BINANCE: ADXBTC
-AdEX is trading inside a Bullish descending channel
-The confirmation of this pattern is a break to the upside
-The price is now trading at the previous resistance area
-The 200D MA dynamic support is approaching the price
-I recommend buying the break or retest of trendline resistance
-Upside potential is up to 2600 sat
^Trading involves...
ADX/BTC
-AdEx has been trading above 0.618 Fib level for 6 days now
-This is also a confluence of 50D MA dynamic support area
-It is currently showing strength and some attempts to break 1800 sat range
-If we can see two daily consecutive green candles
-There is a chance of potential upside breakout in the short term
-Let's hope BTC will remain sideways in this...
ADX/BTC
-After the recent over 200% price pump
-The price has retraced already by -50%
-ADX just broke the local support at 1800 range
-It is likely to fall further around 1350 support area
-If we can see any reversal signs in that region
-I recommend to open a Buy position and target up to 1700 or higher
-Stoploss is determined once a position enter is opened
ADX/BTC
-The price touches the 200D MA & Key trendline support
-A strong bounce reaction happened to create a 15% relief pump
-If BTC Dominance will start moving sideways for the next 5-7 days
-ADX may likely to retest 1157 sat range which is a potentially new resistance
-But if the 1100 region becomes a new wall of the barrier
-It may send the price down and...
ADX/BTC
There is Two Bullish Factor here. #1 is 3 Triple Bottom and
#2 is the Ascending Pattern with a series of Higher High and Higher Low.
Another good thing is we are above both 50 MA and 100 Daily MA
which will act as strong support for this nice Bullish structure.
Trade setup
Buy area: 900 Sats - 780 Sats
Sell target: 1300 Sats - 1600 Sats
Stop loss:...
$ADX is in the accumulation phase as well as the most of the crypto market and it's a great time to get some.
$ADX has comparably small supply and good PPT.
Buy - green. Sell - red.
It's not a financial advice.
Trade carefully and good luck!
Another one set for a potential upward break-out!
AdEx is trading on a strong support and has just formed a Heikin Ashi doji (those who follow me will know by now that I sometimes refer to this trading technique (e.g. Previous post on BlockMason resulting in a 100%+ trade in a matter of days).
The setting of this one is quite similar, although ADX is already...
ADX looks like a good play leading up to the Beta Release on January 30th (denoted by the vertical line on the chart). Watch for the bullish MACD cross in the next day or so. Additionally, ADX is the first DAPP built on the Neo platform, hence the strong correlation between the two. The Neo chart looks favorable (check the 1W view), therefore, I suspect ADX will...
$ADX claims that they are ahead of the development schedule which supposed to happen in February. Allegedly, it may come alive in October. In TA, its on the correction phase ATM which we can consider as the second wave of fractal. I expect to that it reaches 20k at the end of 3rd wave.
ADX has followed this pattern--as have many Crypto's to date--namely ETH traded Alt-coins. The pattern is best described as a tendency for cryptos to succeed in long term growth earlier than expected upon entry into markets like Bittrex--after graduating from small exchanges--IFF the Crypto in question breaks out of the initial down-trend cycle.
To illustrate...
ADX looks to be moving in a channel against ETH and is closing to support level of 0.786 fibonacci of uptrend – 0.00194 level. We may hit a double-bottom there or price may break down. There may be looking for potential RSI divergence, MACD to confirm price reversal and context with Ichimoku cloud as well to indicate potential trend change – we may have buying...
I am really curious whether this will work out. ADX has strong fundamentals. If price breaks through downward trendline and RSI, MACD confirms this can be a valid sign for a solid upward movement and completing Elliot wave 5. If price breaks down support line at 0.00225 new pattern may need to be seeked for. If upward movement develops profit may be taken at...
