AXS – From Bubble Graveyard to Loaded Spring?

While most of CT is begging for “altseason,” I’m hunting the forgotten bubble charts – and AXS is one of the juiciest.

Since the 2021 vertical blow-off, price has bled inside a clean falling channel, volatility crushed and volume dying out. Each rally has been weaker, but the compression at the bottom of the channel now looks more like quiet accumulation than fresh distribution.

Key points from the chart:
• Multi-year downtrend contained inside a broad descending channel.
• Price riding the lower boundary with a tight, flat range = seller exhaustion vibes.
• Any sustained breakout above the midline of the channel opens the door for a sharp mean-reversion move back toward prior breakdown levels.
• Invalidation for my idea is a clean weekly close outside the bottom of the channel – that would say “one more leg down” instead of “spring.”

I’m not calling for a full 2021 repeat, but structurally this is the kind of compressed, forgotten chart that can move violently when liquidity rotates.

I’ll let the market choose direction—but if buyers step in, this thing can travel a long way in a short time.

Manage risk, don’t chase green candles… and enjoy the ride. 🚀