AXELAR - AXL/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	AXLUSDT
ISIN:

AXELAR - AXL/USDT - Daily - Technical analysis published on 12/21/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.913333 USDT

My targets

1.270000 USDT (+9.29%)

1.343333 USDT (+15.61%)

My analysis

AXELAR - AXL/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.913333 USDT. The next resistance located at 1.270000 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.343333 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AXELAR - AXL/USDT rating 1.162000 USDT. The price has increased by +14.08% since the last closing and was traded between 1.005200 USDT and 1.191900 USDT over the period. The price is currently at +15.60% from its lowest and -2.51% from its highest.

1.005200

1.191900

1.162000

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this AXELAR - AXL/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.413836	0.612500	0.772400	1.162000
Change (%)	-64.39%	-47.29%	-33.53%	-
Change	-0.748164	-0.549500	-0.389600	-
Level	Intermediate	Minor	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.790000	0.840000	0.930000	0.980000	1.070000	1.120000	1.210000
Camarilla	0.981500	0.994333	1.007167	1.020000	1.032833	1.045667	1.058500
Woodie	0.810000	0.850000	0.950000	0.990000	1.090000	1.130000	1.230000
Fibonacci	0.840000	0.893480	0.926520	0.980000	1.033480	1.066520	1.120000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.430000	0.580000	0.850000	1.000000	1.270000	1.420000	1.690000
Camarilla	1.004500	1.043000	1.081500	1.120000	1.158500	1.197000	1.235500
Woodie	0.490000	0.610000	0.910000	1.030000	1.330000	1.450000	1.750000
Fibonacci	0.580000	0.740440	0.839560	1.000000	1.160440	1.259560	1.420000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.053333	0.206667	0.483333	0.636667	0.913333	1.066667	1.343333
Camarilla	0.641750	0.681167	0.720583	0.760000	0.799417	0.838833	0.878250
Woodie	0.115000	0.237500	0.545000	0.667500	0.975000	1.097500	1.405000
Fibonacci	0.206667	0.370927	0.472407	0.636667	0.800927	0.902407	1.066667

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	70.38
MACD (12,26,9):	0.1200
Directional Movement:	31.050000
AROON (14):	71.430000
DEMA (21):	1.040000
Parabolic SAR (0,02-0,02-0,2):	0.830000
Elder Ray (13):	0.140000
Super Trend (3,10):	0.840000
Zig ZAG (10):	1.160000
VORTEX (21):	1.1100
Stochastique (14,3,5):	61.94
TEMA (21):	1.090000
Williams %R (14):	-22.21
Chande Momentum Oscillator (20):	0.360000
Repulse (5,40,3):	16.1600
ROCnROLL:	1
TRIX (15,9):	2.0700
Courbe Coppock:	91.51

MA7:	1.040000
MA20:	0.850000
MA50:	0.670000
MA100:	0.500000
MAexp7:	1.030000
MAexp20:	0.890000
MAexp50:	0.720000
MAexp100:	0.590000
Price / MA7:	+11.73%
Price / MA20:	+36.71%
Price / MA50:	+73.43%
Price / MA100:	+132.40%
Price / MAexp7:	+12.82%
Price / MAexp20:	+30.56%
Price / MAexp50:	+61.39%
Price / MAexp100:	+96.95%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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