AXS Initiated an Upward Trend
AXS began an upward trend after breaking the downtrend's resistance level, continuing until reaching the resistance area marked by the orange zone, prompting a price correction. Anticipation of resumed price growth upon the emergence of bullish patterns. On the daily timeframe, the blue box holds as a crucial support level, and a breach of this support might signal a potential shift to a downward trend.
2/3/20241 min read
AXS initiated an upward trend after successfully breaking through the downtrend's resistance level. This upward movement persisted until it reached the resistance area, marked by the orange zone, where a price correction subsequently occurred. The resumption of price growth is anticipated if bullish patterns appear. On the daily timeframe, the blue box serves as a crucial support level. A breach of this support could lead to a downward trend in the daily timeframe.