Hello trading friends,

Most markets are still into a downtrend – and there needs more time so that the most coins could get again green – but at the same time it’s crypto and things could happen in the short term – one thing is sure – there is no guarantee for any price action.

Crypto markets did learn us, that today can be green and tomorrow red, and the same for another side.
So that’s why it’s important to trade only with a plan, and yes sometimes it’s hard, but the try should be there at last.

Back to AXS – Why this chart
This chart view is purely dependent on price action including some TA trends.

We have seen before AXS did go with BTC , as 90% of coins do when there is a breakdown trend – but there is some things that make AXS very interesting, and I think some of the traders as you could see this also, or knowing already the effects of breakout in patterns as this.

is there a guarantee that AXS will show a huge breakout? sure no – it’s crypto and all is possible, but in the world, like crypto, we depend on more chance. let’s say what the markets show now depending on my expectations I see AXS increasing and having a breakout coming time – it’s purely a view from different study trends.

There is in most time not always a reason to buy a coin directly – some known hedge funds use the way of % view. it means when a coin increases some % depending on their counting, the coin gets interested, and of course, there are more trading ways.

For me personally also interesting to see where AXS will go – and will follow to see the effects of it, and or it will prove that the trading study and the signals that it shows are real for a breakout.

Have a good time.

@ this is not trading advice – trade only depending on your setups.