ADX-listed stocks now available on eToro

eToro, the trading and investing platform, has added stocks listed on the Abu Dhabi Securities Exchange (ADX) to its platform.

The post ADX-listed stocks now available on eToro appeared first on Crypto Breaking News.

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ADX Price Prediction – Are We Going Above $1.40 This Week?

ADX price seems to be exhausting its bullish momentum following a 12.7% increase in a week. Despite the sluggishness seen over the weekend, ADX is [...]

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AdEx Price Gains 20% As Market Plunges, Are Bulls Behind The Pump?

The price of AdEx (ADX) explodes with a double-digit gain against Tether (USDT) as bulls push the price to a higher region. Despite the market downtrend in recent days with Bitcoin (BTC) and Ethereum (ETH) all (Data from Binance) Related Reading: Polkadot Dev’t Activity Up In Last 7 Days, Despite Steady Drop In DOT Price AdEx (ADX) Price Analysis On The Weekly Chart  From the chart, the price of ADX, after seeing a major run to a high of $1.2, took a downward spiral to a region of $0.16 with what seems to be low on the weekly chart.  ADX has formed good support in that region as the price bounced quickly to $0.18 above its support area. The price of ADX has not shown much strength as the price has been unable to move past its low by a considerable margin. The price of ADX faces resistance at a region of $0.2; if the price fails to break this region, we could see the price of ADX retesting its weekly low, acting as support for ADX price. ADX closed the previous monthly candle with a bearish momentum, with the new week’s candle more bullish with signs of relief.  For the price of ADX to trend higher, it needs to break above $0.2 and hold the price from falling below its support area.  Weekly resistance for the price of ADX – $0.2. Weekly support for the price of ADX – $0.15. AdEx Price Analysis On The Daily (1D) Chart The price of ADX has found itself ranging in a channel as the price aims to break out of the channel to trend higher. The price of ADX on the daily timeframe found its support at a region of $0.15 as the price bounced, showing signs of strength to an area of $0.18, where it faced rejection. The price of ADX needs to break above its range of $0.15-$0.19 with a good volume to have a better chance of trading higher to a region of $0.2 which seems to be an area of high supply. If the price of ADX fails to break out of the range, we expect the price to retest the region of $0.15, which is key support for ADX price. ADX is currently trading at $0.17, just below the 50 Exponential Moving Average (EMA), which corresponds to prices of $0.18, acting as resistance for ADX price. On the daily chart, the Relative Strength Index (RSI) for the price of ADX is above 50, indicating buy orders. Daily (1D) resistance for ADX price – $0.19-$0.2. Daily (1D) support for ADX price – $0.15. Price Analysis Of ADX On The Four-Hourly (4H) Chart The price of ADX has shown great strength trying to break out of the ranging channel; ADX saw its price rejected back into the channel as it faces resistance to break above the channel. ADX needs to break and close above the 4H ranging channel to trend higher to a region of $0.2; if the price of ADX fails to break out from this channel, we could see a price range and possibly retest the support area.  The price of ADX needs to hold the support area at $0.156 to avoid trading lower if it loses this support region. Four-Hourly (4H) resistance for ADX price – $0.2. Four-Hourly (4H) support for ADX price – $0.156-$0.14. Related Reading: Cardano Price At $0.44 With Strong Support, What’s Next? Featured Image From Kazzak, Charts From TradingView.com

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WATCH: Will Powell’s Friday Speech Send Bitcoin Soaring? Daily TA August 25, 2022

