Market has made corrections and is giving us new entries opportunities. That is the case of ADX that dropped down around key Fibonacci levels (0.5 - 0.618) and this coin has the potential to bounce off.
If the team don't mess up with the updates coming ADX will be bullish around the end of the month. Remember that prototype was originally Feb 2018, then changed to October, then pushed to after the fork, then moved back to Feb 2018. So, you need to keep up with the news that ADX will be realizing.
Technical Analysis
Yellow line: This can be resistance or support it depends where is the actual price when you are looking at the chart. Below actual price is support and above is resistance.
White lines: This can be bullish if the direction is upward s, and it is called trending support; or bearish when the line is declining and it can be called trending resistance.
Fibonacci tool: has support and resistance lines where the price retraces back and can be use to set you entry or exit point. In this particular chart, we can see ADX is around the key levels (purple lines).
Actual price = 0.00014250
Resistance = 0.00015653
1st buy zone = 14491-13178
2nd buy zone = 11097-9949
Short term profits 10-20%
Midterm profits 40-70%
Long term profits 100% or more
First buy range or zone gives you an opportunity to take a position, or you can wait to buy once it drops to the second buy zone. Remember to set buy orders with different prices and by portions, never invest your whole funds in a single coin.
Usually when it touches strong support there will be a bounce back. Market is unstable, dont forget to set up stop loss around -5% to -15% or even more it depends of your risk tolerance.
Targets base on previous highs and remember not to be greedy. Goal is accumulate profits, small profits can make a fortune.
Bullish trend needs to be confirm, so watch closely and pay attention to volume before taking your position. This trade can take time to develop.
"Great things come to the ones that wait and hold strong when you believe this can contribute to make better society"
BE AWARE OF THE MARKET VOLATILITY & ALWAYS CAUTIOUS WITH BTC!
DYOR and trade at your own risk!
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