ADXBTC - short term expected price movementsome quick price movement expectations on 15mn chart.
1) Move towards 0.000245
2) completing the right shoulder possibly and retract towards 0.000213
3) followup with a move towards head of previous H&S 0.000275
If you go long now, 0.000199 should be the stoploss
Long term bullish view on this pair, as expected product news yet to be priced in.
ADXBTC trade ideas
Adex/BTC Chart AnalysisAdex/ BTC chart Analysis:
Adex brokes its support at around 14000 sat
and trending down. Adex has a major major support
at around 4500 sat. So we can expect it to bounce
back from that support in case it falls below 5000 sat.
Therefore in our BUY ZONE we have higher probability
of making profit right now. Below are the two cases,
1. Adex fall below 5000 : We can short adex on its first
bounce from the major support. We may loose our fees at max.
2. Adex finds volume and jumps to .618 fib line.
This give us 100% profit on this Short trade.
ADXBTC - Long Trade IdeaIdea is to enter Long after break above the recent high, preferably where at the base of the green arrow to minimize risk. 1:5 risk-to-reward ratio if it works. Scale in small for optimum entry, sell partial at resistance lines shown, can add to winners if price-action shows a pattern similar to hypo presented.
ADXBTC Above water and resting.ADX has surfaced from being under the 77 and 231 MAs.
Finding support around .00022 for a second leg up towards the .00045 resistance.
The next support zone should set up around the .0003 for future bounces.
Could we see a take out of the ATH? Target 2 could be around .00065 with shadows to .0007.
Expect a quick reversal back to support shadows hitting .0003.
AD-EX ready to fly played out a perfect set of elliots on the first wave in the bigger set
has had massive volume come in earlier to spark this off
WAIT for the pullback it oversold at present and a pullback is inevitable at present
buy anywhere in the target area and hold till it plays out the full set
30%+ still on the cards
Happy trading
ADX/BTC Bullish Ascending TriangleADX has platform release in October, and is currently in an Ascending Triangle formation. We had a bit of a fakeout, but looks to still be consolidating within the triangle still. On longer timescales the pattern works too. Looking to break 169k on convincing volume for the next move upwards towards 200k.
