Immutable X (IMX) - Higher highs higher lows

On the above 1-day chart price action has corrected almost 90% since late November. A number of reasons now exist to be long, including:

1) The ‘incredible buy’ signal.

2) Trend reversal. Higher highs and lower highs in both price action and RSI.

3) Price action is currently confirming support on the Golden ratio.

4) The 2-day BTC pair (below). If you’ve been paying attention to my publications those past 24 hours - wink wink nudge nudge.

Is it possible price action falls further? For sure.

Is it probable? No.

Good luck!

Ww

2-day BTC pair

Timeframe: hold it and forget it for at least 3 months to 1 year.
Return: 10x minimum.
Risk: Not more than 6% of trading portfolio.

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Bình luận:

Considerable amount of volume pouring into this token over the month of June. Bullish divergence is evident with the 2-day BTC pair confirming 'what if' conditions. All good.