ADX decending triangle - 400% Potential Profit
ADX has broken out of its long decent and has already hit the second fib mark. In the month of January, ADX has been stuck in a decending triangle and loading up for its next rally. We might have another test at the support but it seems to me we will be testing the resistance soon. If breakout occurs, we would need a volume increase to support the new trend.
Buy Range:
0.00014 BTC - Breakout of triangle
Target:
1) 0.00026 BTC
2) 0.00032 BTC
3) 0.00039 BTC
4) 0.00048 BTC
5) 0.00060 BTC
Stop Loss:
0.00012 BTC
Buy Range:
0.00014 BTC - Breakout of triangle
Target:
1) 0.00026 BTC
2) 0.00032 BTC
3) 0.00039 BTC
4) 0.00048 BTC
5) 0.00060 BTC
Stop Loss:
0.00012 BTC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.