ADXBNB
ADX/BTC (Bullish Descending Channel?)BINANCE: ADXBTC
-AdEX is trading inside a Bullish descending channel
-The confirmation of this pattern is a break to the upside
-The price is now trading at the previous resistance area
-The 200D MA dynamic support is approaching the price
-I recommend buying the break or retest of trendline resistance
-Upside potential is up to 2600 sat
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ADX/BTC (Trading @ 0.618 Fib level)ADX/BTC
-AdEx has been trading above 0.618 Fib level for 6 days now
-This is also a confluence of 50D MA dynamic support area
-It is currently showing strength and some attempts to break 1800 sat range
-If we can see two daily consecutive green candles
-There is a chance of potential upside breakout in the short term
-Let's hope BTC will remain sideways in this week
-So Altcoins may have the chance to recover from its recent pullbacks
ADX/BTC (Potential Support @ 1350 sat area)ADX/BTC
-After the recent over 200% price pump
-The price has retraced already by -50%
-ADX just broke the local support at 1800 range
-It is likely to fall further around 1350 support area
-If we can see any reversal signs in that region
-I recommend to open a Buy position and target up to 1700 or higher
-Stoploss is determined once a position enter is opened
ADX/BTC (200D MA ~ Key Support?)ADX/BTC
-The price touches the 200D MA & Key trendline support
-A strong bounce reaction happened to create a 15% relief pump
-If BTC Dominance will start moving sideways for the next 5-7 days
-ADX may likely to retest 1157 sat range which is a potentially new resistance
-But if the 1100 region becomes a new wall of the barrier
-It may send the price down and retest the swing low at 927 sat area
-Technically, trading is back inside a sideways channel
