AdEx Update: Target $4.20 or HIGHER!
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SUMMARY
I used the chart submitted in the comments by @geon and have labeled the analysis. All analysis markings are mine. The below chart is quite very pretty. Let me take you through from the top to bottom. The black horizontal lines reflect the time it has taken. The five impulse waves and the correction fit very well into the "Hurry Up & Wait" scenario. Look how long the correction is taking compared to the impulse wave time.
The double rounded bottoms are bullish! These are consolidation phases that allow bulls to build up their mojo for the next push up. The second rounded bottom has morphed into a Cup & Handle pattern....a beaut! My target is $4.20 or MUCH HIGHER!!
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Elliott Wave Counting Tutorial #1
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Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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@haejin thanks for this amazing analysis. It would be great if you could update on Adex when you get the chance.
Regards, @gold84
Seconded
@haejin adex holdr here appreciate the update man
This is a great coin, advertising industry is a billion dollar industry. I think even BAT is good from creator of Javascript, both the coins have been recommended by Haejin, I brought ripple from CEX and used it to buy BAT & ADEX at Binance. Found that they have a good referral commission also. If anyone is planning to buy it, I would appreciate if you use this referral link to Binance.
https://goo.gl/DY2GNp
hey haejin can you do zeph token? thanks
Interesting on the technicals...
What's the "one-liner" on the currency? What is it?
It is a decentralized advertisement network that will run on NEO. Jihan Wu is on ADEX's team.
This is a great side for getting that information : https://coincheckup.com/coins/adx-net/purpose
Any estimate on when ADX will hit 4.20 or an Elliot wave analysis?
AdEx has great pattern, but whole community is now confused after last month. Team was making hype around early prototype annoucement, than they get back to Feb 2018 date. There is a lot of blame on adex team for unethical manipulation of the market, reddit users were also blocked for posting questions and showing dissapointment. Last two weeks were quiet plus yea we still belive in Feb 2018. I'm hope team gone release some kind of video with working platform during December to keep up the momentum.
Hey Haejin, could you do an analysis of ADA aka Cardano?
Thinking of buying it with latter strategy.
Thanks you so much
Keep on
Great article!