ADMR: Can it Be The Start of the Markup Phase?
Technical Analysis
After moving in the sideways trend for a while, ADMR made a descending broadening wedge pattern. Furthermore, ADMR has broken out of the Falling Wedge Pattern. The Breakout could indicate a possible starting point for the Markup Phase. The Markup Phase is the stage of price breakout of the trading range and starts to rise steadily. Therefore, we are forecasting a potential upside movement to the target area.
All other explanations are presented in the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position in the ADMR"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
After moving in the sideways trend for a while, ADMR made a descending broadening wedge pattern. Furthermore, ADMR has broken out of the Falling Wedge Pattern. The Breakout could indicate a possible starting point for the Markup Phase. The Markup Phase is the stage of price breakout of the trading range and starts to rise steadily. Therefore, we are forecasting a potential upside movement to the target area.
All other explanations are presented in the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position in the ADMR"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
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