After a bullish a movement of AXS price we are in a correction phase but as noticed it's a negative correction the market will slow down in the few next days.
- we can see the price resisted by the 200MA also it was below it in the last days ,that means it will stay like that for a while
-resisted also by the 50MA after the price cross it down with a huge red candle and a great red volume we will see a consolidation and a price drop till the golden area (GA), this drop explained by the down channel as we can see in 4h chart and 1h chart,
POV:
* The great time to invest in it and enter the market is when it reaches the golden area
* Gain some profit while waiting going short is a great option but after the price breakdown the consolidation level the have a good confirmation
* not a financial advice
- we can see the price resisted by the 200MA also it was below it in the last days ,that means it will stay like that for a while
-resisted also by the 50MA after the price cross it down with a huge red candle and a great red volume we will see a consolidation and a price drop till the golden area (GA), this drop explained by the down channel as we can see in 4h chart and 1h chart,
POV:
* The great time to invest in it and enter the market is when it reaches the golden area
* Gain some profit while waiting going short is a great option but after the price breakdown the consolidation level the have a good confirmation
* not a financial advice