Hello! So let's break down the analysis:
Fundamental Analysis:
1. Axis is directly influenced by Bitcoin
Bitcoin dumps massively -> Axis dumps or consolidates
Bitcoin pumps -> Axis pumps slightly or consolidates
Bitcoin minor correction or consolidation -> Axis pump insanely, just like right now
2. Fundamentally, Axis growth is going exponential, the traded volumes are increasing greatly!! Very bullish sign. Adoption is insane.
Technical Analysis:
1. As we can see, Axis formed a bullish triangle, or if you consider the previous run, it made a bullish flag pole. these chart structures have 66% chance to break upwards.
2. The usual approach is, we take the pole length and put it where it broke out to find out rough selling target
3. As I studied the past chart of Axis, more than technical supports and resistance, Axis tends to follow Psychological S/R. So From that perspective Important price points are:
$50 - Support
$60 - Sell target 1
$75 - Sell target 2
$100 - Final Sell target
Cheers, Have a nice day!! Please comment if you have any question or feedback
Fundamental Analysis:
1. Axis is directly influenced by Bitcoin
Bitcoin dumps massively -> Axis dumps or consolidates
Bitcoin pumps -> Axis pumps slightly or consolidates
Bitcoin minor correction or consolidation -> Axis pump insanely, just like right now
2. Fundamentally, Axis growth is going exponential, the traded volumes are increasing greatly!! Very bullish sign. Adoption is insane.
Technical Analysis:
1. As we can see, Axis formed a bullish triangle, or if you consider the previous run, it made a bullish flag pole. these chart structures have 66% chance to break upwards.
2. The usual approach is, we take the pole length and put it where it broke out to find out rough selling target
3. As I studied the past chart of Axis, more than technical supports and resistance, Axis tends to follow Psychological S/R. So From that perspective Important price points are:
$50 - Support
$60 - Sell target 1
$75 - Sell target 2
$100 - Final Sell target
Cheers, Have a nice day!! Please comment if you have any question or feedback
עסקה פעילה
first target achievedעסקה סגורה: היעד הושג
Second target reached, sold 75%
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.