The Bullish Turn: A Closer Look at #DEXEUSDT's Recent Performanc

30 May 2023

💎 Last week, #DEXEUSDT took a trip down memory lane and retested the previous low, shaping what appears to be a double bottom. At this juncture, MACD flashed a bullish divergence, which was followed by a price breakout above the downtrend trendline.

💎 Fast forward to today, we're seeing a clear rejection of that trendline, now playing the role of support. Alongside this, there's a precise bounce from the 78.6% Fibonacci retracement level, adding more horsepower to the bullish outlook.

💎 In a nutshell, #DEXE's trend could be shifting gears to bullish, even for the mid to long term. But let's not get ahead of ourselves. Our focus should be on the 78.6% resistance and the May high. Only after clearing these hurdles, #DEXE's trend might start to skyrocket.

💎 Until then, keep your eyes peeled. A break below the current double bottom would be a red flag, potentially signaling the continuation of the downtrend. Stay sharp, Paradisers!