In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the the impact an upcoming speech from US Fed Chair Jerome Powell could have on Bitcoin price action. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 25, 2022 The US Fed Reserve Chair Jerome Powell will speak at the global central banking conference in Jackson Hole, Wyoming, focusing on the future economic outlook. Depending on if that outlook is hawkish or dovish, Bitcoin could sink further or begin to soar.  Related Reading: WATCH: Daily Technical Analysis August 24, 2022: Total Crypto Market Cap (TOTAL) Daily BTCUSD Looks Dangerous As Bears Remain Dominant On daily timeframes the picture overall isn’t looking very positive for BTCUSD and could imply that the market should expect negative news tomorrow. From top to bottom, starting with the Ichiomoku, we can see that Bitcoin lost the cloud as support and is now trading below both the Tenkan-sen and Kijun-sen. These two lines have also recently crossed bearish. The daily LMACD is also showing momentum in favor of bears. The bearish momentum is weakening, however, but could pick right back up tomorrow as markets price in whatever Powell has to say about the future of the US economy. Finally, the Average Directional Index shows that bears are in control, and the trend is back at around a reading of 20. Below 20 would suggest a trend weakening, while retesting the level and then rising higher could restart the bearish trend. The daily timeframe has recently turned bearish | Source: BTCUSD on TradingView.com Related Reading: Measuring Trend Strength With The ADX Weekly Momentum Highlights Pivotal Potential Turning Point Switching to the same tools on the weekly timeframe also shows Bitcoin and the rest of the crypto market at a pivotal moment. Price was rejected from above to back below the Tenkan-sen. The LMACD is also still crossed bearish and ready to either cross up or diverge downward further. The ADX shows that bears still have the upper hand, but the trend has started to flatten which could indicate that the worst is over on higher timeframes. With only a week remaining in the month of August, combined with both Powell’s comments and the weekly timeframe at a pivotal turning point, we should get a clearer picture soon regarding if a bull trend is blossoming, or if the bearish trend is about to worsen. Weekly momentum could cross up or continue down further | Source: BTCUSD on TradingView.com Related Reading: Learn How To Use The MACD Monthly Ichimoku Sends Mixed Signals To The Market The monthly Ichimoku is an interesting picture currently and could give bulls some hope ahead. The Tenkan-sen and Kijun-sen remain crossed bullish. Take a look at the last bear market and you can easily see how quickly these two lines crossed bearish in the past. This could mean that Bitcoin is still bullish, despite the macro pressure. It also could mean the worst is still ahead and a cross is still coming. It doesn’t help that monthly momentum on the LMACD hasn’t begun to weaken according to the histogram. The ADX does show an overall trend continuing to fizzle out, with bears taking charge for the first time since the 2014-2015 bear market bottom. Bullish strength has also fallen below 20 for the first time in history. A comparison between bear markets shows that the lines have yet to cross | Source: BTCUSD on TradingView.com Related Reading: Learn How To Use The Ichimoku Could Bitcoin Form A Perfect Bottom? TD Sequential Has One Week Left On 9 The TD Sequential is a market timing indicator designed by Thomas Demark. Simply reaching a 9-count on a downtrend is enough for a buy setup –– which is a positive case for Bitcoin currently. However, these signals are more powerful when the 9-count is “perfected”. To perfect the series, Bitcoin would need to set a lower low below the current bottom at $17,600. Although bearish signals outweigh the bullish, price action continues to hold above a more than ten year long trend line. Until this line in the sand is lost, bull still have hope in staging a reversal. But more than likely they will need Mr. Powell and his money printing pals to cooperate tomorrow.  The TD9 is on a nine-count with only a week left to "perfect" the series | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. All this week at Elliott Wave International is Trader Education Week. Here is free access to five exclusive videos from one of the world’s best Elliott Wave analysts. You can also get the Elliott Wave book for free with a no cost signup. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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Crypto Market Overview: Reasons Behind BTC Fall, Top Monthly Gainers

In my opinion, this is just a pullback as Bitcoin gathers power before making its next leap to new highs. (Read More)

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Dogecoin Starts Out February with 23% Crash, What Does Historical Data Point To?

The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE investors. This bearish sentiment is further strengthened by historical data, which suggests that these investors shouldnt be too optimistic about the foremost meme coin recording significant gains this month.  Dogecoin Starts February With 23% As Historical Data Paints Bearish Picture CryptoRank data shows that the Dogecoin price has suffered a 23% crash since the start of February. This follows the monthly green close, which the foremost meme coin enjoyed in January, with a 4% gain in the first month of the year. Amid this price crash since the start of this month, historical data also points to a bearish outlook for DOGE throughout this month.  Related Reading: Dogecoin Price Prediction: Can DOGE Touch $1 This Cycle? Analyst Forecasts When You Should Buy And Sell Further data from CryptoRank shows that February is historically a bearish month for Dogecoin. The foremost meme coin has suffered a monthly average loss of 1% in February since it launched in 2013. DOGE has had only four monthly green closes in February over the last twelve years.  However, it is worth mentioning that Dogecoin has only once closed out February with a loss of over 20%, which was in 2014, when its price crashed by over 30%. As such, the meme coin could still witness a relief bounce, which could lessen the severity of the 23% price crash suffered since the start of this month.  Meanwhile, despite the historical data painting a bearish outlook for Dogecoin, crypto analysts have provided a bullish outlook for the meme coin. Crypto analyst Master Kenobi recently highlighted a similarity between DOGEs current price action and that of the 2017 bull run. Based on the similarities, he predicted that Dogecoin could soon begin the next leg of its bull run, rallying above $1 and reaching a market peak sometime in April.  DOGE Can Still Reach $10 In This Cycle In an X post, crypto analyst Ali Martinez predicted that Dogecoin could still reach $10 in this market cycle. He stated that as long as DOGE holds above $0.19, the setup for a parabolic rally toward $10 remains strong. The analyst added that momentum is building for the foremost meme coin, indicating that it could soon begin the next leg of its bull run.  Crypto analyst Trader Tardigrade predicted that Dogecoin could at least reach $4.5. He stated that DOGEs Average Directional Index (ADX) signals a potentially massive bull run on the horizon. The ADX measures trend strength by quantifying the degree of directional movement in price. Analyzing the weekly chart, the analyst asserted that a super strong trend could happen soon and will reach its peak in the coming weeks as the meme coin reaches $4.5.  Related Reading: Dogecoin Price Faces Moment Of Truth As It Battles The Macro 0.5 Fib Extension At the time of writing, the Dogecoin price is trading at around $0.25, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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