AXL 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%...
#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...
Showing new interest volume, which could be confirmed in the next time frames. If this confirmation is done well, this coin could get a follow. AXL have good volume range
From where we entered "START" on the chart, AXL correction seems to have started. This correction seems to be a diametric. Now it seems that AXL intends to complete the F wave of this diametric. It can move from the green range of demand to the red range of supply. Closing a daily candle above the invalidation level will violate the analysis. For risk...
#AXL We have a bearish channel pattern on the 12-hour frame, within which the price moves and adheres to its limits well We have a green support area at 0.800 after the price touched it and bounced from it We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that supports the price higher with a breakout Entry price...
According to the structure of the waves, it seems that AXL is in wave D of a larger pattern. The green area is the place of buy/long positions and the red area is the place of sell/short positions. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You