$AXS: Bullish Divergence Flashed on $AXS Daily Chart Structure
LONG SETUP AXS
Entry: $1.1510 - $1.1550
Stop Loss: $1.1080
Take Profit: $1.2430 (2R)
Key Levels: Support $1.0910 | Resistance $1.1660
Technical Analysis for $AXS: Price at 1.159 sits above EMA9 (1.146), EMA21 (1.133) and EMA200 (1.111), confirming bullish bias. MACD line (0.010) is above its signal (0.0045) with a positive histogram, while RSI at 61.9 indicates strength. Stochastic %K at 91.7% (above %D 84.5%) shows overbought conditions but still upward momentum. ADX at 26.7 signals a moderate trend. Volume surged 226% and the orderbook shows a 10% bidside imbalance, reinforcing the long case.
Market Context: Bitcoin is modestly bullish on the daily chart (price ~83,690, EMA20 above EMA50) and the broader market is broadly positive, with 85% of assets in green territory, providing a supportive environment for riskon assets like AXS.
#AXS #LongSetup #MarketStructure
LONG $AXS
LONG SETUP AXS
Entry: $1.1510 - $1.1550
Stop Loss: $1.1080
Take Profit: $1.2430 (2R)
Key Levels: Support $1.0910 | Resistance $1.1660
Technical Analysis for $AXS: Price at 1.159 sits above EMA9 (1.146), EMA21 (1.133) and EMA200 (1.111), confirming bullish bias. MACD line (0.010) is above its signal (0.0045) with a positive histogram, while RSI at 61.9 indicates strength. Stochastic %K at 91.7% (above %D 84.5%) shows overbought conditions but still upward momentum. ADX at 26.7 signals a moderate trend. Volume surged 226% and the orderbook shows a 10% bidside imbalance, reinforcing the long case.
Market Context: Bitcoin is modestly bullish on the daily chart (price ~83,690, EMA20 above EMA50) and the broader market is broadly positive, with 85% of assets in green territory, providing a supportive environment for riskon assets like AXS.
#AXS #LongSetup #MarketStructure
LONG $AXS
