Axelar broke out with a massive candle (see 1) and peaked at $2.74 (see2)
After such a move it had to come back and fuel up for the next leg up!
It did that , beautifull retracement to 0.786 fib( My favorite dca zone) and even wicked to the 0.888 fib. while doing the latter it also turned previous resistance into support (S/R Flip)
(see 3)
Now it i has formed a beautifull inverted head and shoulders pattern that could take us to around $1.20 where we also come into previous resistance.
Let see how this plays out.
Not Financial Advise
After such a move it had to come back and fuel up for the next leg up!
It did that , beautifull retracement to 0.786 fib( My favorite dca zone) and even wicked to the 0.888 fib. while doing the latter it also turned previous resistance into support (S/R Flip)
(see 3)
Now it i has formed a beautifull inverted head and shoulders pattern that could take us to around $1.20 where we also come into previous resistance.
Let see how this plays out.
Not Financial Advise
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.