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Axelar 231% Potential —Keeping It Simple The left side of the chart is the consolidation range. The red channel comes from a breakdown of support. This is not a bearish impulse but a breakdown of support. This is revealed by the structure of the chart and the trading volume. Since support broke down, the next logical step is for AXLBTC (Axelar) to test previous support as resistance. This indicate a move back to baseline, this is the minimum. The baseline being a ~60% up-move. The resistance level will break then Axelar will end up m

by MasterAnanda

Axelar: The Bottom Is In? Common Sense Technical Analysis Can we say that the bottom is in? In this chart, AXLBTC, we can see a consolidation pattern (sideways) after strong bearish action. The fact that prices go flat after a strong bearish wave tells us that the bearish wave is no longer viable. It tells us that the bearish wave is over. Now, a bearish wave ending doesn't necessarily lead to a bull-market, there can be consolidation followed by a new bearish wave. This is when the market cycle and marketwide action becomes important. A conventiona

by MasterAnanda

Axelar / BTC

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