🔍 Technical analysis: Head and shoulder pattern scenario - In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave. - According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it. - After that, it faced a lack of...
Immutable X (IMXUSD) has been rising non-stop since the January 23 Low and is now on a new 2 year High! However, the 1D RSI's Bearish Divergence, the entry on the Diagonal Resistance Zone since the June 2022 High, as well as the similarities with the previous Higher Highs formations, call for a short-term pull-back. As long as that is contained above the 1D MA100...
Immutable X (IMXUSD) is trading within a Channel Up pattern for exactly 1 year (since the July 30 2022 High). The price hit today the 1D MA200 (orange trend-line), breaking above the horizontal 0.236 Fibonacci retracement level while reaching the 0.236 Fibonacci Channel level. This is a sequence of Higher Highs, thus a technical uptrend. The last time when all...
I've made the decision to buy some IMX (SPOT) with a target of 0.95, 1.25, 2.1. I've split the order into three parts: the first at the 0.6, the second at 0.5 and third at 0.4. The information provided here is for informational purposes only and should not be considered as financial or investment advice.
ImmutableX broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 0.57 is possible.
ImmutableX - IMX - Making a powerful move off daily bottom ImmutableX has been riding a daily bottom for some time, and recently has burst above the 200 and 314 moving averages. The 4h chart looks strong and has passed above a recent high. Daily charge shows quite the clear move of more than 100% gains before resistance.
Immutable X (IMXUSD) is on a strong rise, the 4th straight currently green 1D candle since the consolidation around the 1D MA200 (orange trend-line). The price has long ago broken above the Bear Cycle's Lower Highs trend-line, and has set course to fill the upper Fibonacci retracement levels. The 0.236 is already hit, next is the 0.382 Fib (1.063) where we expect...