As per the recent price action, ADXUSDT is exhibiting a bullish trend. It has successfully broken out from a triangle pattern, indicating a potential continuation of the upward movement.
Moreover, the price is forming higher highs and higher lows, which is a positive sign in technical analysis, suggesting an overall uptrend. This pattern often indicates increasing buying pressure and could imply further price appreciation.
Additionally, the Relative Strength Index (RSI), a popular momentum oscillator, does not show any divergence. This absence of divergence can reinforce the current bullish sentiment, as it suggests that the price trend is supported by solid underlying momentum
Entry Price @ 0.1720
Stop loss @ 0.1590
TP 1 @ 0.1850
TP 2 @ 0.1980
RISK 2%
This is not financial advice. Always do your own research and always put stop loss(SL) on your trade.
Moreover, the price is forming higher highs and higher lows, which is a positive sign in technical analysis, suggesting an overall uptrend. This pattern often indicates increasing buying pressure and could imply further price appreciation.
Additionally, the Relative Strength Index (RSI), a popular momentum oscillator, does not show any divergence. This absence of divergence can reinforce the current bullish sentiment, as it suggests that the price trend is supported by solid underlying momentum
Entry Price @ 0.1720
Stop loss @ 0.1590
TP 1 @ 0.1850
TP 2 @ 0.1980
RISK 2%
This is not financial advice. Always do your own research and always put stop loss(SL) on your trade.