AXELAR - AXL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	AXLUSDT
ISIN:

AXELAR - AXL/USDT - Daily - Technical analysis published on 04/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 1.21 USDT

My targets

0.89 USDT (-22.61%)

0.87 USDT (-24.09%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AXELAR - AXL/USDT as long as the price remains well below 1.21 USDT. The sellers' bearish objective is set at 0.89 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.87 USDT. In case of crossing, the next objective would be the support located at 0.61 USDT.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.8

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 mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AXELAR - AXL/USDT rating 1.15 USDT. The price registered an increase of +4.55% on the session and was traded between 1.08 USDT and 1.18 USDT over the period. The price is currently at +6.48% from its lowest and -2.54% from its highest.

1.08

1.18

1.15

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

Technical

A technical analysis in Daily of this AXELAR - AXL/USDT chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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	R1	R2	R3
ProTrendLines	0.32	0.61	0.89	1.15	1.21	1.64	2.08
Change (%)	-72.17%	-46.96%	-22.61%	-	+5.22%	+42.61%	+80.87%
Change	-0.83	-0.54	-0.26	-	+0.06	+0.49	+0.93
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.99	1.01	1.06	1.08	1.13	1.15	1.20
Camarilla	1.08	1.09	1.09	1.10	1.11	1.11	1.12
Woodie	1.00	1.02	1.07	1.09	1.14	1.16	1.21
Fibonacci	1.01	1.04	1.06	1.08	1.11	1.13	1.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.06	0.42	0.72	1.20	1.50	1.98	2.28
Camarilla	0.82	0.89	0.96	1.03	1.10	1.17	1.25
Woodie	-0.14	0.38	0.64	1.16	1.42	1.94	2.20
Fibonacci	0.42	0.72	0.90	1.20	1.50	1.68	1.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.25	0.87	1.47	2.09	2.69	3.31	3.91
Camarilla	1.73	1.84	1.95	2.06	2.17	2.28	2.40
Woodie	0.23	0.87	1.45	2.09	2.67	3.31	3.89
Fibonacci	0.87	1.34	1.63	2.09	2.56	2.85	3.31

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):	34.51
MACD (12,26,9):	-0.2000
Directional Movement:	-12.37
AROON (14):	-71.43
DEMA (21):	1.18
Parabolic SAR (0,02-0,02-0,2):	1.38
Elder Ray (13):	-0.18
Super Trend (3,10):	1.60
Zig ZAG (10):	1.17
VORTEX (21):	0.7500
Stochastique (14,3,5):	25.45
TEMA (21):	1.01
Williams %R (14):	-69.68
Chande Momentum Oscillator (20):	-0.32
Repulse (5,40,3):	7.6500
ROCnROLL:	2
TRIX (15,9):	-1.3700
Courbe Coppock:	70.01

MA7:	1.13
MA20:	1.50
MA50:	1.80
MA100:	1.44
MAexp7:	1.18
MAexp20:	1.42
MAexp50:	1.57
MAexp100:	1.45
Price / MA7:	+1.77%
Price / MA20:	-23.33%
Price / MA50:	-36.11%
Price / MA100:	-20.14%
Price / MAexp7:	-2.54%
Price / MAexp20:	-19.01%
Price / MAexp50:	-26.75%
Price / MAexp100:	-20.69%

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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