Hi @everyone here is my TA on AXS/USDT on a 1h TF 07/17/2021 @ 7:16PM
- You will see a parallel channel ( large one ) which is an uptrend
- It broke down the lower trend line and complete a retest and got a rejection
- Then it continue to make a lower movement
- I'm seeing a similar pattern here but the difference, it's on down trend
- It can continue to go down further, possible target after 19usd is 17usd
- It can follow the parallel channel downward, unless we got a breakout, that would change the idea.
That's it guys! Take care! NFA, DYOR & TAYOR.
- You will see a parallel channel ( large one ) which is an uptrend
- It broke down the lower trend line and complete a retest and got a rejection
- Then it continue to make a lower movement
- I'm seeing a similar pattern here but the difference, it's on down trend
- It can continue to go down further, possible target after 19usd is 17usd
- It can follow the parallel channel downward, unless we got a breakout, that would change the idea.
That's it guys! Take care! NFA, DYOR & TAYOR.