ADXBTC
Final leg before 5th elliott wave starts, testing FIB retraceI see ADX hitting the FIB line one more time around the 26.5k mark and then going on a nice run to complete the 5th elliott wave. Good buy point would be between 27k-26k, stop loss can be set at 25.5k since thats been a big support on its run so far.
ADXBTC - short term expected price movementsome quick price movement expectations on 15mn chart.
1) Move towards 0.000245
2) completing the right shoulder possibly and retract towards 0.000213
3) followup with a move towards head of previous H&S 0.000275
If you go long now, 0.000199 should be the stoploss
Long term bullish view on this pair, as expected product news yet to be priced in.
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.
ADXBTC Good Consolidation but not overADX has found support at the .382 fib retracement.
Continued trend could quickly hit .000106 for support. A reversal outside the channel will be a good sign for positive direction change.
Look for confirmation at .0002 and then targets at .0003 and 00065 quickly to follow.
ADX 1HOUR Chart Uptrend (AdeX Prototype Next Month!)ADX has broken through the downtrend that was caused by FUD related to china news, J.P morgan news and even Charlie Lees words on twitter. Remade my chart from 1 day to 1 hour so you can track it throughout the day. 1st Target is 24k and second 34k for a full retracement. This is my first analysis so please don't kill me if its wrong LOL.
GEO - Why I am adding long term! and not holding ADXWhen we look at the fundamentals of a coin, there are very few other than longevity, application, Team, and most importantly, is there a current application or is it still in development. GEO was my first alt-coin I bought for speculation, but maybe it's not speculative anymore. We see coins with promises, timelines for development, and alledged "contributors or advisers" and think this might be a good investment only to realize it was a pump-n-dump. In addition we have to understand that some will make it to actual real world applications, and some won't. This is why it is critical to separate speculative from non. How do I do this? Well bottom line does it have an application and is it already in use.
Many have considered GEO similar to pokeman, which was all the rage a month ago but had no realworld application other than a game. But this is what makes GEO so interesting.Think of how people scurried around from place to place just to get, well, tokens. But seldom are the rages the final application,but they generally are telling us what is soon to come. And here comes GEO. Geo is similar to pokeman as it rewards people for running around collecting tokens. Now at first you might think this is silly, but it has a very very VERY huge market application. What is it you might ask? ADVERTISING!!!!! We see many coins like Adx and others that are going to be the advertisers of the future right? Wrong! Well maybe. But GEO is already there with a real world app! Imagine I'm a coffee shop and it's been slow so I decide to drop a few GEO's at my coffee shop with say, 1/2 off coupons to get some business in and cash flow? Well anyone with the app would see the coins, and if they are in the market for coffee, whalllaaaaa! Here they come. It costs me a few GEO's to do this, but cost of customer acquisition is key. If I have to advertise, for say $250 in four different papers, I may get a few into my coffee shop with a coupon but many throw it away. However, I'm paying to advertise to those people. With an app for GEO I can directly market to those that like coffee, which is the best form of marketing. So I pay a token when I get a customers interest! Sound familiar? It should, this is how Google works!!!!!
Now let's look at the graph. We see a similar pattern to KORE, which we posted a few days ago, and boy has that horse been a winner! I love the long shadows on the bars, as to me this is telling me someone is buying it in large quantities. What else could it be? Maybe I'm wrong but I'm definitely seeing a pattern here. I will not go into the technicals as they are quite obvious and most of you can read them. Moreover this is one of my favorite "under the radar" coins. It already has an app and to me it's much farther ahead then others in the same space, ADX etc. And unlike these other coins, it can be easily made into an app on your phone with navigation. Wow a restaurant, pet shop, and just about any other small businessman's (or women's) dream. Direct marketing for customers. This is what made google so big. I'm may be adding here and this is quickly looking to be a core position in my wallet, is it in yours? I would love to hear some feedback on what you might think! As this is just one of many apps for a navigation token.
ADEX POTETIAL UPTREND. 30%+Adex is sitting nicely on the Fibonacci, follow the support and resistance when trading. Adex tends to recover very quickly compared to other coins due to its volatility so make sure to set your stop-limits. (Especially when cryptocurrency markets have been rough lately)
I currently have mine an 8% - 10% of the price I bought in at.
ADX Trend reversalADX found strong support at the $1 (21k sats) line, and had strong volume come in that lead to a breakout of the 2 week downtrend. The breakout however was brought to a an abrupt stop at the previous support line we broke yesterday. If we fail to break resistance at 24600 sats a second it will lead to a double top and we may test 1$ support again. Buy signals- It's recommended wait for a bounce off the old downtrend line OR for conformation above the the 24700 sat resistance line before opening any long trade.
My buy in {22500 Sats} $1.04
Price target { 31000 Sats} $1.40*
Stop-Loss at {20600 Sats} $.90
Swing Trade 3-5 days
-Constructive criticism/comments welcome! Help me become a better trader