Al3x_2020

ADXBTC: likely going lower

BITTREX:ADXBTC   AdEx / Bitcoin
ADX is also being pushed down due to the massive bull run of BTC .

This is currently my primary view.

As we broke the low of wave A, it is likely ADX will correct lower before it is ready to rally.

Let's see if we get the long setup.

Also some nice divergence showing on the 4 hour MACD .

Comments

Should we keep for the long term rally?
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Al3x_2020 root12345
@root12345, that is certainly what I am doing. Just looking to accumulate lower, if we get it.

The powerful rally we see today is a serious signal that we will not get lower, so we might have a truncated C wave.

This support zone held it. :)

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