ADX - RISING WEDGE PATTERN / DECREASE AHEAD?!ADX has recently seen an increase along with all of the altcoins, the price has now formed a rising wedge pattern which is indicated an upcoming bearish trend, we can expect this currency to correct to the secondary support line is the wedge is broken downwards, it would then be a good time to accumulate theirs.
MACD confirms a bearish trend.
RSI has a lot of space for downwards movement.
Orange - Resistance.
Pink - Support.
ADX
2018 Investment Portfolio (Speculative 5x - 10x)I have included all of the following coins in my investment strategy for 2018:
60% GNT (Current Price: $0.213)
22% ADX (Current Price: $1.02)
4% UBQ (Current Price: $1.31)
7% LSK (Current Price: $9.93)
7% EOS (Current Price: $1.91)
My total investment is $10,000 split as noted in the above ratios. The chart above also represents all these coins at the noted ratios!
Here is the reason why I chose each of those coins:
GNT (Golem): As you probably noticed, I have allocated a huge ratio to this coin. I am a strong believer in GNT and they are scheduled to release their "Brass Golem" somewhere within the first or second quarter of 2018. I speculate us reaching $0.7-$1.00 on release of "Brass Golem". If partnerships happen (Maybe with big companies such as Adobe), this coin has a potential to reach $2-$4.
ADX (AdEx): This is an decentralized advertising platform (Similar to BAT) with a very low marketcap of $58M. Their beta platform release is scheduled somewhere within the 1st quarter of 2018. There is a possibility of earlier release somewhere around December of 2017. I have personally gone thru the whitepaper of this project and I like what I see.
UBQ (Ubiq): Small marketcap coin with good potential.
LSK (Lisk): I have been holding Lisk since it was $4... The current price of $9.93 is pretty high, but as a longterm investor I believe it is safe to acquire more as Lisk should be releasing their SDK (Software Development Kit) and Rebrand quite soon. (Date will be announced tomorrow) ...
EOS: Scheduled to launch mainnet somewhere between May and July of 2018. EOS has been very controversial and I like what I see in their whitepaper.
Notes:
EOS pumped from 50 cents last month to $1.91 this month
Lisk pumped from $4 last month to $10.00 this month
It is a good strategy to have an additional $5,000-$10,000 to buy more of these coins if they happen to drop or correct. From an investor's perspective, accumulation of promising projects is the main goal! So having an extra $$ hedge on the side will help you invest more efficiently for maximal ROI.
Again, this is just a speculative portfolio for 2018.
I am not a trading or financial or investment adviser, so invest at your own due diligence and ONLY invest what you can afford to lose.
ADX - Critical Growth Pattern Adoption/Rejection ApproachingADX 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 this point, I have indicated several junctures in the near future that can serve as the "make or break" point in terms of overall long term success . This should be indicated within the next 1-3 days.
First, I compare moving averages at rates of 2-, 3-, and 7-day intervals, similar to a standard MACD of 12,26,9; however, the short term analysis requires more pattern identification in less time due to the fluctuations of Alt-coin values as the "third tier" of Coin. Let me digress for a minute... I consider BTC the current number 1 Crypto in terms of value per coin; I consider ETH the number 2 Crypto in terms of value per coin; and I lump all Alt-coins together at first as the "third tier".
i.e. You want the Gold? Great, go with BTC. You want the currency that will be used as the eventual mainstream backbone between all Cryptos? Great, go with ETH. If you want to play with "Stocks" in the re-birth of the NYSE on a global scale? Great, play with Alts.
Getting back to the topic here, third tier can also be split into two categories once it goes beyond a critical juncture that separates the long term growers, from the long term "failers" (a.k.a. "Shit Coins", as they've been publicly deemed). This only truly applies to ETH-Crypto because the volatility in the BTC market is too directly tied to the difficult-to-perfectly-time BTC HODLer increases within the direct BTC market.
I believe we are currently fast-approaching this breaking point for ADX-ETH (1-3 days)
1) Up-trending lower support limits indicate overall support for ADX-ETH (as indicated with two similar lower trend lines). While we have support there, there is also a tendency for Alts to decrease in "potential maximum" until the break even point leads the Alt into the promise land of "Higher Highs".
2) Higher Highs will be more-easily achieved this time around as we have come down to a tightly-oscillating pattern--in addition to the increasing lower support lines.
