#AXS is in the $7.90-$8.30 support zone, and there is no sign of strength yet . Don’t rush for new longs and wait for more confirmations.
📈Altcoin Charts 📉
📈Altcoin Charts 📉
#AXS price has reached the top of the descending channel, and it is expected that it can break the channel this time. After breaking the channel and crossing the resistance, it will probably continue to grow up to $10.80 .
📈Altcoin Charts 📉
📈Altcoin Charts 📉
#AXS ( Spot )
Entry : 8.000$
Targets : $9.000 - 10.500 - 13.000
Stop Loss : $6.600
Exchange : #Binance
@Altcoin_Charts
Entry : 8.000$
Targets : $9.000 - 10.500 - 13.000
Stop Loss : $6.600
Exchange : #Binance
@Altcoin_Charts
#AXS is currently moving in a bullish Channel , which serves as strong support. price gradually approaching a key resistance level around the $8.50 - $8.16 mark.
It seems that according to the maintenance of the bullish Channel. if the resistance range of $8.5 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high.
If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid.
A successful break above resistance level could lead to a continuation of the upward trend, while failure to break through may result in a price correction. Careful monitoring of the price behavior around this resistance level is crucial for making informed trading decisions.
At the moment, we do not have a signal for a bearish trend on the price chart.
@Altcoin_Charts
It seems that according to the maintenance of the bullish Channel. if the resistance range of $8.5 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high.
If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid.
A successful break above resistance level could lead to a continuation of the upward trend, while failure to break through may result in a price correction. Careful monitoring of the price behavior around this resistance level is crucial for making informed trading decisions.
At the moment, we do not have a signal for a bearish trend on the price chart.
@Altcoin_Charts
#AXS moved as expected and failed to break the resistance level of $8.700-$8.400.
The specified resistance area was not fully consumed and invalidated the bullish scenario.
The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300.
Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards.
A breakdown below the demand area would negate the bullish outlook and potentially lead to extended declines.
@Altcoin_Charts
The specified resistance area was not fully consumed and invalidated the bullish scenario.
The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300.
Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards.
A breakdown below the demand area would negate the bullish outlook and potentially lead to extended declines.
@Altcoin_Charts
#AXS is testing a supply level that can continue to grow until the next supply level by successfully passing this level.
If $AXS manages to break the supply level of $6.500-$6.300 in the daily chart and close above it, it will show an upward confirmation, which indicates the continuation of the upward movement towards the target resistance zone.
If the price fails to break through the current resistance level, there may be a potential return to lower levels, and the price can fall to the demand area of $5.400.
@Altcoin_Charts
If $AXS manages to break the supply level of $6.500-$6.300 in the daily chart and close above it, it will show an upward confirmation, which indicates the continuation of the upward movement towards the target resistance zone.
If the price fails to break through the current resistance level, there may be a potential return to lower levels, and the price can fall to the demand area of $5.400.
@Altcoin_Charts