Adex VS Bitcoin 200% Growth PotentialThe downtrend of the Adex has ended at 5500 satoshi where it found the bottom and then went up breaking above the descending channel and hitting the 25k satoshi high. The corrective wave followed resulting in a rejection of the 61.8% Fibonacci retracement level, after which the downtrend trendline was penetrated, suggesting the beginning of an uptrend.
Fibonacci applied to the corrective waves down after the descending channel and the downtrend trendline breakouts show the strong resistance at 44k satoshi, that is over 200% potential gain from the current price. Although the timing and the price seem to be right, the consolidation could also take place.
On a downside, daily break and close below the 12k sathoshi could invalidate bullish outlook.
ADXBTC
ADX/BTC Time Frame 1 Hour on Binance Exchange.BUY:
13622 - 13904 Satoshi
SELL:
14474 - 14934 - 15394 - 15964 Satoshi
STOP-LOSS:
12984 Satoshi
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ADX pointing a first eye at the moon again (100% profit potent.)Another one set for a potential upward break-out!
AdEx is trading on a strong support and has just formed a Heikin Ashi doji (those who follow me will know by now that I sometimes refer to this trading technique (e.g. Previous post on BlockMason resulting in a 100%+ trade in a matter of days).
The setting of this one is quite similar, although ADX is already trading under it’s longer term blue Fibonacci retracement (78,6). The daily graph shows us a triangle (or even a bull flag if you will). We have to break through it on strong volume to confirm upward momentum . Given that we have a doji right now, ànd a bullish cross in the MACD , makes me believe this one could be ready to provide us some nice returns as well in the upcoming days.
We also see very low volume for the time being, if there is a nice spike there soon, together with upward momentum, we will be in for a treat.
FYI – I also highlighted some previous dojis & spinning tops that preceded and indicated a trend reversal in the graph (see white rectangles that highlight them!).
We should break around 16000 sat to be in the clear (nice entry point).
Note that the horizontal lines are Fibonacci retracement levels; + the white horizontal is a separate support line.
Good luck
ADX bullish flag + beta release in FebruaryADX is forming a flag pattern and breakout to the upside is expected.
They are releasing their beta prototype by the end of February.
This could easily go up 100% or more depending on the market state, how the big boy behaves and how much will they market this move.
Ill keep you updated
ADX Buy opportunity with 45% ReturnBITTREX:ADXBTC faced resistance at 61.8% retracement and its struck in a triangle pattern, once the price breaks above that then the target is 0.00034.
Entry level is at 0.00023 with stop loss at 0.000145 and the target at 0.00034.
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ADX - The gem that didn't popped out yet. What would it be if all the traders would just be right?!?! We'll all be ön the cover of Forbes Magazin, smiling next to Oprah and the Queen".
Therefore, I will be really optimistic and ...
This is one hell of the scenario with ADX. At this time looks like in a correction for me, as you can see in my drawing, in point D to be more specific. If it will go down to 8000 satoshi, the house is on fire baby.
The other scenario would be for ABCDE correction to be ABC, in this case for the gem to start climbing up from this point
In my optimistic scenario, this gem will climb over 200.000 satoshi from either 20.000 or from 7000.
Let's wait for the retrace and see if I was right.
AdEx VS Bitcoin AccelerationFollowing the previous idea on AdEx , it has corrected down as expected. Now it seems that the uptrend is going to continue, especially after ADX/BTC rejected the 3/4 Gann Fan trendline and 200 Moving Average at the same time.
AdEx could continue moving upwards towards one of the Fibonacci retracement levels. First strong resistance is at 61.8% level, that is 39k satoshi. Next is 76.4%, that is 46k satoshi. However, the price is also likely to test the psychological round number at 50k satoshi and that would be the final target for the potential upcoming wave up. only break and close below the 14k satoshi support could invalidate bullish outlook.
ADX/BTC BTRXIt broke the resistance trend.
Currently on top of 1h Ichimoku.
1h MACD seems to reverse, 1h Stoch RSI looks good.
3h Stoch RSI seems to reverse
1d MACD looks good
Also 1d Heikin Ashi produced more than 3 green candles.
It may retest the bottom of the cloud before it can pass.
Target areas are old support and resistance levels that also match fib zones