AXS has moved toward our Expectations and touched the 70$ Resistance which we talked about In the last analysis. we talked about Elliot waves as well as a Bullish Flag, But It seems that AXS wants to Obey The Elliot waves! as you can see the Resistance at 70$ was shown By Elliot waves couldn't be broken By AXS so we must Expect The ABC correction waves! The correction waves are Inevitable ,they Must Happen. As you might know The Trend will continue after The ABC correction waves are completed , so Expect a Huge Bullish Run after It. there is also a Regular Bearish Divergence (-RD) on MACD which helps our Prediction to be more True.
summery: -AXS has moved toward our Expectations -The Resistance at 70$ is touched just as we Expected -Elliot waves seems to be working pretty well so The Price should start Correction From Here -(-RD) on MACD which is of course a Bearish sign -after ABC waves are completed The Price can continue The Trend (which is bullish right Here)
Previous Analysis:
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