SUMMARY
AdEx (ADX/USD) pair is completing, if not yet complete, a correction that clearly was very long and extended as shown in below chart. After an impulse set of white waves i,ii,iii,iv,v which took place very quickly, the correction followed and it was a complex form of the WXY type as shown. I believe if this correction is complete, then a powerful impulse wave will breach out and above the triangle shortly. Laddering in now would be highly recommended given a target of $3.86 or a 267% profit potential!
The ADX/BTC pair sports the similar type of chart and when the /USD and /BTC pair align this way with uncanny similarity in pattern, it's very bullish! Observe how ADX/BTC shows the same "Hurry Up & Wait" syndrome in that the first set of five waves were hurried and the resulting correction was very slow and extended via a triangle pattern. There is a difference, however, in how the Elliott Waves are labeled since here it is a simple zig zag correction. This too seems complete and so expect an explosion upwards anytime towards 0.000823 BTC or 514% profit potential!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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.**