FORMATION OF BRODENING PATTERN IN 4HRS CHART
ADXBTC (AdEx) continues to print a really strong consolidation with prices accumulating above all our EMAs (EMA10/21/50/100/200/300) and also MA200. We have the "Cup & Handle" pattern. Which is a bullish pattern. We also have the MACD sitting strongly above the zero line and with plenty of room available for additional growth. The RSI is above 60, so we can...
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AdEx (ADXBTC) is preparing for a big move. First, we have the massive candle on 29-July. Then, we have the strong candle on 11-Sept. Third, prices bounced off EMA300 rather than reaching MA200, signaling strength... ADXBTC is likely to grow long-term. We will see the last high taken out at 0.00003385 and even higher prices. Patience is key, once...
Reasons for the trade are outlined on the chart. Good luck! Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
ADX retracted back to its previous support. Might be a good opportunity to go LONG. Huge R&R ratio. Not a financial advice.
ADX fully retraced to the top range of 2020. The recent bounce shows the strength of this area. Good to keep if BTC keeps going lower
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...
Hi The market grew very well in just two days, and in 28 days it only dropped 78.6% of the way it had grown, which means that bears do not have much power to lower prices. This means that the market will change its trend soon in the chart : If the line Fib78.6%(1500) is not broken, the price will go up to around 2000 If the fib line is broken, the market will...
No financial advice of course, but I bought some ;-) Range mid and high are my targets.
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...
My opinion on this idea is that ADXBTC has reached potential bottom. If you take a look at RSI indicator and price, you will see that we have lower lows on price chart, but whereas on indicator it's not going lower than 30 level, it's called divergence and in our case it's bullish. Additionally, price has reached 0.236 Fib level, which is last fib retracement...