$AXS - Head and Shoulders pattern - 1w
AXS/USDT Long:
Entry: 10,5
Target: 27,9
Stop: 6,19
RR 1:4
And here's why 👇
I see several confirmations of a bullish move forming.
First of all, if we open the global chart and make a Fib Retracement, we can see the zones of interest, usually the key zone is the 0.618 level. The price has broken this level and is testing it now.
The second confirmation for me is the Head and Shoulders pattern. Usually, in technical analysis, this figure means a trend reversal. I tend to think that the downtrend is complete and we are at the point of a trend change to an uptrend.
Always remember that we work with probabilities and there is no 100% confirmation of any scenario.
