AdEx Bottom Signal (Potential Between 480% & 1,255%)
Updated
AdEx is showing strong reversal signals based on the daily timeframe price action while at the same time it hit a strong low on the RSI.
Let me show you...
This is the lowest level since June 2021, almost three years ago and obviously a bullish signal.
This bullish signal is already confirmed because ADXBTC RSI has a reading of 48 after hitting 25 (oversold).
Notice the daily timeframe:
A new All-Time Low hit today and the bounce that follows is really strong. This is based on the full green candle moving above EMA10 and challenging EMA21.
We also have a falling wedge.
The whole picture is quite bullish but this is only short-term.
We end with the weekly chart:
While not much seems to be going on here, we have a DragonFly Doji so far this week as the new ATL was hit. An even bigger falling wedge is also present and we know how strongly bullish are the ALTSBTC.
A long-term bullish divergence can be spotted with the weekly RSI; it bottomed July 2019 and has been producing higher lows since. This is a 4.5 years old divergence.
Additional details on the chart.
Namaste.
Let me show you...
This is the lowest level since June 2021, almost three years ago and obviously a bullish signal.
This bullish signal is already confirmed because ADXBTC RSI has a reading of 48 after hitting 25 (oversold).
Notice the daily timeframe:
A new All-Time Low hit today and the bounce that follows is really strong. This is based on the full green candle moving above EMA10 and challenging EMA21.
We also have a falling wedge.
The whole picture is quite bullish but this is only short-term.
We end with the weekly chart:
While not much seems to be going on here, we have a DragonFly Doji so far this week as the new ATL was hit. An even bigger falling wedge is also present and we know how strongly bullish are the ALTSBTC.
A long-term bullish divergence can be spotted with the weekly RSI; it bottomed July 2019 and has been producing higher lows since. This is a 4.5 years old divergence.
Additional details on the chart.
Namaste.
Comment
This is an easy one. The chart looks perfect and it has great growth potential.
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