ADXBTC trade ideas
ADXBTC possible bounceADXBTC has twice touched support line at ~14300sats, and is forming a bullish pennant in the intermediate and the short term span which could lead to a potential bounce to 16300sats level, and possibly beyond.
One thing to keep in mind is that ADX team could be releasing a working prototype anytime in the next few weeks, that could trigger a serious increase in value.
ADX - Inside Falling Wedge heading towards support-linesADX is currently inside a big walling wedge, heading towards support zones.
MACD and RSI showing downwards on the daily and 4h chart (-)
Prototype release could not been released in oct. (-)
Volume decreased, lot of money pulled out caused by BTC fork and bad news
Support zones:
At bottom of the wedge : 8300-8500 Sat
At first support line : 7500 Sat
At second support line: 5500 Sat
Lowest: Around 3800Sat
Lot of volume will flow back after BTC-Fork is completed
ADX-BTCBuy In Points : .00011550
ADX looking similar to a breakout where the red arrow is located.
If Moving Average plays the same way we may see a breakout.
RSI and MACD trending downward waiting for reversal confirmation.
Be mindful with upcoming BTC HF.
Always Set a Stop Loss.
Blue Lines = Support/ Resistance
Green Lines = Trend Lines
Yellow Rectangle is strong Buy Area.
ADX possible bounce off new supportADX hit its lowest low, creating a double bottom and forming a new support level (dotted trend line). Potential for great profits with enough volume.
(Due to BTC's current bull state, pre-fork, it's very it's very possible for price to drop further and bounce on the bottom of falling wedge trend line)
ADX trying to go up and break resistance ADX is at this moment at a good price to buy and accumulate for the long , it has been trying in the past 2 weeks to break a resistance at about 20120 , if it can break that the first target would be
24500 and 2 target at 31000 , ADX is a good project with a solid team, look at there website to see more about there project , it as the potential for 100% profit in this moment , maybe we have to wait for the BTC fork coming on the 16 of Nov. but the potential to get to the first target before the fork is very high, Volume is slowly but steady increasing in the past week, all indicator point to the price going up. Please remember to put your stop lose , Let me know in the comment what you think. This is not a financial advise it is my own opinion.
ADX gearing up for another run upADX has a lot of positive signals right now. It will probably struggle a bit in the coming 2-3 days though I do not expect it to drop 11300.
I'm expecting a quick run up towards about 18600 in the 3 days afterwards, reaching the top somewhere on sunday. The expected top matches both the long term resistance and the fibonaci level from the previous runup perfectly.
Find a good entry point in the coming days and set a stop loss. If it does not play out, I expect it to go back towards bottom support.
ADX still looking strongAdex managed to hold its 0.618 retracement from the breakout pretty nicely. Coiled up a bit to reset momentum and looks like to be trying to make its way above the trend again. It is meeting resistance on the 0.5 which is quite common back up on this extension now however these markets do their best to shake people off; they are true bull rides. High time frame stochrsi looks strong, especially the 3d which is a good sign for the move to come. The next resistance would be likely found in the 26k+ zone which aligns perfectly with the 1.61 extension fib. Fundamentals will most likely support this technical move and volume seems enough to feed many people.