ADABTC has been the newer alt coin on the market with good movement.Here we can see the BTC massive sell of and weak hands giving in which triggered a downward wave trend. Based on the ADX/DI with last wave fib overlayed on the potential bull flag we might see a possible 15% position.
Fib set from DE wave to present value and aligns with a .618 prior support before wave and after.
ADX is slowly climbing to over 20 and +DI is gaining momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.