Upcoming news next week (confirmed through Twitter) could raise volume and bring ADX back toward ATH. Entered my position at .30 and still holding. ADX has a lot of room for upside and could test all time high with next movement upward. This chart is just sharing my ideas and thoughts, not investment advice. Please comment below if you have any thoughts.
What do you guys think? Going up all time high or just preparing for another drop?
AdEx looks like it might be preparing for another run after exhausting earlier this week. The MACD is converging on the 2 hour and lower intervals and we're about to test the previous high on our down trend. Watch for us to break the horizontal green line which lies right on the 38.2 Fibonacci level for confirmation of upward continuation.
ADX had a nice run. Consolidation has been positive. Going up? or Going down? Look for confirmation to follow the up trend line or short out and pick up more. This will be a keeper. Taking offline.