AdEx (ADX)

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

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Weblink: patreon.com/withoutworries

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

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

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

Also on: