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without_worries
Jun 27, 2022 4:43 PM

MDEX (MDX) - Strong bullish divergence Long

MDX / TetherUSBinance

Description

Of all the tokens in all of Binance, only two look massively bullish at this time.

The first is MDX with a near 70% correction since April. A number of reasons now exist to be long:

1) A strong buy signal prints with multiple oscillators printing positive divergence.

2) Price action breakout from falling wedge formation.

3) RSI resistance breakout.

4) It is the 10/8/& 5-day charts that makes this one particularly bullish. On the 8-day chart a perfect Dragonfly DOJI prints on the BTC pair. Prints on all of the mentioned time frames. These signals are like a catapult to price action.

Is it possible price action falls further? For sure.

Is it probable? No.

WW

Any guesses what the 2nd token is? Get this post to 100 likes in the next 48 hours and I'll publish. In some ways it is more bullish than MDX. It begins with a 'D' ;-)


8-day chart


10-day BTC pair with perfect DOJI following incredible buy


Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 2 months
Return: Back to April levels from flagpole extension.

Comment

Forgot to say, this one is on the 'what if' list.

Comment

Did you guess the one beginning with 'D' yet? It is more or less a mirror copy of NMR before it did this:

Trade active

Comment

You see the breakout?

You see the divergencies?

3-day chart

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MDX


JASMY


See a pattern?

Comment

Feeling FOMO?

Remember the JASMY fractal above... honestly I don't get paid enough for this.

Comment

A sell signal just printed on the daily, might be an opportunity for a swing trade.

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For anyone still interested in this one a significant move is about to print,
circa 3 to 4x

3-day chart

Comment

PS: The expected move is a mirror copy of the one when the idea was published. Cannot be bothered writing a new idea.

Comment

okay to be long again.

Comments
ProjectSyndicate
interesting update for MDX traders today
RLinda
Nice explanation. Thanks for sharing)
BillyStaples
what do you think about EGLD and the similar falling wedge?
without_worries
@BillyStaples, That's what call a leading question ;) There is no falling wedge. On the BTC pair 10-day chart you've got a death cross with bearish divergence. Long that only if you expect to jump off a mountain without a parachute and survive.

Crypto_Hagu
Liked! Definitly want to know the second one!! Thanks.
without_worries
@ozzyman2, You already know ;-)
Crypto_Hagu
@without_worries, Oh nooo I wouldn't! ;D
Draig_Coch
@ozzyman2 @without_worries ...
you pair of secret squirrels 😂
without_worries
@Draig_Coch, 01110100 01101111 01110000 00100000 01110011 01100101 01100011 01110010 01100101 01110100
jmalique90
@without_worries, TOP SECRET HUH? AND STARTS WITH A "D"??? I read some stuff about (01000100 01001111 01000111 01000101)!!???!? lol
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