Lost downwards momentum and sitting on a strong supportNo financial advice of course, but I bought some ;-)
Range mid and high are my targets.
ADXBTC trade ideas
ADX/BTC (Trading @ 0.618 Fib level)ADX/BTC
-AdEx has been trading above 0.618 Fib level for 6 days now
-This is also a confluence of 50D MA dynamic support area
-It is currently showing strength and some attempts to break 1800 sat range
-If we can see two daily consecutive green candles
-There is a chance of potential upside breakout in the short term
-Let's hope BTC will remain sideways in this week
-So Altcoins may have the chance to recover from its recent pullbacks
ADXBTC Reached BottomMy opinion on this idea is that ADXBTC has reached potential bottom. If you take a look at RSI indicator and price, you will see that we have lower lows on price chart, but whereas on indicator it's not going lower than 30 level, it's called divergence and in our case it's bullish.
Additionally, price has reached 0.236 Fib level, which is last fib retracement level and some bounce is expected from this level. If price keeps higher than 1523, then we are going to 0.386 Fib level soon.
Good luck and keep your SL tight !
#ADXBTC (Long Term) 8/20 #ADXBTC (Long Term)
Buy : 0.00002141 - 0.00001981 - 0.00001750
Target 1: 0.00002248
Target 2: 0.00002890
Target 3: 0.00003747
Target 4: 0.00005352
Stoploss: 0.00001650
Signal R/R: 10% / 150%
Net ROI : 50%
Invest: 3%
Duration: 15-90 days
Confidence in Trade : Medium
we ask Allah reconcile and repay.
ADX/BTC (Potential Support @ 1350 sat area)ADX/BTC
-After the recent over 200% price pump
-The price has retraced already by -50%
-ADX just broke the local support at 1800 range
-It is likely to fall further around 1350 support area
-If we can see any reversal signs in that region
-I recommend to open a Buy position and target up to 1700 or higher
-Stoploss is determined once a position enter is opened
Ready To Breakout❕ On a Nice Support Line , Ready To Breakout
✅ Targets On The Chart
🔴 Stop loss zone : 1720 ~ 1700
ADX / BTC analysis in H2.I believe that ADX can give a new joy.
Following the theory of Chaos and Fractals, it is clear that a cycle of five propulsion waves ended, followed by an ABC correction that ended in the region of 0.618% of the Fibo retraction.
In a larger view (an upper fractal), wave five above formed wave 1 and the ABC indentation ended wave 2.
Therefore, ADX is about to start a bigger movement than the previous one.
If the study is correct, it will fly!
Here I buy AdEx and ADX will go upHere I buy AdEx
and AdEx will go up.
The price is testing the major resistance,
so now I buy and the bullish breakout will start. And AdEx will go up.
See you up there
ADXBTCADXBTC
ADX has been piling up for a long time
✅ 1 - 0.0000140
✅ 2 - 0.0000171
✅ 3 - 0.0000217
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