Re-Evaluated Falling Wedge, still BullishI reevaluated the falling wedge and it occurred to me. This was was a failed wedge that created a new falling wedge ( Note Dark Gray lines vs. White lines).
Here are my latest notes:
-The Last 2 days have show a strong support around $ 0.77 which is also the 50 day MA.
-Stochastic: Showing a strong Divergence as well as being oversold.
-On Balance Volume: Still trending upward and holding its positive volume through the last couple weeks price decrease ( Serious bullish signal).
-This may not cure the Coronavirus, but HELLO it could Cure CANCER!!! Last time I checked People hated cancer more than the Coronavirus( Sorry for the rant)
We are still need a catalyst (News!!!!), But patience is a rough thing for most ( I mean hell I have ADHD, but I haven't left yet).
Holding strong, Bullish as F**K, and Remember BUY BUY BUY!!!
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I may not always be right but even when I am wrong I do it with Style!
Adxsetup
ADXS Long of Lifetime or OMG why did I buy that? Monthly chartMethod:
Bollinger Band/Keltner Channel squeeze happens when upper & lower KC enter into BB. Use RSI and Momentum to help determine price direction. Works great on daily charts when squeeze happens with increasing RSI and Mom (ideally above 0). However, the longer the stock is in the "squeeze", it develops a base in that price zone. Longer base means stronger base.
ADXS price has consolidated to an extreme which caused the BB to form a tight, narrow band. Price seems to have found a bottom and formed a very strong base. RSI and Mom are slowly increasing and volume consistently above normal.
Recent positive news from FDA and funding. FDA news was already priced in so smart money sold making a wonderful profit ( 2 institutions doing reg direct offering? ) Direct offering of 10 million at $1.05 likely provide a short term bottom and subsequent warrants 5 million at $1.25. Important to note that they come due 6 months after direct offering issued which should be 01/23/20.
It would be wise to prepare for this stock to trade in a wild range. I am mentally preparing for a drop to $0.81 because this stock has the makings of a life changing trade. MM's won't make it an easy ride!
This is my personal opinion and not intended as financial advise. Please do your own research and never risk more than you can loose (make sure you can sleep at night).
Best of luck traders
Falling Wedge ready on final bouncelets see if this sucker takes a monster bounce after a solid consolidation.. Buy before its too late!
$ADX 's Price is Suppose to Enter My Juicy Buy ZoneAt least is on advertising business. This token almost having 3/4 of it's total supply in circulating. Has been listed on Bittrex, Binance and Upbit will quite giving a lot of exposure on this project.
Technical parts:
1. As I draw the Elliot Wave it looks like it pretty much at the final of it and look for retrace ment.
2. The first bottom target which is 2711 sats was quite strong for a couple of bounce. Which i can tell, if it should be retraced then it should bounce from that level.
3. The same pattern as before, you can see it breached the box.
4. RSI level heading south, an additional bearish bias.
My next target of ADX sell order should be around 3919 sats and above, on this case, we're at least in mini alt season or ADX listed on big exchanges like Bithumb. Boom.
Safe Trade!
