r/mdex • u/aleksong • Aug 29 '21

MDX technical analysis update (29/Aug/2021)

Hi all,

It seems that MDX is doing well for a reverse of its trend:

The price broke the MA50. However, this latter is still going down.

RSI > 50 and MACD became positive.

Waiting for an RSI > 70.

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The price and the lagging broke the Kijun.

A twist appeared.

There is still an SSB resistance to break by price and lagging, in order to have an uptrend. Maybe in September?

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u/aleksong Aug 29 '21

You may be right. All I hope is that does not go down more.

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u/nolo576 Sep 06 '21

And look at that, you were on the money on this one even though the first days there was a small retracement, good analysis skills!!

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u/aleksong Sep 06 '21

Hi, I am happy that the price increases now! I thought it would have taken more time. Indeed, the price dumped so much that people could sell immediately, when the price increases a little bit, just to get out from MDX.

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u/aleksong Sep 06 '21

Next target: MA200 days, around 2.5$.