AXELAR - AXL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	AXLUSDT
ISIN:

AXELAR - AXL/USDT - Daily - Technical analysis published on 12/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 1.074733 USDT

My targets

1.267967 USDT (+7.54%)

1.361467 USDT (+15.47%)

My analysis

The bullish trend is currently very strong on AXELAR - AXL/USDT. As long as the price remains above the support at 1.074733 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.267967 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.361467 USDT as an objective. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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

The AXELAR - AXL/USDT rating is 1.179100 USDT. The price registered an increase of +5.60% on the session with the lowest point at 1.115600 USDT and the highest point at 1.182200 USDT. The deviation from the price is +5.69% for the low point and -0.26% for the high point.

1.115600

1.182200

1.179100

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.413836	0.612500	0.772400	1.179100
Change (%)	-64.90%	-48.05%	-34.49%	-
Change	-0.765264	-0.566600	-0.406700	-
Level	Intermediate	Minor	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.653733	0.759667	0.938133	1.044067	1.222533	1.328467	1.506933
Camarilla	1.038390	1.064460	1.090530	1.116600	1.142670	1.168740	1.194810
Woodie	0.690000	0.777800	0.974400	1.062200	1.258800	1.346600	1.543200
Fibonacci	0.759667	0.868308	0.935426	1.044067	1.152708	1.219826	1.328467

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.426567	0.577933	0.847267	0.998633	1.267967	1.419333	1.688667
Camarilla	1.000908	1.039472	1.078036	1.116600	1.155164	1.193728	1.232293
Woodie	0.485550	0.607425	0.906250	1.028125	1.326950	1.448825	1.747650
Fibonacci	0.577933	0.738641	0.837926	0.998633	1.159341	1.258626	1.419333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.036067	0.191133	0.477867	0.632933	0.919667	1.074733	1.361467
Camarilla	0.643105	0.683603	0.724102	0.764600	0.805098	0.845597	0.886095
Woodie	0.101900	0.224050	0.543700	0.665850	0.985500	1.107650	1.427300
Fibonacci	0.191133	0.359901	0.464166	0.632933	0.801701	0.905966	1.074733

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):	78.54
MACD (12,26,9):	0.0940
Directional Movement:	43.626108
AROON (14):	78.571429
DEMA (21):	0.956257
Parabolic SAR (0,02-0,02-0,2):	0.703788
Elder Ray (13):	0.240523
Super Trend (3,10):	0.827396
Zig ZAG (10):	1.125700
VORTEX (21):	1.2168
Stochastique (14,3,5):	81.84
TEMA (21):	0.999899
Williams %R (14):	-4.37
Chande Momentum Oscillator (20):	0.509700
Repulse (5,40,3):	18.8579
ROCnROLL:	1
TRIX (15,9):	1.8202
Courbe Coppock:	70.21

MA7:	0.921786
MA20:	0.770215
MA50:	0.593554
MA100:	0.463629
MAexp7:	0.959778
MAexp20:	0.784609
MAexp50:	0.642721
MAexp100:	0.538864
Price / MA7:	+27.91%
Price / MA20:	+53.09%
Price / MA50:	+98.65%
Price / MA100:	+154.32%
Price / MAexp7:	+22.85%
Price / MAexp20:	+50.28%
Price / MAexp50:	+83.45%
Price / MAexp100:	+118.81%

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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