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ADXETH trade ideas

(ADX/ETH) AdEx Gearing up for breakout. Easy 6-13% TODAY!!!Quick little day trade I'll be watching for today. Things seem to be squaring up nicely for BINANCE:ADXETH to have a breakout within the next few hours here if we can maintain volume and close above ~.00167 This kind of a set up is exactly what im looking for when it comes to relatively low risk day trades! 48 EMA getting ready to test 192 EMA support for first time since early January Price bouncing around 38% fib retrace for current cycle high MACD converging just a hair higher than prior baseline STOCH & STOCH RSI bottomed out and turning upwards with both signals leading significantly Recent bottom created clear higher swing low My entry target will be .00167 assuming we close above the 38% retrace and the SSRSI remains bullish. Initial exit @ .001738 assuming price is unable to break the 50% retrace and the pink overhead resistance formed by the prior channel bound regions major peaks. IF we do happen to break above both of these and confirm w/ a test & rebound of the prior channel line I will be retargeting with a hold till pullback strategy with major targets at: .0018 & .001875 Remember, this is all reliant on the initial breakout above the 38% retrace!!! If we dont manage to close above it, thinks may very well smack back down to the blue support line! *** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells. *** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator! This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you! Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at prediction based of historical and emerging patterns! Good luck and happy trading fellow cryptoheads! Austin Doyle CTO Crypto Playhouse
Long
by UnknownUnicorn1613901
ADX ready to break out?After a serious decline in their prices last days, ADX is recovering. When we take a look at the daily chart (not shown here) signs for a bullish market are there. MACD is close to a golden cross and also the CCI indicates a bullish signal. Meaning that the big players are preparing to bring the ADX price back to a higher level. When we have a look at the 4h chart we see that the MACD is in a good bullish position and de CCI is also showing some bullish signals. ADX broke through the 0.236 Fibonacci retracement level and tested the upper retracement level and 0,392 (long wig of decline) which resists. At the moment we can see that the price is going sideways with a support on the 0.236 fib and resist on the upper fibonacci level. As the daily is also showing bullish signals, following the big players is always a good idea. If price breaks through the upper Fibo level it will skyrock. Keep an eye on the ADX movement coming hours and don't miss if it breaks out.
by ThorDior