Ambire AdEx (Huobi: ADXUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, ADX began a red wave one advance on June 14. The red wave one peaked on June 14 and the red wave two (blue sub-waves a-b-c) correction ended on June 18. If this wave count is correct, ADX should be heading next towards the June 14 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Ambire is the new name of AdEx Network - a company developing describes itself as a new-generation solution for digital advertising and a DeFi-focused crypto wallet. You can read more about the rebranding here.
(Sources: https://www.adex.network/)
How Will Ambire AdEx Trade?
Ambire AdEx (Huobi: ADXUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
ADX will takeout the June 14 peak
ADX will drop below the June 14 low
ADX will stay in a trading range between the June 14 low and the June 14 peak until August 2
ADX will stay in a trading range between the June 14 low and the June 14 peak until August 2
ADX will stay in a trading range between the June 14 low and the June 14 peak until August 2.
ADX will stay in a trading range between the June 14 low and the June 14 peak until August 2.
ADX will stay in a trading range between the June 14 low and the June 14 peak until August 2
ADX will takeout the June 14 peak
Correct.
ADX will drop below the June 14 low