ADXBTC trade ideas
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
AdEx (ADX) - Powerfull long term buy (300%)ADX is a coin targeting the means of payment for the online advertising market. It was listed for the first time in July of 2017 and has risen by only 0.000087 BTC to just 0.00019 BTC. The core technology of ADX is expected to be ported to NEO, and has recently joined the first member of the Blockchain
The rumors are that in february the token price will double. This is a key date cause next month the AdEx company releases a Beta app for ads exchange.
This will pump to the moon their market cap.
As we can see the coin has exploded since 6 january 2018 -
The uptrend is still going with us.
A good resistance level at 19500 - 21000
When breaks we fly to the moon
Buy zone 21500-22000
Short term - buy 21005 sell 23800
Long Targets
1) 23800
3) 46000
4) 57000
5) 70000
I expect 200% until 1st feb minimum.
Don t forget, the best thing is HODL!
Namaste!
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.
ADXBTCAdex recently broke out of its bullflag and is moving well.
Looking to break the height of the bull flag but the SRSI is quite overbought so the arrows indicate two possible scenarios.
The most likely scenario is that we bounce off the top of the flag high and consolidate before making another run to the previous high. This can be a 16% or 20% move depending on your entry.
AdEx VS Bitcoin - Medium Term OutlookFollowing the previous idea on ADX/USD , it has reached the upside target and rejected it. Pretty much the same is happening with Adex against the Bitcoin as it has approached the resistance at 25k satoshi.
This level has been acting as a support well as the resistance between August and September, so now the history may repeat itself. Not to mention that ADX/BTC reached the top of the descending channel and is very close to 2/1 Gann Fan trendline. 25k satosi support area could be acting as a strong resistance and could potentially send Adex back to the 200 Moving Average or the uptrend trendline.
On the upside note, break above the 25k resistance could prove that the trend up continues and then a buying opportunity might present itself. As for now, Adex remains a risky coin to hold.
ADXBTC - great volume, new to Binance. Several reasons to consider this trade
- the coin is new to Binance
- shows consistent uptrend
- EMA 13 and 48 are about to cross
- Volume is building up
Negative points
- Overbought Stochi RSI
- Slow growth
- major resistance at 1 fib
I would recommend placing pending buy orders above the 1 fib line.
Only risk the money you can afford to lose.