AdEx (ADX) Technical Analysis: Symmetrical Triangle Patterns Could Launch ADX to $4.86 (386% Profit Potential)

SUMMARY

Is there a stock that will rise 386% before the end of 2018? Not too many! However, such opportunities are ample within the Cryptosphere. We saw >2,000% rises last year and I believe IF this is the next Wave 3 UP for the entire Cryptosphere; then 30x to 45x rises will not be uncommon. Such profits will be a sight to behold and jaw dropping in strength of orgasmic upward dashes of price!

Such MASSIVE profits have a beginning and we might be seeing it these days. Here is a closeup of AdEx (ADX) and the symmetrical triangle patterns are bullish because they point downwards. The downward direction equates to seller depletion where as the price goes lower, sellers are running out until only buyers are left. The initial blue wave impulse shows the breakout from the first larger wedge triangle. The current smaller one is about to do the same...breakout! That would mean waves 1 and 2 (white are complete. What could be the upwards destination?

AdEx (ADX) is moving between two near parallel lines and IF we are seeing the start of a new trend reversal from down to up; the white waves 3,4 and 5 can potentially carry the price to $4.86. Given the degree of bullish sentiment for ADX, IF the upper white line gets breached decisively; then double digits would not be too far.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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