MDX HIGHLY RISKY SETUP!
Mdx lost around %99 of its value in a year from its all time high.
Its losing its value for 6 months in a row.
Right now, a falling wedge type of pattern is forming and RSI is near oversold area.
This may mean a reversal can come.
But the main problem here is FED.
FED increasing interest rates cause money outflow from risky markets and this kinds of unknown coins bleed a lot.
This is not a high volume asset. Meaning there is no interest in this asset. Therefore buying this, even after losing around %99 of it value, consist high amount of risk.
For the long term i can invest %1 of my portfolio when FED stop increasing rates, if price is still around here.
Setup looks like there could be a dead cat bounce type of actions in the near future but i will sit this one out since FED is real.
Thanks.
Follow for more information and charts about markets and global economy.
Its losing its value for 6 months in a row.
Right now, a falling wedge type of pattern is forming and RSI is near oversold area.
This may mean a reversal can come.
But the main problem here is FED.
FED increasing interest rates cause money outflow from risky markets and this kinds of unknown coins bleed a lot.
This is not a high volume asset. Meaning there is no interest in this asset. Therefore buying this, even after losing around %99 of it value, consist high amount of risk.
For the long term i can invest %1 of my portfolio when FED stop increasing rates, if price is still around here.
Setup looks like there could be a dead cat bounce type of actions in the near future but i will sit this one out since FED is real.
Thanks.
Follow for more information and charts about markets and global economy.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.