#AXS is now trading around $1.093. It has already broken out of the Falling Wedge pattern and is looking bullish.
So, according to the pattern, we can expect a bullish momentum. Otherwise, if it dumps from here and closes again inside the pattern, the breakout will be considered a fake out. Keep an eye on it.
#TON has reached a major decision zone. Price is pressing directly into the descending trendline and the market is tightening. If buyers break this structure, a strong upside move can follow. If the trendline rejects price again, support below will be retested. Keep this chart on your radar because the next move from here can shape the coming trend.
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The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.
We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.
There is a key support zone in green at 0.001144. The price has bounced from this zone multiple times and is expected to bounce again.
We have a trend towards consolidation above the 100-period moving average, as we are moving close to it, which supports the upward movement.
Entry price: 0.001172
First target: 0.001194
Second target: 0.001229
Third target: 0.001271
Don't forget a simple point: money management.
Place your stop-loss below the support zone in green.
The price is currently sitting above a strong historical demand zone, the same area from which the previous major rally started. Buyers have shown interest here before, and recent candles indicate that the market is trying to stabilize above this support.
As long as ENA continues to hold above this highlighted demand zone, a relief bounce or upward move is likely.