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Dynex

DNX/USDT in Perfect Position for Bullish Reversal |🚀 Be Ready💎Paradisers, let’s zoom in on #DNXUSDT. It’s showing signs that it might start to increase in price from the current support level. 💎What’s Happening with $Dynex? After moving out of a downward trend, $Dynex is at a point where it could start to challenge the resistance at $0.933. The trading volume is low right now, but if it starts to pick up at the support level, $0.689, we might see the price begin to climb. 💎If #DNX falls below its current support level, we may need to look for a rise from the next support level at $0.555. If the price doesn't manage to start an upward trend from this point, it means the price will continue to drop. 💎It’s important to keep an eye on $DNX and be ready to change our strategies as the market changes. Stay sharp!
Long
by MyCryptoParadise_Simon
6
Will DYNEX form a 5-wave Elliott wave structure?Hello everyone! Last time I did a review on DYNEX, I mentioned that I expected a correction after a strong rise to around $0.85-1.02, and then I anticipated a continuation of the upward movement of the asset. However, it didn't quite turn out that way. After the correction to $0.85, the asset continued to decline to around $0.63, and there were further price drops below $0.50. After that, the asset entered a sideways movement with higher daily highs. Now, I suggest considering the following scenario for price development. On the weekly chart, it can be assumed that a 5-wave Elliott wave structure is forming. Confirmation of this would be the continuation of the asset's rise in the near future. If the asset continues its sideways movement, then this idea becomes invalid. All targets are shown on the chart. This is not financial advice; everything you do is at your own risk!
Long
by neverovv