AdEx / BitcoinLong
Adex(ADX) Support Line Buy
Updated
AdEx(ADX) is hitting its all-time low support, from 1 year ago, @ 4.2k
Around 2 weeks ago, it had a breakout from the trendline, with the price peaking with an increase of 2x and a global volume of 100$ million, which shows that there are a lot of eyes watching this market, waiting for something to happen.
Now that the price is right at the support(green), also near the new support trendline(orange), it is a good time to start slowly buying, and enter into your actual trade once the volume & price start increasing again(Don't buy too much unless if you see it quickly gaining momentum).
Also, there is strong macd divergence, with the price falling but the macd increasing, as seen with the blue arrows.
You should always cash out as the price increases, but my plan is to place a the main sell order near the resistance(red), and sell along as time passes.
As I said before, wait for it to gain some momentum, as it could just slowly go below the support without much action, if there isn't an initial push upwards.
Coin Details:
Market cap: $21.288.606
24 Hour Volume: $1.928.644 USD
Price: $0,289914
I haven't published a public idea on tradingview for a long time now, let's see how this goes
Around 2 weeks ago, it had a breakout from the trendline, with the price peaking with an increase of 2x and a global volume of 100$ million, which shows that there are a lot of eyes watching this market, waiting for something to happen.
Now that the price is right at the support(green), also near the new support trendline(orange), it is a good time to start slowly buying, and enter into your actual trade once the volume & price start increasing again(Don't buy too much unless if you see it quickly gaining momentum).
Also, there is strong macd divergence, with the price falling but the macd increasing, as seen with the blue arrows.
You should always cash out as the price increases, but my plan is to place a the main sell order near the resistance(red), and sell along as time passes.
As I said before, wait for it to gain some momentum, as it could just slowly go below the support without much action, if there isn't an initial push upwards.
Coin Details:
Market cap: $21.288.606
24 Hour Volume: $1.928.644 USD
Price: $0,289914
I haven't published a public idea on tradingview for a long time now, let's see how this goes
Note
It seems to be breaking down from the support, don't buy yet
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