#AXL
We have a bearish channel pattern on the 12-hour frame, within which the price moves and adheres to its limits well
We have a green support area at 0.800 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher with a breakout
Entry price...
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...
AXL Analysis and Signal on 4H
🔵Entry Zone 0.8769 - 0.9179
🔴SL 0.7890
🟢TP1 1.0602
🟢TP2 1.2190
Risk Warning
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According to the structure of the waves, it seems that AXL is in wave D of a larger pattern.
The green area is the place of buy/long positions and the red area is the place of sell/short positions.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AXL bulls are back in control after the price found support at $1.05. The bulls were able to push the price up to $1.29, after forming a double-bottom pattern. Currently, AXLUSD is trading at $1.22.
I am cautiously optimistic about the short-term outlook for AXLUSD. If the current price holds, the bulls could make another attempt to break through $1.29. If...
