Since it's inception on Binance, AXS has been trading in a strong up-trending bullish triangle.
However, AXS is losing value almost weekly since late October. It doesn't seem that the bears are done selling yet, so I'd wait until the price reaches the yellow area on the chart for a potential long-entry.
Target would, ideally, be the top of the channel. However, since AXS is one of the top-performers of the bull-run it might be the case that we're not going to see another ATH again this bull-run.
Happy trading!
However, AXS is losing value almost weekly since late October. It doesn't seem that the bears are done selling yet, so I'd wait until the price reaches the yellow area on the chart for a potential long-entry.
Target would, ideally, be the top of the channel. However, since AXS is one of the top-performers of the bull-run it might be the case that we're not going to see another ATH again this bull-run.
Happy trading!
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