AXSUSDT
AXS USDTAXS USDT had already break from the falling wedge pattern and continue with inverted head and shoulder pattern, probably will retest the inverted head and shoulder once again around 71, in my opinion the retest will be a good entry with the target price around 92-95. Also the the macd is showing us a bullish divergence which is a good call to long AXS.
AXS Movment Seems BullishForming an inverted head and shoulder pattern and defeating it, it entered a very powerful rally and was able to break itself ATH.
It has now entered the rest and suffering phase to gather the necessary strength to continue the rally.
The possible move is marked on the chart and the probability of continuing the uptrend is much higher than the reversal of the trend.
Uptober has been good so far! Keep an eye on AXSHere's a quick Look at AXS 15 min chart. As we can see, the price has been forming a bull pennant and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the bull pennant with good amount of volume .
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The idea is: Buy the breakout from the bull pennant and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 117.5$
2. 120$
3. 127$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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AXSUSDT Technical Analysis
⏳ Spot
💎 AXSUSDT after breaking out of the Wedge pattern it went for a Pullback but got rejected at the Support zone. It has been ranging at the support zone but i expect that soon the Bulls step in and move the price higher,.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 65.00
☕️ TP1 71.30
🍺 TP2 78.65
🍻 TP3 92.00
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 60.00
Good Luck 🎲
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