AdEx VS Bitcoin Acceleration

Following the previous idea on AdEx, it has corrected down as expected. Now it seems that the uptrend is going to continue, especially after ADX/BTC rejected the 3/4 Gann Fan trendline and 200 Moving Average at the same time.

AdEx could continue moving upwards towards one of the Fibonacci retracement levels. First strong resistance is at 61.8% level, that is 39k satoshi. Next is 76.4%, that is 46k satoshi. However, the price is also likely to test the psychological round number at 50k satoshi and that would be the final target for the potential upcoming wave up. only break and close below the 14k satoshi support could invalidate bullish outlook.

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