FxWirePro- AXLUSD (Chart of the day)

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Consensus Mechanism- DPOS

Block time finality- 6 seconds

Ichimoku Analysis (4 hour chart)

Tenken-Sen- $1.109

Kijun-Sen- $1.105

AXLUSD was one of the best performers today.

Any daily close above $3 confirms further bullishness.

AXLUSD showed a massive jump of more than 25% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $2.31 and is currently trading around $2.028.

The bullish invalidation can happen if the pair closes below $0.85. On the lower side, the near-term support is $1. Any break below targets $0.85. significant downtrend if it breaks $0.85.

The immediate resistance stands at around $1.45. Any breach above confirms a minor pullback. A jump to $2/$2.35/$2.75 is possible. A surge past $4 will take it to $5.

It is good to buy on dips around $1 with SL around $0.70 for TP of $2.70.

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