AXS/USDT Bullish Momentum??? Break the Supply or retesting first

Oct 30, 2023

💎 AXS has undeniably emerged as a market focal point. Its recent trajectory showcases a triumphant breakout from the falling wedge, further solidified by a subsequent and valid retesting phase.

💎 Observing its chart, one can note that post its retest on the demand zone, AXS experienced a sharp upward surge, effortlessly breaching the supply threshold. However, its journey doesn't seem to halt there.

💎 While AXS has yet to undergo a retest after surpassing the supply zone, an optimal trajectory would see it first revisiting the demand area before setting its sights on the next supply target at $6.12. Should AXS bypass this retesting step and directly vault over the $6.12 supply mark, it could be poised for a more extensive bullish run, probability targeting the major supply zone and the bearish OB.

💎 On the flip side, markets are unpredictable. A less favorable turn of events might see AXS retracing its steps to the demand zone. If, during this phase, AXS falters and fails to uphold its position above the demand, it could signal a bearish shift. This downturn might see AXS descending further, potentially seeking refuge at a more foundational support level, underscoring the delicate interplay between bullish aspirations and bearish realities in the crypto landscape.

Dec 10, 2023

Trade closed: target reached

Just as predicted, #AXS's up a smooth 56.24%