ADXBTC - Perfect setup on dailyADXBTC is setting up nicely for another rally soon. 3 major supports on Daily are coinciding between 0.000230 and 0.000240.
1) 50% Fib of previous rally at 0.000232
2) 9MA support at 0.000236
3) Horizontal support at 0.000234
As a trader, I would start buying at 0.000240 as all above mentioned supports (if honored), indicate towards bullish continuation.
Targets - 0.000280, 0.000296, 0.00038, 0.000370, 0.000470
Stoploss around 0.000199 (to avoid false breakdown)
Long term bullish view on this pair, as expected product news yet to be priced in
Previous ADXBTC successful analysis link below:
www.tradingview.com
