AXSUSDT has gone into a downtrend phase since November 2021 and has fallen 93% from its high and currently the price is only 12.5.
On the global chart we see a strong drop that started at $160 and the price is slowing its fall around the $12 zone, we see the coin going into a consolidation phase and moving in a sideways range for 5 months.
On the local chart I have marked key elements such as a "downward wedge" and a limit support zone. The downward wedge is a bullish set up and we can see the price pushing back from the limit support level, breaking through the wedge resistance and forming an upward momentum.
I assume that the growth can continue in the distribution phase after the breakdown of resistance. Short-term target - resistance 15.05, medium-term target - liquidity zone 19.89
Regards R. Linda!
On the global chart we see a strong drop that started at $160 and the price is slowing its fall around the $12 zone, we see the coin going into a consolidation phase and moving in a sideways range for 5 months.
On the local chart I have marked key elements such as a "downward wedge" and a limit support zone. The downward wedge is a bullish set up and we can see the price pushing back from the limit support level, breaking through the wedge resistance and forming an upward momentum.
I assume that the growth can continue in the distribution phase after the breakdown of resistance. Short-term target - resistance 15.05, medium-term target - liquidity zone 19.89
Regards R. Linda!
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NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.