ADXBTC trade ideas
ADX pointing a first eye at the moon again (100% profit potent.)Another one set for a potential upward break-out!
AdEx is trading on a strong support and has just formed a Heikin Ashi doji (those who follow me will know by now that I sometimes refer to this trading technique (e.g. Previous post on BlockMason resulting in a 100%+ trade in a matter of days).
The setting of this one is quite similar, although ADX is already trading under it’s longer term blue Fibonacci retracement (78,6). The daily graph shows us a triangle (or even a bull flag if you will). We have to break through it on strong volume to confirm upward momentum . Given that we have a doji right now, ànd a bullish cross in the MACD , makes me believe this one could be ready to provide us some nice returns as well in the upcoming days.
We also see very low volume for the time being, if there is a nice spike there soon, together with upward momentum, we will be in for a treat.
FYI – I also highlighted some previous dojis & spinning tops that preceded and indicated a trend reversal in the graph (see white rectangles that highlight them!).
We should break around 16000 sat to be in the clear (nice entry point).
Note that the horizontal lines are Fibonacci retracement levels; + the white horizontal is a separate support line.
Good luck
ADXBTCWe expect a bounce from Right Shoulder right to the the upper edge of triangle and resistance level of 0.5 Fib around 15000, testing this patterns for a breakdown. In case of success consolidation above 0.5 Fib the price will continue to grow.
ADX is waiting for relizing platform, but exact date is unknown. But, if the release date is transferred, we can expect a stop-loss.
Good long term investment. Signal for this coin with accurate in the Premium Telegram channel.
ADXBTC very fast analysis very fast profitbreaking out ichimoko cloud ...
MACD looks prety good at 1H chart
RSI looking bullish
forming cup & handle
becouse not having much of time the details of this idea will be updated later
trade at your risk ... your eyes on the chart better then any idea .. trust your self
becouse you deserve the best
targets will be in the next update
having more then 10 likes will be a reason to update this idea very fast
please support me by click like and follow ...
ADXBTCNew ADX mascot probably won't be enough for breakout to upside (see medium.com), but it's a cute one :)
There is important resistance (in red) which ADX has to break on its way up. Currently my entry will be just above 20k.
For stop loss - I'll first set it bellow 14k - I know, relatively high loss, but I'm willing to take it. And later, if things will go according to plan/wish, I'll put it higher.
Current targets are 25k and 33k with part of trade for longer time, but let's see what will happen.