Adex
ADEX 4 HOUR CUP & HANDLE FORMING BULLISHADEX 4 HOUR CUP & HANDLE FORMING. Los Angeles 1:00 AM.
Disclaimer: This cup & handle is not going to be 100% perfect but use your imagination and try to get an estimate of where everything might happen if it works out perfectly. I can assure you even if a cup and handle appears perfectly the break out might not be what it is supposed to be.
What to look for:
RSI remains above 50+.
Buying in at the bottom of the cup.
Using fib lines to create (TP) target profits. I suggest creating your own and utilizing stop losses.
All target profits are slightly before previous resistance levels to lock in your profit.
Not all targets are going to be hit. Maybe none at all.
Last but not least make sure there's volume or it becomes dud.
ADEX 4 HOUR TIME FRAME BUY FOR LONGAdex is showing Bullish Divergence. Los Angeles 9:05 AM.
Adex found support near the 12k sat and looking to recover above the clouds.
If RSI breaks 50, a new trend will start and above 60 for the bullish run.
The price action is about to break the Kijun-sen and find support on the 26 day moving average.
Bullish divergence shown on the macd.
The yellow dot marks the area where Adex missed the run.
Adex has a good setup for a big run with the accumulated strength & continuing bullish divergence.
To confirm/predict an uptrend - Look for the Chikou Span -26 lagger (green) to cross the Kijun-sen 26 HL (red) and we can confirm/predict an uptrend before it starts happing in the price action.
ADXBTC: likely going lowerADX is also being pushed down due to the massive bull run of BTC.
This is currently my primary view.
As we broke the low of wave A, it is likely ADX will correct lower before it is ready to rally.
Let's see if we get the long setup.
Also some nice divergence showing on the 4 hour MACD.
ADX/BTC Support & Resistance - My JourneyI've spent the day charting the support and resistance lines for AdEx. I've indicated where I've bought into the coin. Although normally I follow a doubling, tripling, or quadrupling up method on a market downturn, I digressed from my normal path here a bit, buying more at a higher price than normal for myself. I corrected, and am currently waiting to quadruple up at the bottom of the market depending on what it does. I believe the market might turn around when it hits this next support line, but trends seem to also show that the market as a whole is in a bearish downturn due to the looming forks and uncertainty surrounding BTC. This is an excellent time to wait, be patient, and QUADRUPLE DOWN on your investments! When the dust settles from the BTC hard fork, the alt coin markets will come surging back as all those money chasers look to double, triple, or quadruple their money! I personally will wait to see how low the market goes before maybe octopuling (real word?) up at the real bottom!
ADXBTC - Perfect setup on dailyADXBTC is setting up nicely for another rally soon. 3 major supports on Daily are coinciding between 0.000230 and 0.000240.
1) 50% Fib of previous rally at 0.000232
2) 9MA support at 0.000236
3) Horizontal support at 0.000234
As a trader, I would start buying at 0.000240 as all above mentioned supports (if honored), indicate towards bullish continuation.
Targets - 0.000280, 0.000296, 0.00038, 0.000370, 0.000470
Stoploss around 0.000199 (to avoid false breakdown)
Long term bullish view on this pair, as expected product news yet to be priced in
Previous ADXBTC successful analysis link below:
www.tradingview.com
Let's watch ADX / USDGood Hidden Bullish Divergence
For the 12 October max, if the divergence is ready by now, then we should have a good surprise with a raise to 1.7's
+0.55 from 1.16
AdEx Breakout to ATH?AdEx Breakout to ATH?
Cliff High:
"The data sets would have AdEx (and others in the space) be benefiting from the 'money vacuum' that is forecast to be 'plunging' with the 'destroyed channels (for payment)' by February 2018. The data would have the 'alternative (to usual) advertising' space go into 'hyperactive frenzy' in a very 'visible' manner fromMarch of 2018 forward for a number of years."
ADXBTCAdEx with Elliott Waves 12345
AdEx - is not just a crypto currency - it's a project that can change the world of advertising, for the better. A crypto currency AdEx (ADX) is money inside the platform.
January 30, 2018 - Beta release
By January 2019, AdEx developers are planning to release the AdEx v.2 platform
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.