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MDX - Prepare for a massive breakout! + Huge parallel channel
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MDX - Prepare for a massive breakout! + Huge parallel channel
By UnknownUnicorn2537518
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Aug 12, 2022
8
4
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47
Aug 12, 2022
MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout!
Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside.
Also we have a local rectangle consolidation, which is always very good to see at the end of the downtrend for a potential breakout trade.
The first profit target is at the strong resistance - wave (4) + double TOP, but i think we can go even higher later.
I think MDX is a great choice together with KP3R!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Ascending Triangle
Bearish Trend Line
Bullish Rectangle
Descending Channel
Elliott Wave
MDXBTC
MDXUSD
MDXUSDT
Support and Resistance
Symmetrical Triangle
Volume
Zigzag
UnknownUnicorn2537518
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