AXS/BUSD all time high correction
Updated
I'm waiting for a good entry. Support channels are possible buy entries. Going for long until the next token unlock, refer to my AXS/BUSD market cycle for more details.
Comment
It broke a rising wedge again, invalidating wave 4 and wave 5 count. Another bounce above .786 will continue the uptrend which is more likely a small pullback.Comment
The 1-5 wave count is already completed in the 4 hour timeframe while ABC wave count is still forming (almost complete in 1 hour timeframe). A good entry is somewhere 120 - 113 but do watch out for sideways. Most of the time it will trigger a breakout in the past. DCA is a good strategy if you are planning to buy it.
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