AdEx Price Analysis - What Is Happening?

AdEx had a very nice run yesterday. In fact, it was up around 200% at one time. Then it started to consolidate and at the moment it looks like it has formed a flag formation. Here is the hourly chart:

Comment: Yesterdays top was at 0,00024 BTC and that is the next target. If we assume that we have formed a bull flag, we could continue to charge higher once we pass this price limit.

The old record is at 0,00028 BTC so that would be the next target and if it passes that level, AdEx could go much higher. The fact that AdEx released news about a partnership with NEO could be a real game changer, Neo is now worth 2,2 Billion USD and AdEx is worth 33 Million USD at the moment so I wouldnt be surprised if AdEx could reach 10% of what NEO is worth.

That would roughly be a 6x increase from todays level.

Happy trading!