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MDX

A Spring Or Final Test Of Supply Before Markup? Bulls Load Up.BINANCE:MDXUSDT has corrected a whopping 98% from its highs. It has not followed BTC's bullish rally and currently lingers near a strong demand zone. If we are to follow Wykoff's Accumulation Schematics, we could be entering Phase C. Phase A began with Prelim Support / Selling Climax before a 320% Auto Reaction. This strong rally pushed our resistance zone higher than I would've liked. Multiple STs then occurred after the SC that ended Phase A. Phase B also had multiple STs, however price never reached the AR resistance levels. A "Spring" typically makes a brief dip below the TR support zone, however, this wasn't to be as the bulls stepped in at 5.5 cents, the same low made during the Phase B ST (Secondary test). We can expect a Test after a Spring (final shakeout/Bear Trap) or a Last Point of Support without the breakdown. You could even argue that the Spring has already occurred and this is a Test of remaining supply. Anything is possible. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. Several reasons exist to be bullish which include- 8 Oscillators recently printed divergence with a bullish hammer to kick off proceedings. RSI continues to make Higher Lows and Higher Highs. Huge Volume Profile appears near the Trading Range lows which quickly diminishes going up. 10D/Weekly Stochastic bullish cross up near oversold levels. Price currently rests above weekly 10/21 day SMA's while nearing a first-ever cross. On the 2day, the 50 + 200 SMA's inch closer to a first-ever Golden Cross. The Bulls have shown great determination to hold the 5.5-cent - 6-cent support zone. Could the price plummet further? Sure. Having a strategy is key. The bears need a strong volume-supported break with a prolonged period below support to invalidate this idea. A strong sell-off in the market could also put pressure on the bulls. What is Phase C? It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. A Spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal the resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. What Is Mdex(MDX)? Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. Mdex proposes and implements a dual-chain DEX model based on the Heco Chain and Ethereum. Mdex combines the advantages of the low transaction fees of the Heco chain and the prosperity of the Ethereum ecosystem. With MDEX, users can also participate in dual mining mechanism of liquidity mining and trade mining. Mdex is committed to building the largest DeFi platform integrating DEX, IMO, and DAO on the Heco and Ethereum. Current Market Cap - 70m. Circulation Supply - 950.25M Speculative Setup, DYOR + DD. Good Luck!
MLong
by bL1TZZ
2
MDX/USDT - Mdex: Trend Reversal◳◱ On the $MDX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.072 | 0.0749 | 0.082 and support near 0.0649 | 0.0607 | 0.0536. Entering trades at 0.0731 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Mdex ▣ Rank: 596 ▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0731 ₮ ▣ 24HVol: 1,712,451.331 ₮ ▣ 24H Chng: 8.136% ▣ 7-Days Chng: 19.39% ▣ 1-Month Chng: 29.32% ▣ 3-Months Chng: 15.24% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.072 | 0.0749 | 0.082 ◢ Support: 0.0649 | 0.0607 | 0.0536 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.58 ▣ Last 90D: 0.49 ▣ Last 1-Y: -0.32 ▣ Last 3-Y: -0.31 ◲◰ Volatility : ▣ Last 30D: 0.62 ▣ Last 90D: 1.63 ▣ Last 1-Y: 1.08 ▣ Last 3-Y: 1.08 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.51 - Bullish ▣ Reddit sentiment score is N/A ▣ In-depth MDXUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
MDX/USDT - Mdex: Super Trend◳◱ On the $MDX/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.0701 | 0.0745 | 0.0832 and support near 0.0614 | 0.0571 | 0.0484. Entering trades at 0.0672 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Mdex ▣ Rank: 418 ▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0672 ₮ ▣ 24HVol: 824,213.998 ₮ ▣ 24H Chng: 1.205% ▣ 7-Days Chng: 52.49% ▣ 1-Month Chng: 53.65% ▣ 3-Months Chng: 1.75% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0701 | 0.0745 | 0.0832 ◢ Support: 0.0614 | 0.0571 | 0.0484 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -3.46 ▣ Last 90D: 1.77 ▣ Last 1-Y: 0.86 ▣ Last 3-Y: 0.86 ◲◰ Volatility : ▣ Last 30D: 1.72 ▣ Last 90D: 3.79 ▣ Last 1-Y: 3.00 ▣ Last 3-Y: 3.00 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.51 - Bullish ▣ Reddit sentiment score is N/A ▣ In-depth MDXUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
1
✴️ Mdex Part 2 (100% to 300% Growth Potential)This is the Altcoin project for which I shared a trade signal for you just two days ago on the Bitcoin side, MDXBTC. We will now look at the Tether side, MDXUSDT, because it looks good. The only reason I share these is because the charts are looking good/strong, with upside potential. We focus 100% and exclusively on the charts only, we are technical analysts. MDXUSDT has been producing higher lows since September 2022. The was a strong bullish breakout after the final low and this is followed by an equally strong correction, this is normal... After the correction we get a phase of accumulation and then the next high. ✔️ RSI and MACD both are good. ✔️ The candles are good. ✔️ Market conditions are good. The only variable is the Ethereum situation... Will it really crash the entire market? Or can Ethereum just go down by itself while the money that leaves Ethereum fuels the rest of the Altcoins up? Or the positive side... Will the hard-fork lead to growth? Anyways, this is another bullish chart. The potential can range from an easy 100%, to a nice 299%+. This is not financial advice. Thanks a lot for your support. Namaste.
