Update on $BANANA Banana token have broken out of the resi | Mails on Binance Square

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Update on $BANANA 
Banana token have broken out of the resistance line and it's now aiming to reach our target above. 
 #BinanceHODLerBANANA 

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Understanding Axie Infinity Axie Infinity is a popular blockchain-based gaming platform that allows players to breed, battle, and trade digital creatures called Axies. The platform's native token, $AXS , plays a crucial role in its ecosystem, serving as a governance token and rewarding players. Triple Bottom Formation As seen on the chart, it reveals a promising technical pattern for AXS: a triple bottom formation. This pattern occurs when a price forms three consecutive lows at approximately the same level, often signaling a potential reversal from a downtrend. Accumulation and Distribution As seen in the chart, I also highlighted distinct accumulation and distribution zones. This accumulation zone, marked by a period of sideways trading with lower volume, suggests that investors are gradually buying $AXS at a relatively low price. The distribution zone, is where price volatility are expectd as the chart indicates a potential upward pressure. Parabolic Trend Given the triple bottom formation and the potential for a breakout from the distribution zone, AXS is positioned for a parabolic trend. This means the price could experience a rapid and sustained upward movement. Target Prices The chart indicates two ideal target prices and beyond: * TP1: 75.871 * TP2: 111.963 If $AXS successfully breaks out from the distribution zone and maintains its upward momentum, it could reach these target prices. In Summary The triple bottom formation and the potential for a parabolic trend suggest a bullish outlook for $AXS . Stay tuned for more updates and remember to interact and share your opinions in the comment section. keep trading with Binance! #AXS/USDT #AXS #AXSBULLISH

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