I believe that ADX can give a new joy.
Following the theory of Chaos and Fractals, it is clear that a cycle of five propulsion waves ended, followed by an ABC correction that ended in the region of 0.618% of the Fibo retraction.
In a larger view (an upper fractal), wave five above formed wave 1 and the ABC indentation ended wave 2.
Therefore, ADX is about to...
A mid to long term hold idea.
Adx has broken out and is moving.
I'm waiting for a retest on support and waiting for ADX to keep on moving up. Target is at new major supply.
I'm posting this idea after the fact of this 100% pump. But, buyers are in this market now. Let's see if they stay in.
Hello my friends.
I want to make a quick TA on BINANCE:ADXBTC .
S & R : ADX sits on its support level
RSI : RSI Divergence
Inshallah we will reach all targets in less than 3 weeks.
Caution: Always do your own research.
Support my idea with pushing like button.
I hope you have profitful trades.
If you made a huge profit from this idea, you can...
-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...
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please...