IDEX/USDT Break Out Alert! Bullish Momentum for IDEX

Yello Paradisers, IDEX’s Potential Breakout

💎 IDEX has Break out from the descending channel pattern. For a confirmed and valid breakout, it’s pivotal to observe the daily close candle. If IDEX manages to hold above the support trendline at this point, it will signify a validated breakout.

💎 A look back at IDEX’s history reveals its sustained presence in a Strong Demand area. Observations show that IDEX has consistently formed wicks to capture an order block in the bullish OB, with the daily close persistently above the robust demand zone.

💎 IDEX has undergone numerous tests and attempts to shatter the descending channel, each time facing substantial rejections and subsequently falling back to the strong demand area. However, today marks a deviation, with IDEX successfully breaching the descending channel. The anticipation now is for IDEX to maintain its position above the pattern as the daily candle closes.

💎 The analysis would lose its validity if IDEX retreats from the Bullish OB area, as this could potentially signal a further downward trajectory for IDEX.