Long
IDEX/USDT Poised for an Explosive Bullish Rally| IDEX Analysis
💎 Attention Paradisers! #IDEX/USDT is poised for a breakout from the descending channel pattern. It is crucial to monitor the daily close candle for a confirmed and valid breakout.
💎 If NASDAQ:IDEX sustains above the support trendline at this juncture, it will mark a validated breakout.
💎 Reviewing IDEX’s historical performance, it has maintained a consistent presence in a Strong Demand area. It is observed that NASDAQ:IDEX has repeatedly formed wicks to tap into an order block in the bullish OB, with the daily close consistently above the strong demand zone.
💎 The asset has faced numerous trials to breach the descending channel, each time meeting significant rejections and subsequently retracting to the strong demand area.
💎 The analysis may lose its relevance if NASDAQ:IDEX withdraws from the Bullish OB area, potentially indicating a further downward journey for the asset.
💎 Keep a close watch and stay informed!
💎 If NASDAQ:IDEX sustains above the support trendline at this juncture, it will mark a validated breakout.
💎 Reviewing IDEX’s historical performance, it has maintained a consistent presence in a Strong Demand area. It is observed that NASDAQ:IDEX has repeatedly formed wicks to tap into an order block in the bullish OB, with the daily close consistently above the strong demand zone.
💎 The asset has faced numerous trials to breach the descending channel, each time meeting significant rejections and subsequently retracting to the strong demand area.
💎 The analysis may lose its relevance if NASDAQ:IDEX withdraws from the Bullish OB area, potentially indicating a further downward journey for the asset.
💎 Keep a close watch and stay informed!
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