Londinia Opportunities Analyses - 03/28/2024 (GMT) AXELAR - AXL/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	AXLUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2.09 USDT

My targets

2.18 USDT (+2.83%)

2.31 USDT (+8.96%)

My analysis

The bullish trend is currently very strong on AXELAR - AXL/USDT. As long as the price remains above the support at 2.09 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.18 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.31 USDT as an objective. Crossing it would then enable buyers to target 2.37 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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Additional analysis

Quotes

AXELAR - AXL/USDT rating 2.12 USDT. The price has increased by +1.92% since the last closing and was traded between 2.07 USDT and 2.20 USDT over the period. The price is currently at +2.42% from its lowest and -3.64% from its highest.

2.07

2.20

2.12

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AXELAR - AXL/USDT:

Technical

Technical analysis of AXELAR - AXL/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.93	2.00	2.09	2.12	2.18	2.31	2.37
Change (%)	-8.96%	-5.66%	-1.42%	-	+2.83%	+8.96%	+11.79%
Change	-0.19	-0.12	-0.03	-	+0.06	+0.19	+0.25
Level	Major	Minor	Intermediate	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.70	1.81	1.95	2.06	2.20	2.31	2.45
Camarilla	2.01	2.03	2.06	2.08	2.10	2.13	2.15
Woodie	1.71	1.82	1.96	2.07	2.21	2.32	2.46
Fibonacci	1.81	1.91	1.97	2.06	2.16	2.22	2.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.79	1.18	1.54	1.93	2.29	2.68	3.04
Camarilla	1.70	1.77	1.84	1.91	1.98	2.05	2.12
Woodie	0.79	1.17	1.54	1.92	2.29	2.67	3.04
Fibonacci	1.18	1.46	1.64	1.93	2.21	2.39	2.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.49	0.73	1.12	1.36	1.75	1.99	2.38
Camarilla	1.34	1.40	1.45	1.51	1.57	1.63	1.68
Woodie	0.57	0.77	1.20	1.40	1.83	2.03	2.46
Fibonacci	0.73	0.97	1.12	1.36	1.60	1.75	1.99

Numerical data

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

Technical indicators

Moving averages

RSI (14):	61.66
MACD (12,26,9):	0.0300
Directional Movement:	13.03
AROON (14):	57.14
DEMA (21):	2.10
Parabolic SAR (0,02-0,02-0,2):	2.03
Elder Ray (13):	0.03
Super Trend (3,10):	1.99
Zig ZAG (10):	2.11
VORTEX (21):	1.1100
Stochastique (14,3,5):	66.43
TEMA (21):	2.12
Williams %R (14):	-33.15
Chande Momentum Oscillator (20):	0.18
Repulse (5,40,3):	1.2100
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	12.54

MA7:	1.97
MA20:	2.00
MA50:	1.71
MA100:	1.37
MAexp7:	2.10
MAexp20:	2.06
MAexp50:	2.03
MAexp100:	1.99
Price / MA7:	+7.61%
Price / MA20:	+6.00%
Price / MA50:	+23.98%
Price / MA100:	+54.74%
Price / MAexp7:	+0.95%
Price / MAexp20:	+2.91%
Price / MAexp50:	+4.43%
Price / MAexp100:	+6.53%

Quotes : - Real time data - Cryptocompare