ADX/BTC (Bullish Descending Channel?)BINANCE: ADXBTC
-AdEX is trading inside a Bullish descending channel
-The confirmation of this pattern is a break to the upside
-The price is now trading at the previous resistance area
-The 200D MA dynamic support is approaching the price
-I recommend buying the break or retest of trendline resistance
-Upside potential is up to 2600 sat
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ADXETH
ADX/BTC (Trading @ 0.618 Fib level)ADX/BTC
-AdEx has been trading above 0.618 Fib level for 6 days now
-This is also a confluence of 50D MA dynamic support area
-It is currently showing strength and some attempts to break 1800 sat range
-If we can see two daily consecutive green candles
-There is a chance of potential upside breakout in the short term
-Let's hope BTC will remain sideways in this week
-So Altcoins may have the chance to recover from its recent pullbacks
ADX/BTC (Potential Support @ 1350 sat area)ADX/BTC
-After the recent over 200% price pump
-The price has retraced already by -50%
-ADX just broke the local support at 1800 range
-It is likely to fall further around 1350 support area
-If we can see any reversal signs in that region
-I recommend to open a Buy position and target up to 1700 or higher
-Stoploss is determined once a position enter is opened
ADX/BTC (200D MA ~ Key Support?)ADX/BTC
-The price touches the 200D MA & Key trendline support
-A strong bounce reaction happened to create a 15% relief pump
-If BTC Dominance will start moving sideways for the next 5-7 days
-ADX may likely to retest 1157 sat range which is a potentially new resistance
-But if the 1100 region becomes a new wall of the barrier
-It may send the price down and retest the swing low at 927 sat area
-Technically, trading is back inside a sideways channel
ADX/BTC (Up to 95% Profit Target)ADX/BTC
There is Two Bullish Factor here. #1 is 3 Triple Bottom and
#2 is the Ascending Pattern with a series of Higher High and Higher Low.
Another good thing is we are above both 50 MA and 100 Daily MA
which will act as strong support for this nice Bullish structure.
Trade setup
Buy area: 900 Sats - 780 Sats
Sell target: 1300 Sats - 1600 Sats
Stop loss: 675 Sats
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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/BTC Price AnalysisADX looks like a good play leading up to the Beta Release on January 30th (denoted by the vertical line on the chart). Watch for the bullish MACD cross in the next day or so. Additionally, ADX is the first DAPP built on the Neo platform, hence the strong correlation between the two. The Neo chart looks favorable (check the 1W view), therefore, I suspect ADX will follow down that path.
***This is not an entry point! I've been in for a few weeks, however, I am looking to catch dips along the way.
If my picks help you out, don't hesitate to share the love!
Eth: 0xF6451592D017dd29111d97b21F108F1e566F60b6
Btc: 3Qxd68TUeA3uVNSXizmDCbx5KhNUqngD7D
This is not investment advice, just my perspective on things.
$ADX started to move with good news. $ADX claims that they are ahead of the development schedule which supposed to happen in February. Allegedly, it may come alive in October. In TA, its on the correction phase ATM which we can consider as the second wave of fractal. I expect to that it reaches 20k at the end of 3rd wave.
ADX - Critical Growth Pattern Adoption/Rejection ApproachingADX has followed this pattern--as have many Crypto's to date--namely ETH traded Alt-coins. The pattern is best described as a tendency for cryptos to succeed in long term growth earlier than expected upon entry into markets like Bittrex--after graduating from small exchanges--IFF the Crypto in question breaks out of the initial down-trend cycle.
To illustrate this point, I have indicated several junctures in the near future that can serve as the "make or break" point in terms of overall long term success . This should be indicated within the next 1-3 days.
