ADEX Analysis on Daily Chart
ADEX has been dropping fast from 30k to where it is now. However, the coin is showing some strength at the key support level where it has already bounced twice.
It should test the resistance level on the daily which I believe it will break.
If ADEX can break the key resistance at 20k and hold a daily candle above it, then there is very little resistance going up to 30k.
The Squeeze Momentum Indicator also shows that the price has been squeezing a lot. This means that it will have a lot of momentum behind the next move (whether it be upwards or downwards).
Personally, I've already entered a position because of this equilibrium pattern break on this 4 Hour Timeframe.
I think now is a good time to buy in or wait until key resistance break for free ride to 30k.
ALSO, in an effort to stay transparent - I bought in at 12330 satoshis. Will keep you all posted on my sale price(s).
DISCLAIMER:
I'm just sharing my trades so you can follow me if you want. Best of luck out there everybody! :)
PS: Just saw that I typed 'likely to REST resistance' when I meant to type 'likely to TEST resistance' sorry about that typo!
It should test the resistance level on the daily which I believe it will break.
If ADEX can break the key resistance at 20k and hold a daily candle above it, then there is very little resistance going up to 30k.
The Squeeze Momentum Indicator also shows that the price has been squeezing a lot. This means that it will have a lot of momentum behind the next move (whether it be upwards or downwards).
Personally, I've already entered a position because of this equilibrium pattern break on this 4 Hour Timeframe.
I think now is a good time to buy in or wait until key resistance break for free ride to 30k.
ALSO, in an effort to stay transparent - I bought in at 12330 satoshis. Will keep you all posted on my sale price(s).
DISCLAIMER:
I'm just sharing my trades so you can follow me if you want. Best of luck out there everybody! :)
PS: Just saw that I typed 'likely to REST resistance' when I meant to type 'likely to TEST resistance' sorry about that typo!
Disclaimer
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