AdEx (ADX)

After a significant correction of approximately 50%, price action has now confirmed support on past resistance as shown on the above weekly chart. This development suggests a potential reversal is underway, offering an attractive buying opportunity. In addition to the confirmation of support you will notice price action prints a higher low in tandem with lower low in stochastic RSI. This is hidden bullish divergence. There is no chart pattern to indicate a target. Is it possible price action may correct further? Sure. Is it probable? No. Ww Type: trade Risk: <= 2% Timeframe to act: Days Return: N/A