Looking at the chart, you can see that AXS has formed a strong support at the Fib61% retr.
It is a very good resistance, but need one more thing to confirm that it’s going up to 14$, what is it?
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first, i wanna thank that last tiny brain cell that ALWAYS ask me for a "confirmation candle before entering a trade"...cheers!
second, whats hapening now? should we abort the mission or continue?
well, i lost the trust with this sh*t coin...but how he'll gain my trust again? easy AXS should breakup the support line again THEN IT SHOULD RETEST THE LINE BEFORE CONTINUE IT'S UPWARD MOVE (see chart below)
but what if it brake the line and continue to move up with NO RETEST? ...well FUK it, i'm not entering...i have morals :)
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if u'r asking why you need a "retest"?
coz i need a proof that the original "STRONG SUPPORT" line is back to act as a SUPPORT LINE...coz what if AXS played a "fake breakout"?
it's all about TECHNICAL ANALYZIZ. ...INDICATORS ARE FOR PUSSIES!!!!!!!!!!!!!!!
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yo, as we talked about. the price is enslaving the blue box as SUPPORT again...so this is good (like we expected)
what to do now?
if you have balls, go for a buy trade now if mini-balls you have, wait till the needed confirmation candle (breakout the FIB chan.) and BE A LEGEND WHO STICK TO HIS PLAN!
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if this green bar closed with an enough long body, i'm getting in