AXS False Breakout to continue the previous Sideway?
Support: 64-65
Resistance: 71-72
Due to AXS failed to make a BULLISH breakout, MACD indicated the price goin down back to support level.
We can see that 64-65 is strong support area. If u agree that AXS goin sideway again, open BUY in support area would be good decision.
However, there is possibility that AXS goin up in this recent level following BTC uptrend.
Note: not a financial advisor. Money Management MUST be applied
Resistance: 71-72
Due to AXS failed to make a BULLISH breakout, MACD indicated the price goin down back to support level.
We can see that 64-65 is strong support area. If u agree that AXS goin sideway again, open BUY in support area would be good decision.
However, there is possibility that AXS goin up in this recent level following BTC uptrend.
Note: not a financial advisor. Money Management MUST be applied
Bình luận:
New Resistance area for AXS is 78-80. previously double top has been formed and recently the price drops to support area 70-72. In TF 4H, the support line is no longer sideway, but forming a lower-high
If the price goin down most likely it will go back to support level 64