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Mdexusdt

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 (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
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 $0.05 is very likely. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
M
by P_S_trade
22
Mdex/USDT _ LONG _ 190921Analyse technique: Mdex est sorti de son canal baissier grâce à une ETE depuis peu de temps. Actuellement, il entame une montée à l'intérieur d'un canal haussier. Ouverture d'un long sur résistance du canal + 0.618 de Fibo + Rebond MA50 Daily Divergence haussière en H4 et Daily - Le RSI est de 49,56 Position des take-profits TP1= @ 2,3$ 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
💡 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