ANALYSIS 🔎
- AXSUSD is consolidating in a symmetrical triangle pattern.
- Price is retesting the symmetrical triangle's inclined support.
- The minor downtrend is resisted by the descending trendline resistance.
- Price action is printing an ascending triangle pattern at the retest area.
- An ascending triangle pattern is a bullish build up pattern.
- There's is a bounce off potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance and the descending trendline resistance.
TARGET 🎯
- Symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
- AXSUSD is consolidating in a symmetrical triangle pattern.
- Price is retesting the symmetrical triangle's inclined support.
- The minor downtrend is resisted by the descending trendline resistance.
- Price action is printing an ascending triangle pattern at the retest area.
- An ascending triangle pattern is a bullish build up pattern.
- There's is a bounce off potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance and the descending trendline resistance.
TARGET 🎯
- Symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.