Previosly I had explained What is The ADX/DMS tool of Bittrex is ?
You can find it here. ADX/DMX tools of Bittrex 1
Coin : Mona Coin
Platform : Bittrex
Algorithm : ADX/DMS
Setting: Period 14 days
Just as I suspected in the previous Post about monacoin.It has broken the support 2 region and heading towards support 3 region .
However, since the ADX value of downward trend is getting weaker, it is now hard to tell when the support 3(final support region) will be reached. A possible consolidation is expected ( it means the graph will hover in the region between final support and resistance 1) .
However, if the resistance 1 is overcome, then a possible uptrend is expected!
