✴️ Idex leaves No Room For Doubt, Will Grow 225%

We have a combination of signals you most likely already know by memory, that is if you've been reading all the Altcoin charts we've been sharing.

Let's review those signals together as a learning exercise.
Repetition is the key to learning.

The pair is for Idex vs Tether US - IDEXUSDT

We have a low late December 2022.
This is a rounded bottom, marked here yellow with a cup pattern.

The ensuing action is quite standard across the Altcoins market.
✔️ IDEXUSDT produced a strong bullish wave early 2023 and then entered a long-term correction phase. This correction ended 18-August in a higher low compared to Dec. 2022.

After the mid-August low, trading volume can be seen rising as a new rounded bottom pattern forms.

✔️ Prices are now trading above EMA10 and EMA21 while battling EMA50.
Closing and staying above EMA50 confirms mid-term bullish potential, an easy target of 225%.

Additional support to the fact that the correction is over can be seen by looking at the volume, it is really low s prices go down, goes up as the higher low is hit.

All pretty standard.
➖ A low leads to a bullish wave.
➖ After the bullish wave we get a correction.
➖ After the correction another bullish wave...

Rinse and repeat until the market cycle is over.
Additional details on the chart.

Namaste.

تعليق:

First target (104%) has been hit and now IDEXBTC is on the path to hit our second target (total 230%).