ADXBTC trade ideas
ADX buy signal spottedADX could potentially be entering in a buy zone for a breakout. As we can see in the main chart, it has broken cloud resistance, wicked down to test support and is now trying to stabalize above the 1hr cloud. The 0.786 is posing as resistance however. I would be watching the 4hr to see if it can break the cloud since it seems likely to be gearing up for it, considering high timeframe stochrsi is on the floor and oversold and crossing.
4hr
1d
I think volume can exit this and after a reset of the 4hr, make people just panic a bit and question the entry, and then it will inject and be the fuel. Either way it would be bad buying here for the first time and average down if it happens since the C could finish a bit deeper, and unless the fundamentals completely fall apart.
If fundamentals are released and enforced though and news comes out soon, it can definetly ignite such quick next cycle in this. If not then this incoming volume will be used as an exit and for the bleed to continue after a 4hr cloud denial possibly until we retrace to 0.883 or lower.
ADEX 4 HOUR CUP & HANDLE FORMING BULLISHADEX 4 HOUR CUP & HANDLE FORMING. Los Angeles 1:00 AM.
Disclaimer: This cup & handle is not going to be 100% perfect but use your imagination and try to get an estimate of where everything might happen if it works out perfectly. I can assure you even if a cup and handle appears perfectly the break out might not be what it is supposed to be.
What to look for:
RSI remains above 50+.
Buying in at the bottom of the cup.
Using fib lines to create (TP) target profits. I suggest creating your own and utilizing stop losses.
All target profits are slightly before previous resistance levels to lock in your profit.
Not all targets are going to be hit. Maybe none at all.
Last but not least make sure there's volume or it becomes dud.
ADEX 4 HOUR TIME FRAME BUY FOR LONGAdex is showing Bullish Divergence. Los Angeles 9:05 AM.
Adex found support near the 12k sat and looking to recover above the clouds.
If RSI breaks 50, a new trend will start and above 60 for the bullish run.
The price action is about to break the Kijun-sen and find support on the 26 day moving average.
Bullish divergence shown on the macd.
The yellow dot marks the area where Adex missed the run.
Adex has a good setup for a big run with the accumulated strength & continuing bullish divergence.
To confirm/predict an uptrend - Look for the Chikou Span -26 lagger (green) to cross the Kijun-sen 26 HL (red) and we can confirm/predict an uptrend before it starts happing in the price action.
ADXBTC: likely going lowerADX is also being pushed down due to the massive bull run of BTC.
This is currently my primary view.
As we broke the low of wave A, it is likely ADX will correct lower before it is ready to rally.
Let's see if we get the long setup.
Also some nice divergence showing on the 4 hour MACD.
ADX/BTC Support & Resistance - My JourneyI've spent the day charting the support and resistance lines for AdEx. I've indicated where I've bought into the coin. Although normally I follow a doubling, tripling, or quadrupling up method on a market downturn, I digressed from my normal path here a bit, buying more at a higher price than normal for myself. I corrected, and am currently waiting to quadruple up at the bottom of the market depending on what it does. I believe the market might turn around when it hits this next support line, but trends seem to also show that the market as a whole is in a bearish downturn due to the looming forks and uncertainty surrounding BTC. This is an excellent time to wait, be patient, and QUADRUPLE DOWN on your investments! When the dust settles from the BTC hard fork, the alt coin markets will come surging back as all those money chasers look to double, triple, or quadruple their money! I personally will wait to see how low the market goes before maybe octopuling (real word?) up at the real bottom!
AdEx Currently Bearish with imminent bullish breakoutIt seems AdEx coin is near ready for a bullish breakout of structure, after completing an 'ABC' corrective wave.
Current trend suggests bearish price action as the Water and Mayo EMAs have cross and are above the price action.
'TDI' shows the 'RSI' inside the outer constricted bands at around '40.0000'. The pattern suggests another possible bearish move downwards before some significant bullish price action to occur. The bullish moves may occur within the Yellow trendlines (triangle), however only when price action performs a breakout of structure, will the buy signal be confirmed.
In my opinion, this is a great coin to purchase, still good at around 0.84 cents (US) at the time of writing this analysis.
I'm going to purchase this coin on breakout of structure and I'm forecasting price action movements between 2 different paths, Cyan and Red. The Red being the most probable as it follows the typical cryptocurrency pattern of a curve.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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