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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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.