ADXBTC trade ideas
ADXBTCAfter partnering with NEO; ADX is moving quickly; We have been informed that another partnership is coming up. ADX is the first and most powerful decentralized block chain ad exchange looking to revolutionize the advertising world. ADX looks steady it shows good support near the 0.00025 if it breaks continue buying near 0.00020 (Major support)
By request ahossny
$ADX bounce or break back to accumulationGetting many request on Twitter for this pair, so lets give it a go.
I dont have any idea about fundamentals for this coin or any news/developments coming out soon...I just did my technical analysis.
After a strong upmove, its sitting around Fibo 68,1% support.
2 scenarios:
1) it breaks the red trendline for another big push up, over previous top
2) it breaks the fibo support and falls back in the old accumulation zone which is also a target area for my Fibonacci extension calculations.
Personally, I have a feeling that it might break out to the upside. Maybe some news coming soon which supports a possible pump.
Tradingadvice: buy after the breakout of the red line or if it breaks fibo, let if fall back to the blue box
ADX possible tradeUpcoming news next week (confirmed through Twitter) could raise volume and bring ADX back toward ATH.
Entered my position at .30 and still holding. ADX has a lot of room for upside and could test all time high with next movement upward.
This chart is just sharing my ideas and thoughts, not investment advice.
Please comment below if you have any thoughts.
ADeX BTC 30minADeX has followed a similar trend pattern that showed us it's first breakthrough. This time around however you can see that it doesn't have the support to sustain such a run.
I would expect the price to level out and continue a slow downward trend until fundamentals are released to activate interest. Hold.