After retesting the ~$2.0 demand zone, 
AXSUSDT broke out of its recent downtrend and could be headed for an attempt to reclaim the ~$4.0 S/R.
Key Levels to Watch
• ~$2.0: Demand zone dating back to May 2021, and current support. Any sustained break below it would invalidate any bullish TA.
• ~$4.0: Previous multi-year key support, and likely a strong resistance. Reclaiming it would flip the bias to bullish. It also aligns with the 200-day EMA, which has been very relevant for AXS in the past.
• ~$13.0: Multi-year S/R, and a reasonable target if ~$4.0 is reclaimed.
Still in a No-Trade Zone for me, until ~$4.0 is successfully reclaimed.
AXSUSDT broke out of its recent downtrend and could be headed for an attempt to reclaim the ~$4.0 S/R.Key Levels to Watch
• ~$2.0: Demand zone dating back to May 2021, and current support. Any sustained break below it would invalidate any bullish TA.
• ~$4.0: Previous multi-year key support, and likely a strong resistance. Reclaiming it would flip the bias to bullish. It also aligns with the 200-day EMA, which has been very relevant for AXS in the past.
• ~$13.0: Multi-year S/R, and a reasonable target if ~$4.0 is reclaimed.
Still in a No-Trade Zone for me, until ~$4.0 is successfully reclaimed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.