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ADX

ADX BTC possible edge-to-edge cloud breakout, but lots of resistWe can see that it's approaching the edge of the cloud on the hourly and it's low near the bottom edge in the green cloud on the 4h chart. Plus the cloud is beginning to contract on the daily. I will draw some lines so that you see where the next areas of congestion will be. In truth it will have some difficulty going forward and I think it will consolidate for a while longer, especially if BTC is about to run.
by RotiWokeman
AdEx potential for breakoutAdEx is (just as BAT, see my other post) targeting the advertisement market, which is a major market. It has been in a slow decline over the last months, but has seem to found a bottomat the around the 0.887 fibonacci level. I have been buying small parts each time it hit the green box and are now waiting for it to breakout. Based on the pattern (falling wedge=reversal) and the indicators a breakout can be expected one of these days. The (Stoch) RSI and MACD show bullish divergence and there is room enough for buyers to jump in. Looking at the RSI, breaking one of the upper trendlines will indicate a breakout upwards, if the RSI crosses the lower trendline, this could mean that this setup failed and we will have to reanalyze. The first target would be around 0.00021.
Long
by heiders
2
ADX - BTC - Short/Mid Buy PointI have a love-hate relationship with AdEx, ADXBTC ADXUSD. I was a long term investor with Mid-Short Term trading in between where I thought I could see some of those long/mid term channels forming. That all changed when ADX went from ~$1.15 to friggin $3.00. I am optimistic we will have some more reasonable buy opportunities around ~$1.90 - 2.00. I am targeting 0.000108 - 0.000115 as my next buy in. We could see another example of a very undervalued coin making a continued run up to ~$5.00+. I do certainly think that we are in the position to see a come down to the price points I mentioned above. Don't be fooled by a short bounce at 0.000165 ADXBTC. This is still slightly above 1 standard deviation greater than the 14-day MA, yet, it is the upper support line of the longer term growth channel (red channel). I do think we should see a retracement/price reduction back into the red channel and ADX tends to see large drop offs in value when trend lines appear to be permanently passed (i.e. strong supports pointing toward upward growth, but soon to be overshadowed by a rise in BTC price). As BTC approaches $17,500, we should see many Altcoins move back into normal growth patterns with a great upside after the next BTC settling period (above $17,500); however, as I mentioned, those prices should see a large undercut during the BTC run up. My buy points are as follows: (1) 0.000115 -- 40% of investment (2) 0.0001050 -- 60% of investment --Stop Loss = 0.00009975 (sell off 100% of investment) Re-buy (3) 0.00009450 -- 200% initial investment amount. If we see an even larger BTC run up (BTCUSD > $20,000) and ADXBTC < 0.00008450, I will buy with 200% of my re-buy amount--effectively tripling my re-buy investment (#3) or sextupling my original investment (#1 & #2). As always, be safe and smart with your investments, use stop losses, and stick to your investment strategy! Evaluate Risk vs. Reward carefully, and don't treat a trend line like it's "the law"! Cheers, -Jordan
by jhindman989
2
AdEx Another 100% UPAdEx finally managed to break above the resistance at $1.5, that has been established back in October. There were few attempts to break above that level, but only on the 17th of December price closed above. Prior to that ADX/USD bounced off the uptrend trendline and the 50 Moving Average on the Daily chart. In addition, it started to produce higher highs and higher lows, suggesting that the uptrend is about to start. The nearest upside target is seen at 127.2% Fibonacci applied through the all-time high, and that is at $3.25. This is a 100% growth potential for AdEx in a relatively short period of time. Break above that resistance will confirm a longer-term uptrend, while rejection should result in a corrective wave down. Only a close below the 50 Moving Average could invalidate bullish outlook.
ALong
by CryptoPAMM
17
LTC/BTC Looks Ready To Moon Right Now BUT....LTC BITFINEX:LTCUSD is looking like a breakout is coming BUT we need another leg down to complete the D-E within the triangle. This analysis is marked Long because I simply see this as a buy setup. Hourly LTC BITFINEX:LTCUSD RSI matches our A-D so far throughout the triangle on all time frames which is one of the biggest mistakes traders miscalculate when thinking a A-E is forming. This leads me to believe we need this last leg down. We have had some heavy sell pressure on the ₿TC pair directly above our current range as seen with the volume profile on the right, overall sell pressure has been dominant on top of the triangle but will tire out with one last completion of the wave for a strong sturdy rally out of it. All of this is dependent on ₿TC's pair dominance in the market as with all alt coins , but our larger caps are starting to see separation the last 30 days from BTC's dominance. (See XMR and ETH also) I expect an almost perfect Tom Demark hourly 1-9 on this D-E as shown in the last B-C creating a perfect buy setup as long as our RSI and volume indicators such as the ADX and OBV match the current levels we are seeing on all time frames, below is the hourly ADX (yellow) and OBV (blue). Always use stop losses even on non-margin trades, in this case it would be set directly below the Ichimoku cloud (Kumo) bottom. (Leading Span 2) Again, keep an eye on BTC's dominance, BITFINEX:BTCUSD I recommend adding a BTC overlay on your LTC BITFINEX:LTCUSD chart to watch for pair divergences when entering this trade.
Long
by Nick_Core
6