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Crypto2AF
Feb 23, 2023 2:57 PM

$ADX/#BTC [#Ambire AdEx]: Resistance_Breakout_Confirmation 

AdEx / BitcoinBinance

Description

◳◱ We've detected a Resistance Breakout and Confirmation on the ADX / BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00000889 | 0.00000977 | 0.00001128 and the major support zones are respectively at 0.00000738 | 0.00000675 | 0.00000524. We may consider entering a trade at the current price zone at 0.00000867 and targetting higher levels.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.00000867 ₿
▣ 24HVol: 29.971 ₿
▣ 24hChng: 4.458%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.00000889 | 0.00000977 | 0.00001128
◢ Support: 0.00000738 | 0.00000675 | 0.00000524

◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: STRONG_BUY

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.77 - Very Bullish

▣ In-depth ADXBTC technical analysis on Tradingview TA page



▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!

◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.

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Trade active

Binance
#ADX/BTC Take-Profit target 4 ✅
Profit: 6.9781% 📈
Period: 6 Days 16 Hours 58 Minutes ⏰
Comments
SwallowPremium
Quality analysis and explanation of scenario, we agree with your opinion. Thanks for sharing)
Crypto2AF
@SwallowPremium, appreciate it. I do my best to update all shared ideas, it's a bit hard work and I think the idea progress will not show exactly what happened after hours, days (small move for +3% and so on are not very visible). So trading setup results are shared when time allows.
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