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WAXLUSDT trade ideas

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 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
Long
by CRYPTOMOJO_TA
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 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.
Short
by Mudrex