MLong
by AlanSantana
8
Buying opportunity for MDX? Sharing my insightsMDX, despite having a small market value in the crypto world, is catching the attention of investors with its sharp price movements. My technical analysis indicates that MDX's trend break is close and its price is expected to experience a significant increase. My short-term target is to reach $0.40. However, MDX's small market value means that its price can experience large fluctuations. Therefore, it's important to understand the risks before investing. MDX has become a project that is on investors' radar, and its sharp price movements have increased its popularity. However, being careful before investing is always important. MDX's small market value can increase the fluctuations in its price. Therefore, I recommend closely monitoring MDX and understanding the risks before investing.
MLong
by Bozwolf
✳️ MDXBTC 115%+ Trade SignalThe Mdex chart looks really good with all the signals preceding a very strong bullish breakout. Below you have the full numbers... ==== ENTRY: 0.00000290 - 0.00000310 TP1: 0.00000340 TP2: 0.00000374 TP3: 0.00000426 TP4: 0.00000513 TP5: 0.00000565 TP6: 0.00000650 STOP: Close daily below 0.00000280 ===== This is not financial advice. This information is shared for learning and/or entertainment purposes only. Wishing you great wealth, health and success, now and always. Namaste.
MLong
by AlanSantana
$MDX/#BTC [#Mdex]: Resistance_Breakout_Confirmation◳◱ We've detected a Resistance Breakout and Confirmation on the $MDX / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00000492 | 0.0000054 | 0.00000643 and the major support zones are respectively at 0.00000389 | 0.00000334 | 0.00000231. We may consider entering a trade at the current price zone at 0.00000451 and targetting higher levels. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000451 ₿ ▣ 24HVol: 87.887 ₿ ▣ 24hChng: 12.469% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000492 | 0.0000054 | 0.00000643 ◢ Support: 0.00000389 | 0.00000334 | 0.00000231 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.54 - Bullish ▣ Reddit sentiment score is N/A ▣ In-depth MDXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
Mdex (MDX) formed bullish Shark for upto 21.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Mdex ( MDX ) with US Dollar pair. In the previous trade of MDX , the priceline slightly moved down than the potential reversal zone, however, recovered soon and pumped well. Now on a 4-hr time frame, MDX has formed a bullish Shark move. Mdex (MDX) formed bullish Shark for upto 21.50% pump Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
MLong
by moon333
1
MDX has recorded a 13% gain over the past 24 hours!MDX has recorded a 13% gain over the past 24 hours. The price of this currency was supported in the range of 0.096 to 0.105 dollars, which is the support range of the rand, but there is a need to retest this range to recheck the possibility of growth. If this support is maintained and the resistance of the downward trend line is broken, the possibility of further growth and moving toward the resistance range of $0.220 to $0.270 will increase.
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by MonoCoinSignal
7
How long will continue pump MDEX MDX price ?Today we will consider the trading pair MDXUSDT The price of Mdex has been steadily pumping for a week, and it is on the fall of the crypto market. We do not know what this pump is connected with, if you know, please share the information in the comments. This pump looks like a "feast during the plague", so we do not participate in it. Because the coin started its trading from around $3, then a sharp rise in price to $10, and then a stable and clear drop in the MDXUSDT price from $10 to $0.06 for a protracted 20 months, does not cause us much confidence. Let's share our opinion based on what we see on the MdexUSDT chart: 1. The MDX price pump may continue if buyers can consolidate it above $0.125. The first global target of the pump is the $0.20-0.30 range. It is very likely that it was in this zone, earlier, in February-April 2022, that buyers bought longs, because they thought that this was the "bottom" and then only growth. As a result, they received: six months of drawdown and the "second bottom" as a gift at 4 times cheaper price. So now those who previously bought longs at $0.20-0.30 will be happy to sell them at break-even in this range and get out of a protracted unprofitable position, this is how human psychology works. 2. If buyers fail to fix the price above $0.125, then a scenario with the third bottom and the MDXUSD price below $0.05 is very likely. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
22