AdEx (ADX) - Ready To Try Again (490%+ Earnings Potential)AdEx (ADX) only found support at the August 2017 levels. That's a downtrend of 4 months.
In the cryptocurrency world, let's see, that's like 126 years, so it is definitely prime to take off.
You can buy ADX all the way to: 0.00009800 (which is very close to 0.000100 where we will find the first resistance point).
Anything below the buy-in point, is good to buy on this trade. Meaning, from above stop loss all the way to 0.00009800 is your "buy-in range".
You can set a stop-loss at: 0.00005499.
With those basis covered; The price at which you buy in, and the price at which you give up if the trade doesn't come to pass (stop-loss), we can look at our targets.
The targets is where we face STRONG resistance, those are the points where the sellers does not want us to move from. Ok, got it seller... So we join them, and we take profits, those are the levels we use to sell our coins.
You can try the following target poins:
(1) 0.000133
(2) 0.000212
(3) 0.000331
(4) 0.000492
(5) New ATH
That is all the information you need to make this a successful trade.
Now, let's chat a little bit... Allow me to entertain you.
Oh wait, I forgot what I had to say.
GOOD LUCK!
ADXBTC
ADX 1H Timeframe Chart 14 December 2017ADX, sick retracement for this one. It might have found the bottom for now.
TA: it's going for a triangle pretty soon. MACD a bit positive, EMA's getting close and these get closer within the next few days. As the altcoins are doing pretty well, I'm expecting ADX to break the EMA and cross it, which indicates a nice jump, as it didn't have any in the last few days. If not, we might check the support around 6000 Sats back again.
ADX - RISING WEDGE PATTERN / DECREASE AHEAD?!ADX has recently seen an increase along with all of the altcoins, the price has now formed a rising wedge pattern which is indicated an upcoming bearish trend, we can expect this currency to correct to the secondary support line is the wedge is broken downwards, it would then be a good time to accumulate theirs.
MACD confirms a bearish trend.
RSI has a lot of space for downwards movement.
Orange - Resistance.
Pink - Support.
ADX BTC - Time for some action?ADX BTC on daily chart is now nearing the apex of a possible falling wedge. There are two possible scenarios:
1) The pair breaks out of the wedge above 0.000145. Conservative buy orders can be placed after the breakout confirmation. Targets are marked on the chart with blue lines. A break inside the wedge again on closing basis can be treated as stoploss
2) The price hits the top end of the falling wedge and falls back towards the lower end, in that case, buying range would be around 0.000086 (marked in orange). Targets will remain the same.
Happy trading :)
#cryptocurrency $ADX.X Relatively strong, building valueAdEx has been relatively strong against high Bitcoin volatility over the past few weeks, with a steady increase in value (ADXUSD, blue line) over this period. Recent fundamentals are positive and the coin's ripe for further positive catalysts. Risk/reward decent at these levels. Only thing hanging overhead is potential global crypto market effects from Bitcoin volatility, but when is that not the case?
How to use ADX? Explained in 300 words.The objective of this educational idea is to explain the use of ADX in 300 words.
I will be using short sentences so that it is easy to grasp and understand.
For a detailed overview, please visit the sources attached after the explanation.
DMS stands for Directional Movement System
It measures the direction of trend in the market
+DMS (Green Line) measures positive trend (uptrend)
-DMS (Red Line) measures negative trend (downtrend)
ADX stands for Average Directional Index
It measures the strength of the trend in the market, regardless of direction and confirms price movement (Black line)
It is measured from 0 to 100
It can also confirm if the market conditions are ranging or trending.
It is a lagging indicator i.e. it is used to confirm the direction of price movement and cannot be used as a trigger.
ADX/DMS indicator consists of 3 lines
Green line which is +DMS, Red line which is -DMS and Black line which is the ADX line
ADX is derived from smoothened averages (14 period) of difference between +DMS and -DMS.
Directional movement is calculated by
Comparing the difference between 2 consecutive lows… with the difference between their respective highs.
+DMS and -DMS are derived from smoothened average of these differences.
ADX hacks that you can use to understand signals and charts better -
When ADX is below 20 it is a ranging market
When ADX moves above 30 it indicates a strong trend. The duration of the trend is based on duration of the range before it.
ADX sloping means trending market conditions.
ADX with a flat slope means ranging market conditions.
When +DMS crosses -DMS, with ADX over 30 and going up, it is a buy signal confirmation.
When -DMS crosses +DMS, and ADX is above 30 and going up, it is a sell signal confirmation.
I would love to answer any questions you have on ADX and how to use it. Please ask any doubts you have in the comments below. I would also like any feedback you have to improve the way I explained ADX as this is my first post on trading view.
Sources
1. technicianapp.com
2. stockcharts.com
3. www.babypips.com
4. www.investopedia.com
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.