Do agree @h00ts , i think this week is going to be pivotal in terms of the price action to give an indication of the short / medium term trend. Iam pushing my chips back in here as I believe we will see a return to the decent upwards momentum. A few people on twitter and here have identified the 4.7c as being a critical inflection point (which coincidentally was the placement price back last November). Lets see if it can get up and make a move through this level next week...maybe some news to get the blood pumping?
What i do find interesting is the similarities to that of NVA, which i know a few owners of ADN are in. I think the consolidations, setups and rips are very similar. It looks as though the NVA price action is a couple of weeks ahead of ADN.
I've highlighted on the NVA daily chart the period where I think ADN is currently tracking and you can see that once the 15 day SMA (red line) crosses the 30 day SMA (blue line) it can act as a very powerful price action catalyst. Also the MACD line as it turns positive and crosses back through the 0 control line is generally when the price action sees good demand.
NVA weekly setup is has some good similarities as well where the price action again looks to be a couple of weeks ahead. You can see when pricing comes back to test the SMA lines and then pushes back through them, it can open the door for a decent move higher to take hold. I think next week if ADN makes the move to 4.7c+ this will be the setup to open the door for a rip back to 6c+
ADN CHART, page-2310
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Last
0.9¢ |
Change
-0.001(5.56%) |
Mkt cap ! $28.84M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $18.96K | 2.115M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 13273901 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 14265587 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 13273901 | 0.008 |
58 | 32232798 | 0.007 |
41 | 18199490 | 0.006 |
19 | 13877789 | 0.005 |
6 | 7525000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 14265587 | 19 |
0.010 | 10564677 | 15 |
0.011 | 27376522 | 9 |
0.012 | 30045921 | 7 |
0.013 | 2310111 | 3 |
Last trade - 13.17pm 10/10/2024 (20 minute delay) ? |
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