Chart requested from @AmirMassoud94
This is just a quick example of how accurate the ADX line signal can be.
BNB was moving in a Falling Wedge (bullish pattern). As mentioned in yesterdays XRPUSD idea, which is linked below,
an ADX line moving between 10.00 and 20.00 is hinting a possible Pattern Breakout.
Guess what - the price broke the Resistance Line of the Falling Wedge while the ADX was at 13.30.
The MA 20 is trending upwards and should act as a Support during this uptrend.
This is also where our Buy-Zone is located: 0.00200 to 0.0206
The mid-term Targets are mentioned in the Chart.
Just buy and hold - do nothing else!
I will update this chart accordingly!
THANKS! to @olhcook for kickstaring my Patreon
Leave a thumbs up if you like this idea and Follow me for more updates!
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
This is just a quick example of how accurate the ADX line signal can be.
BNB was moving in a Falling Wedge (bullish pattern). As mentioned in yesterdays XRPUSD idea, which is linked below,
an ADX line moving between 10.00 and 20.00 is hinting a possible Pattern Breakout.
Guess what - the price broke the Resistance Line of the Falling Wedge while the ADX was at 13.30.
The MA 20 is trending upwards and should act as a Support during this uptrend.
This is also where our Buy-Zone is located: 0.00200 to 0.0206
The mid-term Targets are mentioned in the Chart.
Just buy and hold - do nothing else!
I will update this chart accordingly!
THANKS! to @olhcook for kickstaring my Patreon
Leave a thumbs up if you like this idea and Follow me for more updates!
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
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