Axie Infinity (AXS) has had a rough week: On July 1, it was trading at just above $5. One week later and following two consecutive two-day rallies, the price was charging past $19. AXS price has since dropped between $18 and $19, yet the coin’s weekly stats are still outstanding: 118% against United States dollar and 119% against Bitcoin (BTC) in a week.
As AXS sits on top of the seven-day price change chart, many traders are wishing that they could have known earlier in the week that the asset was ready to explode. While it is impossible to see into the future, more often than not, solid knowledge of historical precedent can be helpful in identifying opportunities early. That is, if you have the right optics to recognize patterns that previously spelled huge gains.
Not every bull run is underpinned by the same conditions as the ones seen before, but in the case of this week’s AXS price action, a historical precedent has clearly been instructive.
As visible in the AXS price graph, a sequence of high scores was first registered around noon on July 2 (first red circle), roughly 24 hours before the coin’s price jumped from $6.14 to $9.24 (first and second red boxes).
This was already a solid enough run, but the asset kept pushing after a short plateau. On Tuesday, another streak of dark-green scores popped up (second red circle), preceding yet another leg of the rally, from $10.60 to $16 in several hours.
This impressive price action is not out of character for the times when AXS gets a high VORTECS
Of those 33 days, 25 of them showed that the coin delivered at least a 3% return within 72 hours after reaching the 80-VORTECS
Apparently, some coins are more likely than others to travel through beaten paths on their way to massive return on investments, and now there is a quant-style tool to help traders spot such movement early.
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