On the daily timeframe, AXS/USDT has confirmed a breakout, and the retest is almost complete. This retest is an important part of the breakout process, as it confirms that the previous resistance level has now become support.
Based on these patterns, we anticipate a potential 60-100% bullish move in the near future for AXS/USDT. However, it is essential to keep in mind that investing in the cryptocurrency market involves risk, and it is crucial to manage your risk and conduct your own research before making any investment decisions.
Therefore, we highly recommend conducting your own analysis and due diligence before investing in AXS/USDT or any other cryptocurrency.
If you find our analysis satisfactory, please consider following us for more updates on AXS/USDT and other cryptocurrencies. Thank you for reading, and happy trading!
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.