Ambire AdEx (ADX) - Falling wedge

On the above 5-day chart price action has corrected over 90%. Now is an excellent time to be long.

1) You know why.

2) Price action and RSI resistance breakouts.

3) Price action confirmation on falling wedge breakout with 40x projection.

4) Multiple oscillators printing positive divergence with price action. Look left. This divergence occurs over an 80 day period.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Not as long as you think, look left.
Return: 40x

Trade active:

GRM support was confirmed last week.

Comment:

PS... These Pennant formations are showing up in a number of tokens, counted only 3 so far out of the last 100 tokens trading on Binance, they are that infrequent.

Here is another with a 100x projection.
Get this idea to 100 likes for the big reveal!

5-day chart

Comment:

Strong double buy signals print on the daily.

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Someone asked what was meant by 'on support' on some updates of the published ideas. On the daily chart below on the BTC pair of this idea you can see looking left price action is on support. This is important to observe on any asset class. When price action lands on any level of past resistance it is likely to see a strong reaction. Look left.

Daily chart

But why this level WW? Again, look left. This time the USD chart. Price action is testing past resistance for the 8th week in a row as support! You can also observe how price action is continuing to hold the 20-week EMA as support. This is incredibly powerful info.

Therefore the next time you see 'on support' on an update.. well you now have an idea of the background of study that is going on.

weekly chart

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PS: No guessed the 100x wedge token yet?!