First, I compare moving averages at rates of 2-, 3-, and 7-day intervals, similar to a standard MACD of 12,26,9; however, the short term analysis requires more pattern identification in less time due to the fluctuations of Alt-coin values as the "third tier" of Coin. Let me digress for a minute... I consider BTC the current number 1 Crypto in terms of value per coin; I consider ETH the number 2 Crypto in terms of value per coin; and I lump all Alt-coins together at first as the "third tier".
i.e. You want the Gold? Great, go with BTC. You want the currency that will be used as the eventual mainstream backbone between all Cryptos? Great, go with ETH. If you want to play with "Stocks" in the re-birth of the NYSE on a global scale? Great, play with Alts.
Getting back to the topic here, third tier can also be split into two categories once it goes beyond a critical juncture that separates the long term growers, from the long term "failers" (a.k.a. "Shit Coins", as they've been publicly deemed). This only truly applies to ETH-Crypto because the volatility in the BTC market is too directly tied to the difficult-to-perfectly-time BTC HODLer increases within the direct BTC market.
I believe we are currently fast-approaching this breaking point for ADX-ETH (1-3 days)
1) Up-trending lower support limits indicate overall support for ADX-ETH (as indicated with two similar lower trend lines). While we have support there, there is also a tendency for Alts to decrease in "potential maximum" until the break even point leads the Alt into the promise land of "Higher Highs".
2) Higher Highs will be more-easily achieved this time around as we have come down to a tightly-oscillating pattern--in addition to the increasing lower support lines.
3) The cycles of growth followed by decline have decreased in frequency since the initial massive increase that occurred when the coin "broke out" (or got support from a considerably greater amount of sources) near its entry point into larger markets like Bittrex.
My conclusive recommendation would be to buy ADX at no more than 0.00275 ETH/ADX until the long term down-trend is proven to have been breached by a substantial margin. If you have the opportunity to buy ADX at <0.00265 ETH, you are at a safe buying point with options to get out in the mid-term future (10-15 days) if the trend reverts to a decline in the next 1-3 days.
If you have questions on my indicators, please reach out for an explanation. This is my first post on TradingView, so I'm still getting the hang of it all.
Best of luck in your research and knowledge gathering in your markets of interest!
-Big J
EDIT: I'm still unfamiliar with publishing here, so I've included the test on my Chart below.
Growth on 8/15 lasts 3 days -- Follows downtrend for 19 days
Growth on 9/4 lasts 3 days -- Follows downtrend for 15 days (apparent @ 0.0018)
Growth on 9/22 lasts 8-9 days -- Follows downtrend for 15 days (apparent support @ 0.0025)
Growth on 10/21 lasts 3-4 days -- Follows downtrend for 11 days (apparent support @ 0.0025)
Growth on 11/5 lasts 5 days -- Follows downtrend for "X" days
As of 11/17, we are on day "X" = 8, and at current rate of mid-long term "growth-downtrend" we should see sizable growth.
Prediction: 8 </= X <= 11
Made on 11/17 (08:00 AM CST)
ADX StrongWaiting for news. This is my largest position in the alt coin space. Has reacted strongly to news and looks to break out back to ath area. Good luck.
ADXETH Bittrex 13Sep2017 – in channel – close to supportADX looks to be moving in a channel against ETH and is closing to support level of 0.786 fibonacci of uptrend – 0.00194 level. We may hit a double-bottom there or price may break down. There may be looking for potential RSI divergence, MACD to confirm price reversal and context with Ichimoku cloud as well to indicate potential trend change – we may have buying opportunity then. If price breaks down next support is at 0.00044-0.00060 zone.
ADXETH Bittrex 03Sep2017 – Elliot wave (?).I am really curious whether this will work out. ADX has strong fundamentals. If price breaks through downward trendline and RSI, MACD confirms this can be a valid sign for a solid upward movement and completing Elliot wave 5. If price breaks down support line at 0.00225 new pattern may need to be seeked for. If upward movement develops profit may be taken at 0.0084 – 0.0094 levels. I will be watching price movement carefully and buy ADX for some ETH deposits if pattern progresses upwards.