WiThConFi
Long

ADEX 4 HOUR CUP & HANDLE FORMING BULLISH

BITTREX:ADXBTC   AdEx / Bitcoin
ADEX 4 HOUR CUP & HANDLE FORMING. Los Angeles 1:00 AM.

Disclaimer: This cup & handle is not going to be 100% perfect but use your imagination and try to get an estimate of where everything might happen if it works out perfectly. I can assure you even if a cup and handle appears perfectly the break out might not be what it is supposed to be.

What to look for:
  • RSI remains above 50+.
  • Buying in at the bottom of the cup.
  • Using fib lines to create (TP) target profits. I suggest creating your own and utilizing stop losses.
  • All target profits are slightly before previous resistance levels to lock in your profit.
  • Not all targets are going to be hit. Maybe none at all.
  • Last but not least make sure there's volume or it becomes dud.
Kommentar: Previous Adex post.
Kommentar: Analysis needs an update.
You forgot to factor Bitcoin's price in.
Antworten
WiThConFi atkelley22
@atkelley22, you're correct! that should be in the watchlist. One of the reasons why i think this estimate won't be 100%
Antworten
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