Final leg before 5th elliott wave starts, testing FIB retraceI see ADX hitting the FIB line one more time around the 26.5k mark and then going on a nice run to complete the 5th elliott wave. Good buy point would be between 27k-26k, stop loss can be set at 25.5k since thats been a big support on its run so far.
ADX
ADXBTC - short term expected price movementsome quick price movement expectations on 15mn chart.
1) Move towards 0.000245
2) completing the right shoulder possibly and retract towards 0.000213
3) followup with a move towards head of previous H&S 0.000275
If you go long now, 0.000199 should be the stoploss
Long term bullish view on this pair, as expected product news yet to be priced in.
ADXBTC Above water and resting.ADX has surfaced from being under the 77 and 231 MAs.
Finding support around .00022 for a second leg up towards the .00045 resistance.
The next support zone should set up around the .0003 for future bounces.
Could we see a take out of the ATH? Target 2 could be around .00065 with shadows to .0007.
Expect a quick reversal back to support shadows hitting .0003.
ADXBTC Good Consolidation but not overADX has found support at the .382 fib retracement.
Continued trend could quickly hit .000106 for support. A reversal outside the channel will be a good sign for positive direction change.
Look for confirmation at .0002 and then targets at .0003 and 00065 quickly to follow.
ADX 1HOUR Chart Uptrend (AdeX Prototype Next Month!)ADX has broken through the downtrend that was caused by FUD related to china news, J.P morgan news and even Charlie Lees words on twitter. Remade my chart from 1 day to 1 hour so you can track it throughout the day. 1st Target is 24k and second 34k for a full retracement. This is my first analysis so please don't kill me if its wrong LOL.
ADEX POTETIAL UPTREND. 30%+Adex is sitting nicely on the Fibonacci, follow the support and resistance when trading. Adex tends to recover very quickly compared to other coins due to its volatility so make sure to set your stop-limits. (Especially when cryptocurrency markets have been rough lately)
I currently have mine an 8% - 10% of the price I bought in at.
ADX Trend reversalADX found strong support at the $1 (21k sats) line, and had strong volume come in that lead to a breakout of the 2 week downtrend. The breakout however was brought to a an abrupt stop at the previous support line we broke yesterday. If we fail to break resistance at 24600 sats a second it will lead to a double top and we may test 1$ support again. Buy signals- It's recommended wait for a bounce off the old downtrend line OR for conformation above the the 24700 sat resistance line before opening any long trade.
My buy in {22500 Sats} $1.04
Price target { 31000 Sats} $1.40*
Stop-Loss at {20600 Sats} $.90
Swing Trade 3-5 days
-Constructive criticism/comments welcome! Help me become a better trader