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 moving higher, much higher...
Additional details and a higher target can be found mapped on the chart.

Thank you for reading.

Namaste.