I believe AdEx might be going semi-parabolic soon. With the beta-version coming up (Januari 30), I think the coin will draw the attention of a lot of people, resulting in some money flowing in.
It has a relatively low market-cap ($162.705.395 USD, today) with a current price of 2.65$. I think the price might go up to the 9/10-$ range. (where it will have an estimated market-cap of ~($650.705.395). A very realistic market-cap, where it can (possibly) line up with some other semi-popular altcoins. IF those levels get reached, then the 10/15$-range is next.
First of all, a cup-and-handle pattern has been made, and a very hot one.
Secondly, the resistance at ~2$ has been broken. I think prices are going to retest those levels, before bouncing back up. Making the ‘low-handle’, in the cup-and-handle pattern.
You don’t buy UNLESS there is a CLEAN H4-close ABOVE the GREEN trendline! This will be the indication that the tides have turned. Until that time, the market is in a corrective-phase and buying is stupid.
I think its going to make a ABC-correction to previous resistance, which is in the green-zone. Its (possibly) going to be around the 2$-levels. From there it will possibly start its rally. If it doesn’t make the pullback, but moves up and makes a H4-close above the green , you can still buy.
- First target is around 6.5$
- Second target is around 9.5$
Breakout! A close would mean more upside.
Next target is the moon of the moon.