AdEx (ADX): Curve Reversal

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?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?