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AdEx / TetherUS
Long
Updated

AdEx (ADX)

557
After a significant correction of approximately 50%, price action has now confirmed support on past resistance as shown on the above weekly chart. This development suggests a potential reversal is underway, offering an attractive buying opportunity.

In addition to the confirmation of support you will notice price action prints a higher low in tandem with lower low in stochastic RSI. This is hidden bullish divergence. There is no chart pattern to indicate a target.

Is it possible price action may correct further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <= 2%
Timeframe to act: Days
Return: N/A
Trade active
GRM support confirmed.
Note
GRM support confirms (again). Sellers like skiing uphill.
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:
Multiple Time Frame AnalysisSupport and ResistanceTrend Analysis

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.
Multiple Time Frame AnalysisSupport and ResistanceTrend Analysis
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:

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.