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AXL

#AXLUSDT Getting Ready for a Massive Breakout | Get ReadyYello, Paradisers! Is #AXLUSDT about to break out and deliver a massive rally? Let's discuss the latest analysis of #Axelar and see what's happening: 💎#AXLUSDT is showing promising signs of a bullish continuation after a strong push from the critical support level at $0.463. We’ve been keeping a close eye on #Axelar’s movement within a Descending Broadening Wedge pattern, and now it’s making an attempt to break above the descending resistance line. 💎If #AXL can maintain strength at this level, we could be on the brink of a major rally, mirroring previous bullish trends. A clean breakout above the key resistance zone at $0.692 might open the door to even higher resistance levels—and possibly new highs. 💎But here's the catch: Caution is key. If momentum fades around this critical support, we might see a pullback toward the lower demand area near $0.368-$0.405. 💎A daily close below this demand zone would invalidate our bullish outlook and could signal further declines ahead for $AXL. Stay vigilant, Paradisers, and keep a close eye on #TOKEN's price action. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
AXL 8R Trade Idea with Entry, Targets, and Stop LossAXL is down from entry and has tagged the previous weekly entry that sent price down 32% and then up 500% (47 cents entry to 32 cents low, and finally a rally to $2.7). Price has retraced this move back to the previous entry of 47 cents AND made another weekly entry at 57 cents. Targets based on the risk from that entry have been drawn. Yellow Stop loss of -20% is based on previous lows. Orange stop loss of -33% is based on how low price went after the previous weekly entry of 48 cents before the rally (-32% from weekly entry)
COINBASE:AXLUSDLong
by CryptoNFood
#AXL/USDT#AXL The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in green at 0.5000 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount Entry price is 0.5720 The first target is 0.7670 The second target is 0.9000 The third goal is 1.05
Long
by CryptoAnalystSignal
1
AXL on the RiseAXL is experiencing a bullish surge, evident from recent price actions. Key indicators show strong momentum, but critical resistance levels lie ahead that will test the durability of this upward trend. Technical Insights 1. Support and Resistance Levels: • Immediate Support: The price recently found strong support around $0.5400. Holding above this level builds a foundation for further gains. • Immediate Resistance: The price is approaching a local resistance at around $0.6200. A retest of this level might be necessary before attempting to break higher. • Solid Resistance: Strong resistance is marked around $0.6600. This level will be crucial to watch for potential breakout or reversal. 2. Momentum Indicators: • Stochastic Oscillator: Both %K and %D lines are in the overbought territory, suggesting potential consolidation or a pullback before the next move. • Relative Strength Index (RSI): The RSI is high, indicating overbought conditions. This could mean a cooling-off period is imminent, or it could signal strong bullish momentum if it sustains above 70. 3. Moving Average Convergence Divergence (MACD): • The MACD is positive, with a bullish histogram. This suggests continued upward momentum, though the market might see some short-term fluctuations. Most Probable Market Scenarios 1. Bullish Continuation: • If AXL breaks above the immediate resistance at $0.6200, the next target would be the solid resistance at $0.6600. Sustaining this momentum could push prices higher. • A strong bullish trend could be reinforced if the RSI remains above 70, indicating sustained buying pressure. 2. Pullback and Consolidation: • Given the overbought conditions in both RSI and Stochastic Oscillator, a pullback to around $0.6000 or even $0.5800 could occur. This would provide a healthier foundation for further gains. • Holding above the $0.5400 support is crucial for maintaining the bullish outlook. A break below this level might signal a trend reversal. Outlook AXL is currently in a strong uptrend with bullish momentum. However, the overbought conditions suggest caution. Traders should watch for potential pullbacks to key support levels, which could offer buying opportunities. Breaking through the $0.6200 resistance will be pivotal for continuing the upward trajectory towards $0.6600. Summary: • Short-term: Bullish but watch for potential pullbacks due to overbought conditions. • Mid-term: Maintaining above $0.5400 support is key; a break above $0.6200 could target $0.6600. • Long-term: Sustained bullish momentum depends on overcoming significant resistance levels and maintaining high RSI.