3) The cycles of growth followed by decline have decreased in frequency since the initial massive increase that occurred when the coin "broke out" (or got support from a considerably greater amount of sources) near its entry point into larger markets like Bittrex.
My conclusive recommendation would be to buy ADX at no more than 0.00275 ETH/ADX until the long term down-trend is proven to have been breached by a substantial margin. If you have the opportunity to buy ADX at <0.00265 ETH, you are at a safe buying point with options to get out in the mid-term future (10-15 days) if the trend reverts to a decline in the next 1-3 days.
If you have questions on my indicators, please reach out for an explanation. This is my first post on TradingView, so I'm still getting the hang of it all.
Best of luck in your research and knowledge gathering in your markets of interest!
-Big J
EDIT: I'm still unfamiliar with publishing here, so I've included the test on my Chart below.
Growth on 8/15 lasts 3 days -- Follows downtrend for 19 days
Growth on 9/4 lasts 3 days -- Follows downtrend for 15 days (apparent @ 0.0018)
Growth on 9/22 lasts 8-9 days -- Follows downtrend for 15 days (apparent support @ 0.0025)
Growth on 10/21 lasts 3-4 days -- Follows downtrend for 11 days (apparent support @ 0.0025)
Growth on 11/5 lasts 5 days -- Follows downtrend for "X" days
As of 11/17, we are on day "X" = 8, and at current rate of mid-long term "growth-downtrend" we should see sizable growth.
Prediction: 8 </= X <= 11
Made on 11/17 (08:00 AM CST)
How to use ADX? Explained in 300 words.The objective of this educational idea is to explain the use of ADX in 300 words.
I will be using short sentences so that it is easy to grasp and understand.
For a detailed overview, please visit the sources attached after the explanation.
DMS stands for Directional Movement System
It measures the direction of trend in the market
+DMS (Green Line) measures positive trend (uptrend)
-DMS (Red Line) measures negative trend (downtrend)
ADX stands for Average Directional Index
It measures the strength of the trend in the market, regardless of direction and confirms price movement (Black line)
It is measured from 0 to 100
It can also confirm if the market conditions are ranging or trending.
It is a lagging indicator i.e. it is used to confirm the direction of price movement and cannot be used as a trigger.
ADX/DMS indicator consists of 3 lines
Green line which is +DMS, Red line which is -DMS and Black line which is the ADX line
ADX is derived from smoothened averages (14 period) of difference between +DMS and -DMS.
Directional movement is calculated by
Comparing the difference between 2 consecutive lows… with the difference between their respective highs.
+DMS and -DMS are derived from smoothened average of these differences.
ADX hacks that you can use to understand signals and charts better -
When ADX is below 20 it is a ranging market
When ADX moves above 30 it indicates a strong trend. The duration of the trend is based on duration of the range before it.
ADX sloping means trending market conditions.
ADX with a flat slope means ranging market conditions.
When +DMS crosses -DMS, with ADX over 30 and going up, it is a buy signal confirmation.
When -DMS crosses +DMS, and ADX is above 30 and going up, it is a sell signal confirmation.
I would love to answer any questions you have on ADX and how to use it. Please ask any doubts you have in the comments below. I would also like any feedback you have to improve the way I explained ADX as this is my first post on trading view.
Sources
1. technicianapp.com
2. stockcharts.com
3. www.babypips.com
4. www.investopedia.com
ADXBTC CONSOLIDATION ABOUT TO BREAK OUT~ BULLISH DIVERGENCEADXBTC Consolidation about to BREAK out ~ MACD Bullish Divergence. 1 Hour Time Frame Los Angeles 2:48 AM.
Finally Adex is a company/coin/product that I've been eyeing for some time now. This company and a very few(BAT) actually have a working prototype that is trying to solve real world problems. As we know, marketing and advertisement is a very big industry especially with the growth of digital media. This is a force to reckon with. I am definitely mid to long term hold on this baby.
What to look for:
Prototype release this month.
RSI remains above 50+ and 60+ for bullish run.
MacD showing room for growth to the upside with bullish divergence.
BTC price must be stable.
ADX StrongWaiting for news. This is my largest position in the alt coin space. Has reacted strongly to news and looks to break out back to ath area. Good luck.