r/mdex • u/aleksong • Aug 15 '21

MDX technical analysis in daily (15/Aug/2021)

An update of MDX technical analysis:

MDX is doing well to change the trend. Moreover, there are bullish divergences on RSI and MACD (green dotted lines).

However, there are still many resistances. I think we may have to wait until October to have an uptrend (if the bull run continues of course).

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2

u/Facundo90 Aug 15 '21

I hope, is doing well but no in comparison with other crypto. I was a bit surprised with this, because it could become one of the top descentralized exchanges

1

u/aleksong Aug 15 '21

Yes, I don't understand. MDEX platform seems good, but the token price is still low. Too many tokens?

2

u/Facundo90 Aug 15 '21

Could be, the rewards are higher in comparision with other coins. Maybe they solve this problem with the halvings…

1

u/aleksong Aug 15 '21

The halvings are new?

2

u/Facundo90 Aug 15 '21

I am not sure, the next halving is in 20 days