Hello Traders! CTDave here again with another daily price analysis chart.
Today I will be analyzing Axie Infinity (AXS).
If we look at the 2-hour chart, we will see a head-and-shoulders pattern forming. The head and shoulders give us an opportunity to go short. I am planning on entering a short if the close is below the confirmation point. The SL is just above the right shoulder. If this trade turns out, it will be very profitable. Thanks for reading!
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Today I will be analyzing Axie Infinity (AXS).
If we look at the 2-hour chart, we will see a head-and-shoulders pattern forming. The head and shoulders give us an opportunity to go short. I am planning on entering a short if the close is below the confirmation point. The SL is just above the right shoulder. If this trade turns out, it will be very profitable. Thanks for reading!
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.