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- $1.4099

Kijun-Sen- $1.2375

AXLUSD was one of the best performers today.

Any daily close above $3 confirms further bullishness.

AXLUSD  showed a massive jump of more than 80% for the day.  The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $2.72 and is currently trading around $2.50.

The bullish invalidation can happen if the pair closes below $1.45. On the lower side, the near-term support is $2.25. Any break below targets $2/1.45/$1. significant downtrend if it breaks $0.85.

The immediate resistance stands at around $2.75. Any breach above confirms a minor pullback. A jump to $3/$3.50 is possible. A surge past $4 will take it to $5.

It is good to buy on dips around $2 with SL around $1.40 for TP of $4.