ADEX (ADX) Update: Failed Cup & Handle...so give up and throw in the towel? Here are my thoughts in this blog.
Three days ago, I had posted a nice looking cup & handle pattern for ADX.
https://steemit.com/bitcoin/@haejin/adex-adx-update-did-the-cup-and-handle-fail-find-out-in-this-blog
Well, this has now been invalidated because prices of the handle has gone below the lowest point of the cup. So, what next? The abc (red) has been relabeled and it means c will dip more to possibly $0.85 or so. Give up? No! Is this the time @haejin would add additional buy rungs? YEP! Why? Because this is clearly a correction given the prior five waves 1,2,3,4,5 and so, not necessarily a new down trend. An abc retrace has 36 possibilities of form and pattern but it does end and after it ends, the price jumps out in a new five way impulse.
NOTE: The caveat to any bullish posts is that BTC topping needs to be watched closely!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
I think if I have some time before you have 10k posts, I'm gonna go back and run analysis on your calls and keep a handy reference guide for newcomers....that is, if you don't object. I love that you are like me in wanting to help people so much with this, even when their chips are down, there's always a move to be made to make the best of the situation.
Brilliant buy in time of course! Just like XRP decided to take it's sweet time falling.....sure enough, its higher than ever now!
Thank you @haejin, any chance you can review Ripple again thanks.
Upvoted. Good analysis
I got out of this on the last upswing because I needed that BTC. But it's starting to look like another buying opportunity is coming. Thanks for the analysis.