AXS
Trading Setup: Price is currently experiencing an uptrend. After a bullish breakout from a Descending Triangle pattern, the price has surpassed our target of $9.50 and may aim for $11.00 next, presenting a potential upside of +16%. Place a Stop Loss (SL) at $9.00 (set a price alert).
Trend: The uptrend is observed across all timeframes (Short-, Medium-, and Long-Term).
Momentum: Bullish momentum is evident (MACD Line is above MACD Signal Line, and RSI is above 55).
Support and Resistance: The nearest Support Zone lies at $7.00 (formerly a resistance level), followed by $6.00. The closest Resistance Zone was breached at $9.50, with the next at $11.00.
