ADXBTC trade ideas
ADX / BTC analyticsThe project to create a decentralized blockchain platform, uniting the interests of advertisers and publishers, bypassing intermediaries. An easily scalable idea, but needs to be worked out.
At the end of July, the AdEx project’s token added in the UBCI advertising industry index and the trade volume has grown many times, remaining up to this day. At the same time, the asset continued to fall along with the market and update the bottoms. So, on September 12, the price reached 0.00002319, against the market has already started to gain momentum and grow.
Technical analysis does not work at the token’s chart. Inside platform payments only with it's own tokens occur, then the assets are frozen until the completion of the contracts, which can be quite long. During the day, volatility reaches 3-10%, while there are trades with large volumes periodically. Note that by increasing volumes, volatility is also growing. When opening intraday position, be sure to set stop-losses.
The character of trades on this asset is rather applied in fact, tokens are purchased for operating activities. Not suitable for speculative operations.
There may be good prospects in the long term, but you should wait for the release of the commercial version of the platform.
$ADX 's Price is Suppose to Enter My Juicy Buy ZoneAt least is on advertising business. This token almost having 3/4 of it's total supply in circulating. Has been listed on Bittrex, Binance and Upbit will quite giving a lot of exposure on this project.
Technical parts:
1. As I draw the Elliot Wave it looks like it pretty much at the final of it and look for retrace ment.
2. The first bottom target which is 2711 sats was quite strong for a couple of bounce. Which i can tell, if it should be retraced then it should bounce from that level.
3. The same pattern as before, you can see it breached the box.
4. RSI level heading south, an additional bearish bias.
My next target of ADX sell order should be around 3919 sats and above, on this case, we're at least in mini alt season or ADX listed on big exchanges like Bithumb. Boom.
Safe Trade!
ADX/BTCRisk : High
Coin: ADX/BTC
Exchange: Binance
Entry Zone: 0.0000278 - 0.0000282
Target 1 : 0.0000303 (10%)
Target 2 : 0.0000336 (20%)
Target 3 : 0.0000378 (35%)
Conservative Stop Loss: 0.0000265(5%)
Normal Stop Loss : 0.0000252 (10%)
Comment : ADX show a good uptrend, and we can see a consolidation with the VPVR, and we can see a lot of space for a bull run. The only uncertainty for the moment is the Bitcoin, but like we show you this morning, it's not the time to panic.
ADX is preparing for growthAdEx price of 3 weeks is in the range of 0.000026 - 0.000032. I expect further growth to levels: 0.00005 and 0.00008
I want to tell you about a service that expands trading opportunities. 3commas (3commas.io) is a service that is a platform for traders with various tools that help to trade more effectively. For example, you can simultaneously set stop loss and take profit
When registering, you will have 3 days of professional fare (free of charge)
A scary but hidden GEM !Now, you see that huge bullish candle for few days ago? THAT my dear friends, is the WHALE candle. The balance on that candle is around 7200. Right now, this market is shining with green colors, it's up to you to take this GEM or not, but, for swing trading, the very first target would be around 14K and the next one, go and take a look for ATH yourself :p
AdEx ... Decide yourselfHi everyone!
Let's do a quick view of AdEx.
Seems that "market" in general is gonna have a fast bullrun (hours-days-few weeks.. but not more than that) and than correct itself to reach lowers levels.... In this case is draw like a posible AltShark or maybe a Nen-Star...
As always, our positive scenario is guided by the green path... and the negative one could reach in the better case only the 0.236 red fib level.
This is just for educational uses.
If you like my ideas, please hit Like, leave a comment, share them and follow me for more!
GoodTrade
-CJ-
ADX trade stratsIf you're looking to get into ADX here's some of my suggested entries and exits.
there's actually 3 different strategies being shown, all color coded.
Might be a little hard to follow at first but it starts to make sense the longer you look at it lol
NOT FINANCIAL ADVICE
FIND YOUR OWN LEVELS
SUPPLEMENT W/ MINE
p.s. i love you
ADX uptrend: Short term tradeNote: Do you like this trade? Please give it a thumbs up! I would love to know if it was useful for you! If you can do so, I am thanking you in advance!
Looking at ADX, we see that it bounced earlier at (0.0000)5857, and it is in an uptrend since then. We see it traces higher lows and higher highs from there. After the strong spike upwards, it retraced and a local support formed at 6318. From there it went up again and I draw a local resistance line at the height of the local swing high @ 6500.
MACD-H is a little bit neutral, showing the result of the consolidation after the large green bars, but it seems to move upward again.
ADX is going strong, and this is a good sign. RSI is also tracing higher levels, we’re even a bit overbought right now, but there is room for being overbought if thet rend continues.
The impulse system allows us to buy, as both MACD-H and EMA are up.
When the local resistance @ 6500 is broken, we could buy in. Place a buy order above 6510 would be a solid to do.
Alternative entry with higher risk:
As I have seen the resistance was broken and the indicators are strong as indicated above, I decided to buy below the local resistance on a shorter timeframe.
I suspected it would dip below the fast EMA, somewhere in between the value zone between the fast and slow EMA on a 5m timeframe. My entry was at 6481, but It was getting even lower. I was again
The arrow shows it dipped below the fast EMA before, and I expected it do so so again.
The Stoploss is set somewhat below the local support line. It’s a short term trade, and if we break this support, the trade setup becomes invalid.
The proit target 2 is the aim, and when we’ve broken the resistance fully, the stoploss will be raised to right below this new support level.
Risk Reward Ratio:
Entry level: 0.00006510
profit target 1: 0.00006626
profit target 2: 0.00007041
Stop Loss: 0.00006300
R/R ratio: 1: 2.5