MDX - Prepare for a massive breakout! + Huge parallel channel
- 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.
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