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AXLUSDT trade ideas

Axelar (AXL) – A Cross-Chain Leader Ready for BreakoutAxelar ( NYSE:AXL ) is positioning itself as one of the most promising projects in the crypto space, delivering "secure cross-chain communication for Web3." The protocol offers a decentralized network and a comprehensive suite of tools and APIs to enable seamless cross-chain communication for decentralized application (dApp) developers. With Axelar's focus on interoperability, it aims to become a crucial player in the future of DeFi and Web3, ensuring secure and efficient transactions across multiple blockchains. Axelar (AXL) Technical Analysis Who says that when Bitcoin (BTC) is in a downtrend, other coins can’t perform? Contrary to BTC's recent decline, Axelar has been breaking key resistance levels. The price recently surpassed the $0.80 barrier, following a base-1 formation, and has now established a small support level around the $0.85 resistance zone. In the last few sessions, we’ve observed increased trading volume, suggesting strong momentum. This surge in volume could push prices even higher. Notably, AXL has also broken above the 200 SMA (Simple Moving Average), a major technical resistance. Potential Targets With this bullish momentum, the next key target we are eyeing is around $1.60. If the trend continues, further upward movement could follow. Good trading to all!
Long
by EdoardoTelve
AXL/USDT Analysis: Potential Long-term Upside from $0.46 - $0.56The chart indicates a possible bullish setup for AXL/USDT on the daily timeframe. The price is currently testing the support zone between $0.46 and $0.56, suggesting a potential entry point for a longer-term upward move targeting $2.1. Detailed Analysis: Price Structure: AXL/USDT has been in a downtrend, followed by a consolidation phase near the support zone at $0.46 - $0.56. This range has acted as a strong support in the past, suggesting a potential base for a bullish reversal. The price action in this area shows the possibility of an accumulation phase, which could serve as the foundation for a long-term rally. Entry Price: The ideal entry zone is within $0.46 - $0.56, where the price is currently consolidating. This support range presents a lower-risk entry point, supported by potential bullish momentum building in the coming weeks. Target Price: The long-term target price is set at $2.1, which corresponds to the previous major resistance level and aligns with the projected potential for a breakout from the accumulation zone. Key Support & Resistance Levels: Support: $0.46 - $0.56 (current entry zone) Resistance: $0.93 (intermediate resistance), $1.52 (major resistance), and $2.1 (long-term target). Risk Management: Stop Loss: A stop-loss can be placed below $0.45 to limit downside risk, as a break below this level could invalidate the current bullish setup. Trade Plan Summary: Entry Zone: $0.46 - $0.56 Take Profit: $2.1 (long-term target), with potential intermediate resistance at $0.93 and $1.52. Stop Loss: Below $0.45 Conclusion: AXL/USDT is currently forming a potential bullish base at a strong support zone, suggesting a long-term buying opportunity. The analysis indicates a potential upside toward $2.1 if the support holds and the price breaks through the intermediate resistance levels.
by cashback-ventures
$AXL/USDT : Potential 5x growth BINANCE:AXLUSDT AXL is the native token of the Axelar network. The protocol also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon). Meanwhile, Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures, Dragonfly Capital, Polychain Capital and others. Rank: #106 Mcap: 642m $ ATH: 2.66 $ ATL: 0.3136 $ Current price: 0.788 $ Team just announced TON x Axelar partnership. TON blockchain will integrate Axelar's Mobius Development Stack (MDS) as an interoperability layer, connecting the TON Ecosystem with new builders, users + liquidity Trend: For the past 70 days we had higher highs and higher lows. Since we had a long term downtrend before these HH & HLs plus increase in on balance volume (OBV) but price is still below a key S/R level, I consider this move as an accumulation period. Key level is at 0.8 ~0.88 $ which act as supply area now Ichimoku: Price crossed above the cloud for first time in W1 time frame less than a month ago. Base and conversion line targeted for the possible pull back and buying opportunity. RSI: Strongly high just below the overbought level. Bearish divergence in RSI in D1 is obvious that signs for a pullback in short term. In W1 yet RSI gaining momentum and far from being overbought. This accompanied with trend analysis signs for a good midterm bullish rally. MAs: W1: Price successfully claimed EMA20 (0.646$) and moves above it. Not tested it yet and pullback to this level is a buying opportunity. D1: Price Supported by EMA20 and EMA50 so far but EMA200 hasn’t claimed yet. After 4 attempt to break this level it seems weak and might break soon. This breakout is a sign for bullish run and might not give us the buying opportunity. Closing a D1 above 0.8 $ is the confirmation and buy call for me. Wyckoff method: We’ve already seen SC, Spring and LPs and in final steps we observed SOS at local highs and, so Backup around 0.7 $ is ideal for breakout of accumulation. 🛒 Pair: AXL/ USDT 🛒 👑 Bitcharge 👑 🕰 18/10/2024 🕰 POSITION : 🟢"Buy"🟢 2 % of capital Ex: Binance, MEXC, KUCOIN, 🛒 Buy1: 0.65 – 0.70 🛒 🛒 Buy2: 0.60 🛒 DCA 👉Sell Targets👈 🎯TP1: 079 🥉 🎯TP2: 0.89 🥈 🎯TP3: 0.99 🥇 🎯TP4: 1.09 🚁 🎯TP5: 1.24 ✈️ 🎯TP6: 1.34 🚀 🎯TP7: 1.49 🛰 ⛔️ SL: 0.54 ⛔️ by closing D1 Below This is my personal idea about this coin and it might be wrong. As always, please DYOR.
Long
by bitcharger
2
#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
Descending Channel Breakout done!🚨 NYSE:AXL is breaking out of a Descending Channel pattern on the 1D chart, which is typically a bullish reversal signal. 📈 Entry Point: $0.60 to $0.65 🎯 Targets: $0.78 $0.88 $1.28 $1.64 $2.38 🔄 Trading Options: NYSE:AXL is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.50. 📊 About NYSE:AXL : AXL (Axelar) is an innovative project in the crypto space, offering decentralized cross-chain communication for Web3 applications, enabling seamless interaction between multiple blockchain networks. 📢 DYOR, NFA
Long
by CRYPTOMOJO_TA
AXLUSDT Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: AXL has broken above an important resistance trendline, indicating a trend reversal from bearish to bullish. However, the actual trend reversal will be confirmed when AXL breaks above the $0.8837 resistance level. Entry: $0.6436 to CMP. Close Position: If the price breaks down and closes below $0.5664. Targets: $1.275, $1.632, $2.374. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
#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
AXL ANALYSIS (4H)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 management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1