A month ago I made an analysis on AXS. In this analysis I argued that AXS was likely going to see more bearish price action. And indeed, since my last AXS analysis this token has lost around 2/3rd of its value, bring it well below my bearish targets.
At this point it's becoming clear that there's no hope for the bulls anymore this cycle. Best that the bulls can do it let AXS dump and wait for a better entry.
As far as I'm concerned, I'm looking at the $8 to $2 for a potential long-term entry. Wouldn't even be surprised if we go below $2 in the coming months.
Patience is key.
At this point it's becoming clear that there's no hope for the bulls anymore this cycle. Best that the bulls can do it let AXS dump and wait for a better entry.
As far as I'm concerned, I'm looking at the $8 to $2 for a potential long-term entry. Wouldn't even be surprised if we go below $2 in the coming months.
Patience is key.
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