IMX has been in a descending wedge pullback after a three-legged bull run. This appears to be a textbook long setup, but is it?
How do we trade this? 🤔
The long setup in front of us is reasonable, but there are a few data points in our way. What's in favor of a long position is the descending wedge pattern after a three-legged bull run. The pullback has three...
IMX is deep into its bull trend along with the rest of the crypto market. We have fewer signs of a reversal on this chart compared to others, but many of the same themes are playing out.
How do we trade this? 🤔
We have three pushes to the upside in a bull channel, an RSI at 73.00, and an upcoming Resistance Zone that support the idea of a reversal. However,...
Immutable has fallen out of the bull channel and is trailing sideways around the 30EMA. We don't have any signals to determine if the next move is a drop or pop.
How do we trade this? 🤔
We don't have enough justification to enter a trade in either direction at this time. What we do have; The macro trend is clearly bullish, we're still above the 200EMA and...
