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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.