AdEx Is Ready To Grow (Long-Term Bullish, Since 2022)AdEx (ADXUSDT) bottomed November 2022, almost two years ago. We've been seeing bullish action within a widening ascending channel. When the upper boundary of the channel is challenged we get a correction; when the lower boundary of the channel is tested we get a bullish wave. There is reason to belief that this pattern will continue to repeat and it is repeating now as ADXUSDT goes bullish.
We have a very strong higher low in August 2024 compared to late 2022. The session that produced the higher low closed as hammer, which signals the end of a tend and thus a reversal. This signal is being confirmed with a full green candle now and a move above local resistance as well as a long-term resistance line.
So the doors are open for growth. The chart is bullish and pointing up. We follow the chart.
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