Mdex (MDX) 10x - bullish divergence

On the above 5-day (left) and weekly charts price action has collapsed over 90%, respectively. USD pair on the left, BTC pair on the right. Now is an excellent time to be long. Why?

1) The ‘incredible buy’ signal prints. Remember the time frames here, this is excellent on this scale.

2) Both price action and RSI resistance breakouts. On both pairs.

3) Regular bullish divergence. Lots of it. 10 oscillators are currently printing bullish divergence.

4) Volume following capitulation. Excellent. The tall red capitulation candles indicate sellers that had to get out at any price. Then you see the green candles, the 5% coming in.

Is it possible price action falls further? Sure.

Is it probable? 10% technically speaking.

1st target $1.90

Good luck!

Ww

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Kommentera:

10-day chart is now printing 'incredible buy' signals on both dollar and bitcoin pairs. This is equivalent to finding hens teeth.

Two targets to look out for:

1st $1.90

2nd $4.40 to 6.40

Kommentera:

If the break of market structure is confirmed as is currently shown on the 1-day chart below price action should then move to the 90 cent area sooner than late.

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Kommentera:

support on past resistance confirmed

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Might be a good moment

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RSI resistance breakout + IB signal on 2-day chart

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You'll not get a better moment than this.

Kommentera:

Do you see the Dragonfly DOJI on the 5-day chart BTC pair?

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