ADN CHART, page-2310

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+