Trend indicators: $DEXE
• If we apply the RSI (Relative Strength Index), it is likely to show overbought (above 70), as the price has increased by more than 22% in a short period.
• MACD (Moving Average Convergence Divergence) may be in the bullish zone (the histogram is growing, the lines are crossing upwards), which confirms the uptrend.
2. Fibonacci levels:
Conducting a Fibonacci correction from the recent low ($7.14) to the high ($12.60) gives the key levels:
• 38.2% - $10.53
• 50% - $9.87
• 61.8% - $9.21
These levels can be used as entry zones after the correction.
3. Trading volumes:
A significant increase in volume signals that the market is active. If the volumes during the correction decrease, this will be a signal of the strength of the current trend.