💎 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
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🎳 Entry at market or 65.00
Hello, my friends
This is my own strategy for AXS long position.
Entry points: 61.60 --- 60.36
*This content is not financial advice. Trade at your own risk.
What is a Symmetrical Triangle Pattern?
The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend. This pattern is...
AXS is making clean corrections higher and higher. We are seeing another bullish pennant like we saw last time which had a massive breakout.
Anticipating a similar move this time round.
Watch for bullish pressure on lower timeframe and get in!
I am still convinced that this is not the end of the rally that AXS will serve us this year. We have lost our support, there is a very important zone ahead of us, which I will treat as a place for new purchases. When I see demand responses in this area, I will be long. I will keep you informed about further movements.
AXS is in a rising channel and looks set to hit the next R/S level around $74 NOTE: Take Profits around $69/$70 which is an area of resistance.
All this, of course, depends on BTC not doing anything stupid - but, tomorrows Friday so we could see a little bit of steady growth.
However, please remember the whales do work weekends. This last big dump began on...
- On the chart we can spot an ending diagonal Elliott Wave.
- The price is at the top of the channel, which acts now as a resistance.
- Is it now good time to sell? Due to technical probably yes.
- There is also a bearish divergence on the RSI indicator!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward...
Played out pretty good as a triangle! $$$ Some thing to remember though is counts can change and every candle is added information to the puzzle, always looking for it to lead to clarity! $$$$$$$ But for now, news a side i think it played dece as a triangle. Those that know, know a triangle as a B wave is a bit different than a Wave 4 triangle so looking for the...
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and...