Over the course of a couple of days, AXS has been slowly crawling up. During this period, a bullish triangle pattern has emerged.
It's not certain yet if AXS will break out. Wait for a higher time frame close above $72 to confirm the bullish bias. Main targets are the $80 and $90 resistance areas in the near-term.
On the other hand, a bearish move will follow if BTC fails to move up in the coming days. Expect $60 to be the major support, potentially causing a reversal.
Happy trading!
It's not certain yet if AXS will break out. Wait for a higher time frame close above $72 to confirm the bullish bias. Main targets are the $80 and $90 resistance areas in the near-term.
On the other hand, a bearish move will follow if BTC fails to move up in the coming days. Expect $60 to be the major support, potentially causing a reversal.
Happy trading!
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