Cryptocurrencies Price Prediction: Axie Infinity, Binance Coin & Cardano — Asian Wrap 16 May

Axie Infinity price is on its way to $10

Axie Infinity price displays reasons to believe in further momentum to the downside. Traders should cautiously approach a short bias or avoid the digital asset until the invalidation target is breached. Axie Infinity price appears to be unfolding a wave three down like many other cryptocurrencies to start this week’s trading session. 

Binance coin price in a challenging spot as bulls breach $300

Binance coin price could be due to more decline as the technicals hint at subtle bearish control. Binance coin price has retraced 50% in a very sharp and short period of time, a textbook marker for zigzag corrections within wave three price action. 

Will Cardano price succumb and head to $0.20

Cardano price could be prepping for its final capitulation low. The technicals indicate an unfolding zig-zag that can extend as far as $0.20. Traders should be very cautious as the declining wave does hint at a 20% worth of countertrend space to potentially scalp upwards from the current price of $0.55.