AXS Technical Analysis in Weekly Timeframe
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Now, let’s dive into this chart analysis:
AXS has been in a downtrend since it hit its all-time high back in November 2021. The price failed to rise to its potential level and is currently close to its support level.
AXS is expected to hold this support level, which ranges between $3.3 and $4.5. If the market favors it, the price is expected to rebound and rally, breaking above the resistance trendline.
Key levels:
- Important Support: $3.3-$4.5.
- Resistance: $6.6.
- Targets: $12.5, $18.8, $36, $66.5.
- Invalidation Point: A close below $3.3 support level.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
AXS has been in a downtrend since it hit its all-time high back in November 2021. The price failed to rise to its potential level and is currently close to its support level.
AXS is expected to hold this support level, which ranges between $3.3 and $4.5. If the market favors it, the price is expected to rebound and rally, breaking above the resistance trendline.Key levels:
- Important Support: $3.3-$4.5.
- Resistance: $6.6.
- Targets: $12.5, $18.8, $36, $66.5.
- Invalidation Point: A close below $3.3 support level.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
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