AXS / TetherUS
Largo

AXS: Approaching Resistance

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Trade setup: Following news of AXS taking steps to decentralize, price bounced off of $6 support level, with huge volumes, and reached $10 resistance. If it breaks that, the next major resistance is $14, which is also 200-day moving average.

Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $6. The nearest Resistance Zone is $10, then $14, and $20.

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