Hello, Traders!
AXS moved out of the accumulation zone of $3.10 - $11.30 and started a new business cycle.
The chart shows the strong and sharp trend, which is confirmed by volumes.
At the current moment, the probability of a correction is increasing. Buyers cannot pass the resistance level of $27.39.
One can look for entry points to buy in the range between the Fibonacci correction levels of 0.382 ($19.14) - 0.50 ($16.03) where the buyers' zone of interest is located.
The position can be split into several parts and in case of a continuation of the correction search for another entry in the range of $11.30 - $12.92.
The targets for such purchases will be the price levels of $23.28 and $27.39. A small part can be left as a moon bag.
Stop Loss should be placed depending on the number of funds involved in the transaction, as well as the selected amount of risk.
P.S. This is an educational analysis that shall not be considered financial advice
AXS moved out of the accumulation zone of $3.10 - $11.30 and started a new business cycle.
The chart shows the strong and sharp trend, which is confirmed by volumes.
At the current moment, the probability of a correction is increasing. Buyers cannot pass the resistance level of $27.39.
One can look for entry points to buy in the range between the Fibonacci correction levels of 0.382 ($19.14) - 0.50 ($16.03) where the buyers' zone of interest is located.
The position can be split into several parts and in case of a continuation of the correction search for another entry in the range of $11.30 - $12.92.
The targets for such purchases will be the price levels of $23.28 and $27.39. A small part can be left as a moon bag.
Stop Loss should be placed depending on the number of funds involved in the transaction, as well as the selected amount of risk.
P.S. This is an educational analysis that shall not be considered financial advice
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.