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Ghostshade
Aug 28, 2017 5:14 PM

AdEx Month Long Elliott Wave Long

AdEx / BitcoinBittrex

Description

Zooming out it looks like ADX has been following the Elliott wave principle for the last month. I drew a possible scenario if there is a bull run.
Comments
fifcandles
It seems to have crossed the line. You think the line you drew is still valid?

Thanks for your analysis!
Ghostshade
@fifcandles, No it does not look like that line is still valid because it has dropped to a lower support level. Seems BTC's pump and disappointment around the latest announcement is causing a lot of downward pressure on the price. I still believe in this coin and think pump could come this week. I would say take profits at about 35k-40k satoshis if it does pumps. Remember, do not sell for a loss.
tsadi
@Ghostshade, thanks for the feedback and trading reco! :)
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