AdEx Currently Bearish with imminent bullish breakout
It seems AdEx coin is near ready for a bullish breakout of structure, after completing an 'ABC' corrective wave.
Current trend suggests bearish price action as the Water and Mayo EMAs have cross and are above the price action.
'TDI' shows the 'RSI' inside the outer constricted bands at around '40.0000'. The pattern suggests another possible bearish move downwards before some significant bullish price action to occur. The bullish moves may occur within the Yellow trendlines (triangle), however only when price action performs a breakout of structure, will the buy signal be confirmed.
In my opinion, this is a great coin to purchase, still good at around 0.84 cents (US) at the time of writing this analysis.
I'm going to purchase this coin on breakout of structure and I'm forecasting price action movements between 2 different paths, Cyan and Red. The Red being the most probable as it follows the typical cryptocurrency pattern of a curve.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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Current trend suggests bearish price action as the Water and Mayo EMAs have cross and are above the price action.
'TDI' shows the 'RSI' inside the outer constricted bands at around '40.0000'. The pattern suggests another possible bearish move downwards before some significant bullish price action to occur. The bullish moves may occur within the Yellow trendlines (triangle), however only when price action performs a breakout of structure, will the buy signal be confirmed.
In my opinion, this is a great coin to purchase, still good at around 0.84 cents (US) at the time of writing this analysis.
I'm going to purchase this coin on breakout of structure and I'm forecasting price action movements between 2 different paths, Cyan and Red. The Red being the most probable as it follows the typical cryptocurrency pattern of a curve.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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