AdEx Simple Signals: Price Action Explained (Lowest In 7 Years)
Updated
We can spot a bottom on this pair because the action has gone flat on the low side. Not only flat but it is actually moving up as the "upper resistance" line is being challenged.
These are price action signals. You see no indicators on the chart.
On the left side of the chart the dynamic is pretty simple, lower highs and lower lows; a downtrend. When this dynamic ends, we can start to look for a reversal and that's the signal that I just mentioned.
These are simple signals yet very powerful. It requires keen observation.
Now, if I were to look at the RSI what do I find?
Bullish and rising (higher lows) since February 2024.
While this pair, ADXBTC, just hit its lowest price in 7 years, the RSI is bullish. This indicates that the bottom is likely in and we are ready for growth.
The MACD would also show a strong bullish divergence and a bullish bias as it trends up. The signals are everywhere, we just have to look carefully at the chart.
We can predict the future with a high level of accuracy with technical analysis... The proof is in the results.
Namaste.
These are price action signals. You see no indicators on the chart.
On the left side of the chart the dynamic is pretty simple, lower highs and lower lows; a downtrend. When this dynamic ends, we can start to look for a reversal and that's the signal that I just mentioned.
These are simple signals yet very powerful. It requires keen observation.
Now, if I were to look at the RSI what do I find?
Bullish and rising (higher lows) since February 2024.
While this pair, ADXBTC, just hit its lowest price in 7 years, the RSI is bullish. This indicates that the bottom is likely in and we are ready for growth.
The MACD would also show a strong bullish divergence and a bullish bias as it trends up. The signals are everywhere, we just have to look carefully at the chart.
We can predict the future with a high level of accuracy with technical analysis... The proof is in the results.
Namaste.
Trade active
Bullish breakout confirmed. This is now above resistance. Prepare for maximum growth.
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