SUMMARY
AdEx (ADX) has likely completed the wxyxz complex correction sequence as shown in the below chart. The prior five waves were deeply retraced like the rest of Cryptosphere. Here is an instance where the retrace went to prior wave 2 price zone even when wave 5 was not extended.
Here are the chart labels for the projected rounded bottom formation. The basin phase (blue rectangle( is also neaerly complete. What's needed is a solid breakout to complete wave 1 of the five upcoming impulse waves. The MACD says alot with regards to the likelihood of a breakout. Given how proximal it is to the Apex...what do you think? Is this the time to sell short on AdEx or go Long?
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