup to be met.

Shiba Inu price must form a base for SHIB to rally 25%

The price of Shiba Inu has been trending steadily for about two months and shows no signs of slowing down. However, investors can expect the SHIB to form a base which will result in a reversal of the fall.

The price of the Shiba Inu seeks a base

Shiba Inu’s price has produced about four lows since the December 4 crash. Due to its downtrend, SHIB is set to retest the December 4th swing low at $ 0.0000295. Investors can expect the coin to see some sort of bullish activity around this level leading to the formation of a base.

Bitcoin poised to double dip, with bullish signs for the new year

The price of Bitcoin (BTC) saw bulls last week trying to recover the $ 50,000 marker, but this week the attempt was rejected and formed a budding bull trap. Instead, it looks like BTC will close the year back. In 2022, that means Bitcoin could see investors take advantage of the lucrative discount of around $ 44,088 to $ 43,030, with 2022 set to be a year of grand cru with new all-time highs projected to over $ 100,000.

Bitcoin will see investors take advantage of the rebate in the last two trading weeks of 2021

The price of Bitcoin had bulls appearing bullish last week with a strong rally above $ 50,000. Instead, the bulls were rejected this week at that same level and suffered a downward squeeze.

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