Last time we traded AdEx we generated 280% earnings, I believe we can enjoy similar results this time around, or even more.
Here is the long term chart for us to get started:
- The log scale is on since this is a long term chart. - Here I mark some dates, the all time high, bottom, EMA10 (blue) and several support levels. - We will take a closer look soon and examine the signals that point to future upward movement, but let's start by looking at the details of the next AdEx event.
UPCOMING EVENTS
- AdEx (ADX) - 30 September 2018 (or earlier) - AdEx Protocol - "We are releasing the AdEx protocol. It is a generalized advertising infrastructure that includes smart contracts and our node."
CHARTS, SIGNALS & INDICATORS
Let's have a closer look at the AdEx (ADX) chart, review the signals coming from the candles and indicators and move on to the trade instructions:
- After reaching a peak on the 2nd January 2018, AdEx's price started to go down and continued to do so all the way until now. The price bounced from a strong support established back in August 2017 and several signals are telling me that this might be the "bottom", which means we move up from here. - We broke and close above EMA10 (blue) line on the daily chart. This is a positive development; bullish of course. AdEx hasn't been able to close above this line since early May... Let's continue. - Very strong bullish divergence on the MACD, plus bullish crossover. We are still on the bearish side of the MACD but trending up. - The RSI played in and out of the oversold line for over two weeks. Now it is out of the bottom, trending up and showing for plenty of room available for additional growth. - The STOCH is trending up and in the bullish zone.
Note: These targets are for reference only. Not all targets are meant to be reached. The higher the target number, the longer it takes to get there. Aim for profits, 1-6 targets depending on the market conditions. If the market moves but without strength, 1-2 targets will do. Action with momentum, 2-4 targets. Good growth, up to 6 targets... Massive, long term growth, aim for the TOP.
Each time a target is hit, you sell for profits. Here you can find additional information on how to sell the targets.
You can sell 20% on the first target just as you can sell 100%. This choice is completely up to you. How you proceed will really depend on your trading plan and strategy. Long term traders buy and forget, come back later, in many months time, to collect. Short term traders sell everything when we hit the first or second target, while mid term traders sell a small portion at each target. You can also have a mix of all the above...
Stop loss: 0.00005700 (This stop loss is only valid if we 'close' a daily candle below this price. Just 'hitting' this price isn't enough to close this trade).
Note: Please remember, if your stop loss is activated, you can use the "Next support" level to buy back in at a lower price and increase your total number of AdEx (ADX) tokens for the next wave up.
Capital allocation: 2-3%.
Time: 2-8 weeks.
AWARENESS OF SELF
Who are you?
Who am I?
Are you aware of the self?
Yourself or myself?
They are both one and the same.
Achieve awareness of the self through deep conscious breathing / prayer / meditation.
Five minutes in the morning, after waking up.
Five minutes at night, before going to sleep.
You will be amazed by the positive wealth, security, patience and happiness enhancing results...
Namaste.
Note
Early bird gets the worm...
Note
Between a rock and a hard place. Needs more time...
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