#AXSUSDT Bearish channel break

Trade setup: Following a bearish break from Sideways Channel ($14-$20), below $14 support, price made a new Lower Low, which is a sign of Downtrend. It is now approaching $6 support. (set a price alert).

Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).

OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).

Support and Resistance: Nearest Support Zone is $6. The nearest Resistance Zone is $14 (previous support), then $20.
AXSUSDTaxsusdtlongAXSUSDTPERPChart PatternsTrend Analysis

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