ADX
ADXBTC CONSOLIDATION ABOUT TO BREAK OUT~ BULLISH DIVERGENCEADXBTC Consolidation about to BREAK out ~ MACD Bullish Divergence. 1 Hour Time Frame Los Angeles 2:48 AM.
Finally Adex is a company/coin/product that I've been eyeing for some time now. This company and a very few(BAT) actually have a working prototype that is trying to solve real world problems. As we know, marketing and advertisement is a very big industry especially with the growth of digital media. This is a force to reckon with. I am definitely mid to long term hold on this baby.
What to look for:
Prototype release this month.
RSI remains above 50+ and 60+ for bullish run.
MacD showing room for growth to the upside with bullish divergence.
BTC price must be stable.
ADX StrongWaiting for news. This is my largest position in the alt coin space. Has reacted strongly to news and looks to break out back to ath area. Good luck.
ADX possible bounce off new supportADX hit its lowest low, creating a double bottom and forming a new support level (dotted trend line). Potential for great profits with enough volume.
(Due to BTC's current bull state, pre-fork, it's very it's very possible for price to drop further and bounce on the bottom of falling wedge trend line)
STRAT + ADX comparison (fractal)$ADX looks similar to STRAT before the breakout and before it made a 6000% price gain.. if if breaks the trendline and closes above this could be a big winner.. FA is also strong on this one.. really good RR imo.. always dyor u know its still crypto..
$USDCAD LONG NECKLINE BREAKLong 2 contracts @1.249 before neckline break @1.252. Looking for resistance at 100% Fib extension @1.279 from low @1.208. Anticipating pullback into .61.8-38.2 zone next week to two weeks before continuing ascent towards 1.618 Fib extension area around 1.325-1.332. ADX also showing move above 20 and +DMI clearly in ascendancy.
STR - ADX indicator crosses above 20 in a down trendWaiting for the bottom of the down trend to go long.
I am thinking of testing the Awesome Oscillator this time as an entry point, either but twin bottoms with higher lows, or crossing above zero line.
EURUSD Triangle Break$EURUSD broke through bottom of triangle @1.1684 after previously reaching the top of the channel. Also looking to put in final leg of the right shoulder. Price searching for support, probably around the 1.16750 mark. ADX below 20 so no obvious trend, though I'm setting up for further bearish decline.
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.