Ideanomics Has It Eyes On A Retest of the $6 Price RangeThe waves never lie. Though sometimes, we read them wrong. Just follow the waves :)
Ideanomics
IDEX: More trouble ahead? Ideanomics
Short Term - We look to Sell at 0.617 (stop at 0.665)
Previous resistance located at 0.610. 0.610 continues to hold back the bulls. Trading volume is increasing. Price action has posted a bearish Dark Cloud and is negative for short-term sentiment.
Our profit targets will be 0.506 and 0.449
Resistance: 0.610 / 0.820 / 1.120
Support: 0.520 / 0.387 / 0.278
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Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
IDEX: Downtrend to Continue? Ideanomics
Short Term - We look to Sell at 1.08 (stop at 1.18)
Previous resistance located at 1.10. 1.10 continues to hold back the bulls. Our outlook is bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 0.83 and 0.65
Resistance: 1.10 / 1.40 / 1.65
Support: 1.00 / 0.80 / 0.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$IDEXPrice have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the upside and could be setting up for an uptrend to the moon.
From July 14 to July 21 price contracted and lacked liquidity, afterwards it started expanding and tested support from lower breakout line at 2.07 dollars. This push down most likely came from smart money trying to get the stock at the lowest price, without breaking out the price bearish.
Price is still in the expansion phase but with strength from the flag formation it could be testing the upper breakout line at 2.77 dollars. If the stock can break this line, it will go into the breakout phase and we could potentially see some big moves to the upside.
IDEX, Ideanomics bullish count to 15$According to the count we just entered wave 3 and are now headed for 15$ end of year
After that we see wave 4 to above 5.5$ (wave 1 invalidation)
Later we move beyond 15$
IDEX correction seems over. Impulse started 17 augustThe correction consisted of a zig-zag
Now the uptrend seems to be established with lower level 1,2 completed and now it 3
Given the last impulses, this is promising, though it seems sanity has reached IDEX by now so I expect a more traditional price action
IDEANOMICS - trend reversal signalsBreakout + trend reversal signals. 3.17 USD is the next level we need to pass. Then we can attack 3.42 - 3.65 USD again. Looks solid again:)
IDEX TO BREAK OR FOLLOW TREND?Watching IDEX to see if the current support zone holds and price turns up to retest the $5 resistance zone. If price drops below the $2.80 zone I will be looking for it to test the “Covid” trend line and and bounce to retest the $2.80 zone and hopefully back to the $5 zone.
FYI I am still learning, this is not financial advice. Constructive criticism welcome
IDEX - from mars to the moon or earth?I think we will test 50 MA and Fibo level at 3.40-3.20, and turn up from the moon to mars if not enough fuel, then back to the earth to support and Fibo level at 2.70.
$Idex chart comparison to NioNio was once in penny land until it wasn't anymore. Blue lines confirm start of official uptrend on both stocks. $nio uptrend began around the $3.90 mark in MAY and took two months roughly to hit double digits, $Idex uptrend began around $1.16 in November and has been steadily climbing every since, today crossing over penny land. my level of technical analysis is novice at best but i see we may be set up for similar run, :) i see double digits by march! IMO of course lol
$IDEX Breaking Out Of Its Wedge$IDEX set to squeeze the shorts as 18.8% of the float is short. This $1 billion market cap EV player is one of the cheapest plays in the space.
Our last update on $IDEX:
insiderfinancial.com
Good luck to all!
Ideanomics $IDEX Long... Weekly chart indicative of BIG MoveLove the company. Love the Leadership. Love the business Model Love the chart.
Could break out here...Long $IDEXAbnormal Stoch RSI cross's payed big last time....nice bottom frying pan curv here could lead to a short squeeze.
Enough support to enter here. I think these guys are legit to be honest.