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MDEX

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
✴️ 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
✳️ 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
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
Mdex - Symmetrical Consolidation I am long. Some serious consolidation here charging up for a large move imo. If the market continues to push green, I think there's a good chance we see 30 cents Mdex. However, we also saw relative strength of MDEX flourish during the past few weeks as you can see on the chart, so we'll see how it reacts to the market if we get a bullish rally (decorrelated? I doubt it, but worth minding given its recent PA compared to the altcoin market). Stop-loss below recent low (~17 cents) and invalid on a breakout below this triangle. Manage risk, don't assume this will break upwards. V
MLong
by cryptovatsik
4
MDXUSD Hit its 1D MA200 for the first time ever!Mdex (MDXUSD) hit and broke above its 1D MA200 (orange trend-line) today for the first time in its trading history. This comes after a prolonged selling sequence starting from the September 06 2021 High, whose Lower Highs trend-line actually broke 3 days ago. This is a major bullish break-out for this token but in order to be completed we ideally want to see a 1D candle closing above the 1D MA200. In that case, we can target each Fibonacci retracement level but still would be best to avoid the 0.382 - 0.5 Fib Zone due to its High Volatility trading during mid January - April 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
MLong
by TradingShot
3
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 $0.05 is very likely. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
M
by P_S_trade
22
Mdex Trying To Turn BullishMDXBTC Hit a new All-Time Low early this month (2-March). All-Time Lows are great because it tells us that once a pair reverses there is so much room for growth. A bullish run ends in All-Time High, a bearish run ends in All-Time Low. If the bearish run is not over, we can easily get a bounce so a low risk trade is possible nonetheless. Multiple attempts at resistance happened in February... This is the first signal. Now, we have another challenge at resistance (EMA50), with bull volume being dominant... That's all, you can figure out the rest. Namaste.
MLong
by AlanSantana
Mdex (MDX) Showing Bullish Strength (Up To 111%+ Mapped)Greetings my fellow cryptocurrency lovers, MDXBTC is the next chart. This Altcoin is currently showing good potential and bullish momentum is building up. Yesterday's candle marks a strong bounce for a new ATL (All-Time Low) for MDXBTC and today prices are growing with EMA10 and EMA21 now being challenged. With strong bullish divergence with the MACD. A strong RSI. A young bullish cross on the MACD and volume starting to go up... Here we have the potential for additional growth. We are looking at first a 60% target and then 110%+. Additional details on the chart. Namaste.
MLong
by AlanSantana
7
Mdex/USDT _ LONG _ 190921Analyse technique: Mdex est sorti de son canal baissier grâce à une ETE depuis peu de temps. Actuellement, il entame une montée à l'intérieur d'un canal haussier. Ouverture d'un long sur résistance du canal + 0.618 de Fibo + Rebond MA50 Daily Divergence haussière en H4 et Daily - Le RSI est de 49,56 Position des take-profits TP1= @ 2,3$ TP2= @ 3,2$ TP3 =@ 4,3$ TP4= @ 5,6$ SL = Cassure résistance du canal haussier -3% = 1,49$ Ratio → 115.63 Money Management → 10% du portefeuille trading
Long
by Mulot
Crypto MDX/USDT (A Good Defi Project?)View on MDX/USDT (21 July 2021) Let's get straight to the point. MDX is a good DEFI project but it's native token (MDX)also suffered just-an-another-defi-token syndrome and the value of it have been dropping. We are seeing some bullish looking Pin Bar price action but too early to stay the reversal. It is definitely too late to short and if there is any bullish attempt, it can s wing back UP to $2. Let's see and take it easy. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by SonicDeejay
7
💡 Don't miss the great buy opportunity in MDEXUSDTTrading suggestion: . There is a possibility of temporary retracement to suggested support line (3.050). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . MDEXUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 3.330 TP2= @ 3.550 TP3= @ 3.700 TP4= @ 3.850 TP5= @ 4.100 TP6= @ 4.600 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡 Don't miss the great buy opportunity in MDEXUSDTTrading suggestion: . There is a possibility of temporary retracement to suggested support line (3.050). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . MDEXUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 3.330 TP2= @ 3.550 TP3= @ 3.700 TP4= @ 3.850 TP5= @ 4.100 TP6= @ 4.600 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity