HiTech
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AdEx VS Bitcoin - Medium Term Outlook

BITTREX:ADXBTC   AdEx / Bitcoin
Following the previous idea on ADX/USD, it has reached the upside target and rejected it. Pretty much the same is happening with Adex against the Bitcoin             as it has approached the resistance at 25k             satoshi.

This level has been acting as a support well as the resistance between August and September, so now the history may repeat itself. Not to mention that ADX/BTC reached the top of the descending channel and is very close to 2/1 Gann Fan trendline . 25k             satosi support area could be acting as a strong resistance and could potentially send Adex back to the 200 Moving Average or the uptrend trendline

On the upside note, break above the 25k             resistance could prove that the trend up continues and then a buying opportunity might present itself. As for now, Adex remains a risky coin to hold.
Bình luận: Adex could now reverse up after small correction
Đóng lệnh: đạt mục tiêu
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ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf
Hello! Thank you for your awesome job!

Can you provide me with an advice?

unfortunately, i've bought Adex right before i found this chart on jan, 2. Do i understand right that it was my mistake and now it's better to get rid of this token asap?
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@uox, I don't know how far it could go down, but to start growing resistance must be broken
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Thank you told me exactly what i needed to know!
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HiTech michaellanducci
@michaellanducci, enjoy the ride
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