Immutable X (IMX) – Higher highs higher lows
Immutable/Tether GATEIO:IMXUSDT
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.
