🔥 AXS Bullish Break Out Of Channel

AXS has been seeing massive returns since 2021. In the last two days the price was showing some consolidation around the upper resistance of the channel. However, today it managed to break away from the channel and continue its path upward.

I've decided to keep my resistance targets relatively close to the current price because I've got the feeling that AXS is quite overbought at the moment. Nevertheless, a great potential trade!

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, $1.75 and $2.00 respectively. Do your own due diligence.

Happy trading!