AXSUSDT

Jul 15, 2023

AXSUSDT has been in a downtrend since late January, each time meeting resistance from the downtrend line marked on the chart and pushing the price lower.

However, we are now seeing the price stabilize and the downtrend line break. The price trend has changed from down to up, which can be confirmed with higher pivots.

I try to wait for a retest after the trend lines break or find a complete confirmation of the end of the previous trend. In this case, we can wait for the price to test $6 again or wait for the upper resistance to break, which is marked with a red box on the chart.

However, in general, we should expect the start of an uptrend at least up to 9.5 USDT.
The overall trend is expected to be bullish.

⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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Jul 24, 2023

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Jul 28, 2023

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as i expected 🙌