📈 AXS: PERFECT CHANNEL BREAKOUT
Next Stop: $2.44?
(See Chart Analysis)
🚀 AXS Technical Alert: Respecting the Fibonacci Channel!
Look at the chart attached! AXS is moving perfectly within a rising parallel channel. We just saw a strong bounce from the support zone and are now testing key Fibonacci levels.
Technical Breakdown:
1️⃣ Channel Support: The price held the lower trendline perfectly.
2️⃣ Fibonacci Levels: We are currently fighting the 0.5 Fib ($2.13) and 0.618 Fib ($2.20) levels.
3️⃣ The Target: Once we clear the $2.21 resistance (the dotted line), the path is open straight to the 1.0 Fib Extension at $2.44 and potentially the upper channel boundary at $2.84.
My Setup:
🟢 Entry: Current levels or retest of $2.05
🎯 TP 1: $2.44 (Short Term)
🎯 TP 2: $2.84 (Swing Target)
🛑 SL: $1.90 (Below channel support)
The structure is undeniably BULLISH. Are you riding this wave? 🌊
👇 Check the chart image carefully!
#AXS #AxieInfinity #TechnicalAnalysis #Fibonacci #CryptoSignals #BinanceSquare