by MonoCoinSignal
AXLUSDT.4HUpon reviewing the AXL/USDT 4-hour chart, several significant technical indicators and levels emerge that offer insights into potential future price movements. Trend and Resistance Analysis: The chart shows that AXL has been in a pronounced downtrend, with the current price at approximately 0.9777 USD. The price recently attempted a recovery but faced resistance. There are three key resistance levels to watch: R1 at 1.0641 USD, R2 at 1.1524 USD, and R3 at 1.3276 USD. These levels have historically acted as barriers to upward price movement, and breaking through these resistances could indicate a trend reversal. Support Levels: On the downside, the immediate support level is identified as S1 at 0.8815 USD. This level has shown strong buying interest previously and could serve as a floor if the price continues to decline. Below S1, further support can be expected around the 0.8000 USD level, which has also been a critical support zone in the past. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 38.36, which is close to the oversold territory. This suggests that the selling pressure might be nearing exhaustion, potentially leading to a price rebound. The Moving Average Convergence Divergence (MACD) indicator is showing bearish momentum, with the MACD line (blue) below the signal line (orange) and the histogram indicating increasing downward momentum. However, the MACD is also approaching levels that could lead to a bullish crossover if the selling pressure eases. Volume Analysis: The volume analysis shows that trading activity has been significant during price declines, indicating strong market reactions. This heightened volume during downward moves suggests that the market participants are actively selling, but it could also mean that any positive news or bullish signals might lead to a swift recovery due to the oversold conditions. Conclusion: In conclusion, the AXL/USDT pair is currently in a bearish trend but is approaching key support levels that may offer a potential reversal opportunity. The RSI indicates that the asset is nearing oversold conditions, and if the MACD shows a bullish crossover, it could signal the beginning of a recovery phase. Traders should closely monitor the support level at 0.8815 USD and the resistances at 1.0641 USD, 1.1524 USD, and 1.3276 USD. A break above these resistance levels would confirm a bullish reversal, while a failure to hold the support could lead to further declines. Overall, the market sentiment for AXL remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
by MarsSignals
AXL/USDT Gearing up for a Bullish Momentum? 👀🚀AXL Analysis💎Paradisers, prepare for action as #AXLUSDT is on the move, nearing a pivotal support after facing rejection at a significant resistance. The momentum's persistence suggests a high likelihood of a rebound from this position, especially considering the historical performance where this support has consistently triggered strong bullish responses four times before. 💎Currently, #Axelar is under a seller's domain, as indicated by prominent red candles revealing intense selling pressure. However, we're staying proactive, observing the price's interaction with the crucial support level closely. Upon securing confirmation, we'll meticulously strategize our entry. 💎For the discerning trader, should #AXL's momentum waver at this essential support and break lower, our focus shifts towards anticipating a bullish recovery from the subsequent demand zone. 💎Given the liquidity present, there's a substantial chance for NYSE:AXL to rally from this point, whereas a fall below could lead to a notable decline.
Long
by MyCryptoParadise_Simon
Axelar (AXL)In red days of markets there are some projects that hold the line and goes up, one of them is AXL, Axelar delivers secure cross-chain communication. That means dApp users can interact with any asset, any application, on any chain, with one click. You can think of it as Stripe for Web3. Developers interact with a simple API on top of a permissionless network that routes messages and ensures network security via proof-of-stake consensus. Axelar goes far beyond sending wrapped assets with General Message Passing, which carries any payload securely cross-chain. Applications can call any function on any connected chain, and deliver a one-click experience for users on any other connected chain. This is a new kind of dApp development that puts users first and lets developers build on the platform best suited to their use case. tp 1.1 , 1.5 , 2.9 sl 0.8 , 0.75
Long
by moonypto
9
NEW #ALTS That can pump in 2023Some coins on my watchlist that could outperform. one I forgot to mention #AXL Axelar #DBI... one with the most upside potential #ALEPH #APT --- solid team and technologu , high marketcap and potential token dilution #BOBA --- scould be very profitable multichain Layer 2 #DC --- highly confident #ETHW --- similar to Eth classic will. pump at random times I believe #GALA. --- Blue chip gaming coin #OP. --- solid layer 2 play for ETH #UFO. --- semi bluechip metaverse #WOO --- trading for near protocol #OPENAI -- pure gamble on chatgpt narrative
O
by BallaJi
Bearish Aussie market penny stockpick #1 before Easter !You know Australia stock market is a pretty bad. Only 154 Buys out of 2027 Aussie stocks. Today's stockpick is Axsesstoday (ASX:AXL) Let's see some previous history data by VectorVest: 28-Mar-18 RT: 1.46 27-Mar-18 RT: 1.46 26-Mar-18 RT: 1.46 AXL.AX has a current Value of $4.14 per share estimated by VectorVest, which is undervalued compared to its Price of $2.39 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Although the RT values are pretty flat, we still see some strong demanding by technical analysis. If you have VectorVest ready, go to Midas Touch graph. We need only 3 lines: MA Stop (10), MA Stop (65), and MA RT (40). Don't forget to set the timeframe into 3 months only. Well, I know you are happy to see that graph. Today it gained 14.35% and break the black resistance trend line. What a strong uplift !! Yeah ! We recommend to BUY and short term goal to reach $2.70 where it found a stronger resistance trend line. Stop loss as suggested by VectorVest is $2.04, but our technical analysis stop loss is 1.95 (slightly under demand zone) and MA (40). Ichimoku traders can buy and hold as the tenkan-sen & kijun-sen just crossovered.
ALong
by SoloTraderAU