🔥 AXS Macro Bullish Channel Update

Around two weeks ago, I made an analysis where I talked about AXS and the macro bullish channel it was trading in.

As indicated on my chart above, I was looking at the area where the price touched the channel's support.

As of today, we have reached the bottom of the channel, hopefully signaling a bottom. Risk-loving traders might want to make an early entry now. However, I'd advise waiting for a green 3-day candle to signal the bottom. Bitcoin is in a dire state at the moment, so there's enough reason to be cautious.

Happy trading!