AXL Breakout on Lower TFA Breakout from the downtrend line is just happened in AXL. I will long from this mentioned area with low risk high reward position.
#nfa #dyor #aqeelonline
AXLUSDT trade ideas
#AXLUSDT#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 is 1.00
The first goal is 1.19
The second goal is 1.33
the third goal is 1.52
$AXL looks like it is ready to go long!NYSE:AXL is breaking out this falling wedge pattern, and RSI is also showing bullish divergence.
Entry Point: Start accumulating once the price exceeds $0.97.
Targets:
Midterm Goal: 60% increase
Long Term Goal: 170% increase
Trading Options: 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 $0.78.
About NYSE:AXL
Axelar aims to provide secure cross-chain communication for Web3. This project offers a decentralized network and a suite of tools to assist developers of decentralized applications (dApps) in achieving seamless cross-chain interactions via its protocols, tools, and APIs.
DYOR, NFA
#Crypto #altcoin
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.
AXL Weekly AnalysisAxelar (AXL) registers a sharp decline of 24.24%, marking it as the top loser for the week. Currently, AXL is trading at particularly risky levels. On April 12, 2024, it reached its all-time low of $0.8820 and has since formed a double top pattern, a classic indicator of a bearish reversal. Presently, the price of AXL stands at $0.9462. Should it breach the previous all-time low, a further decline could be expected.
Daily analysis shows both oscillators and moving averages recommending a strong sell. However, weekly data is insufficient for a conclusive analysis.
AXL ANALYSISAccording 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
AXL long setup ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
AXL/USDT IDEA The price of AXL/USDT is currently testing the resistance of a trendline on the 4-hour timeframe. If a successful breakout occurs, a bullish move of 30-60% could be anticipated. It's important to note that this information is not financial advice, and it is recommended that individuals conduct their own research (DYOR) before making any trading decisions.
AXL usdt long ideaAXL is approaching the support channels , 1.5 and 1.77 are the zones to accumulate . 1.66 is the invalidation , 200 EMA is will act as a support , quick bounce from expected
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.
