Prior to that ADX/USD bounced off the uptrend and the 50 Moving Average on the . In addition, it started to produce higher highs and higher lows, suggesting that the uptrend is about to start.
The nearest upside target is seen at 127.2% Fibonacci applied through the all-time high, and that is at $3.25. This is a 100% growth potential for AdEx in a relatively short period of time. Break above that resistance will confirm a longer-term uptrend, while rejection should result in a corrective wave down. Only a close below the 50 Moving Average could invalidate outlook.
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