Hi there,
This is a quick analysis of MDX/USDT Symbol.
With the market cap rising above 1.7B mark, this is very likely to happen.
This is not a financial advice. Please do your own T.A. before investing.
If there is anything about this analysis you want to add, Please do so in the Comments.
Thanks for reading & have a good trade:)
Chroma indicator B2 buy , with the first rebound occurring at 1.26
Currently forming a double bottom with clear sign of RSI shift upwards.
First RST -6% risk to +20% to 50% retracement.
Very good risk reward.
Mdex price has dropped almost 60% from it's all time high, and it has formed a symmetrical triangle in 1h time frame. Breakout on the either side of the pattern can give a good move. In order to continue it's downtrend it needs to break the horizontal line near 1.0500
View on MDXUSDT (18 June 2021)
Let's get straight to the point.
MDEX is trying to the "PancakeSwap" version of HECO network (Huobi's new network) and I think they are going to succeed.
From the way I look at TA, I reckon $1.8 is a good Support and it can go retest $2.2 (or) even alot higher.
DYODD, all the best and read the disclaimer too.
Feel Free to...
