AXLUSD - 4h Consolidation ZoneAXLUSD - 4h Consolidation Zone
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AXLUSD - 4h Consolidation Zone
AXL broke strongly from 0.40 which we marked as dynamic support and is now trading at 0.81
It is possible that the price will test 0.75 before developing a new momentum that leads the value to seek 1.11.
LEVELS:
SL: 0.75
TP1: 1.11
TP2: 1.31
Part of its development will have to do with what btc does, but it seems that October will continue to be a BULLISH month.
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Axlusdtlong
AXL/USDT Potential Breakout AheadAxs/USDT is showing potential for a breakout from a symmetrical triangle pattern on the 4-hour time frame. A solid breakout could happen soon. If the price breaks out and successfully retests the breakout level, we might see a surge of 40-80% in the coming days. Keep an eye on this movement, as it could be significant. This is not financial advice—please do your own research.
AXL still has a great trade set upAXL on pull backs to 0.61-0.65 level presents a great position trade for the long term. I will be accumulating in any pull back. My initial price target is 1.26.
This is a 2 day chart so it will take some time to play out. Wait for the pull backs. Both Market Cipher and my modified MACD looks good for a long trade. This is not a financial advice. DYOR.
AXLUSD 1D - Rises above $0.70AXLUSD 1D - Rises above $0.70
AXLUSD is a stock to watch. It had a continuous rise that took it to a maximum of $2.70. It is now trading at $0.60.
It has already overcome the downward trend and is settling its price to begin a new price escalation. It has to overcome the previous lower high at $0.70 to be ready for a bullish rally.
Before breaking upwards, it could mark a DOUBLE BOTTOM in the $0.40 area. Hence the importance of breaking the $0.70 levels and not losing the dynamic support.
The objectives are clearly marked.
This strategy can be executed with TradeX BoT when we finish developing it.
TradeX BoT (in development):
Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances… It allows you to easily establish SL (%), TP (%), SL Trailing… multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
AXL/USDT Plan Axl/USDT is currently approaching a potential breakout from a triangle pattern, suggesting that a significant price movement could be on the horizon. If the breakout is successful, I anticipate a bullish trend in the coming days. It's important to monitor key resistance levels for confirmation. Remember, this is not financial advice; always do your own research (DYOR) before making any investment decisions.
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)
#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