It starts with A and it finishes with X - ADX is warming up! [ADX/BTC]

[w-action]

ADX is looking really good, and, for me it seems that is warming up for a run! Let's go directly to the action and take a look at this chart! 

On the chart above:

• You can see there is a harmonic pattern forming ( three drives pattern)  
• MACD and RSI are bullish
• There is a divergence ( which is a good reversal signal)
• There is a W on a daily chart ( 1D) and on a weekly chart ( 1W) as well
• Now we are trading between 100 and 200 moving averages

Trade: ADX/BTC

Buy: 2750-2850

Targets:

1. 3450 ( main target for short term, 0,618 fib level)
2. 3866
3. 4397

Stop loss: below 2503

Tradingview chart link

Disclaimer :  

My posts are never financial/invest advice! For a favorable outcome, make your own research! Never invest more than what you can afford to lose. Don't forget it's all about patience and positive thinking!   

Feel free to share your thoughts on the comment section below.   

Comments

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[w-action]

We hit all those targets in one day!