IMX looks like it is getting ready to brake one way or the other.
When it comes to alts all eyes should be on BTC.
If BTC manages to hold alts may move up and if it can't they typically fall even harder.
Either way the chart is set up for a potential move of around 25% so no reason to fomo into either side. Best to wait for clear market direction.
This is a Daily line chart with a clear uptrend that will either hold or brake.
If it brakes below there is two fair value gaps to possibly fill. The upper gap corresponds with a local goldent pocket and the lower gap with a 1.5 expansion of our current range.
If it brakes to the upside a retrace to the golden pocket of the last down trend would like wise be a 25% move.
Trade Well
When it comes to alts all eyes should be on BTC.
If BTC manages to hold alts may move up and if it can't they typically fall even harder.
Either way the chart is set up for a potential move of around 25% so no reason to fomo into either side. Best to wait for clear market direction.
This is a Daily line chart with a clear uptrend that will either hold or brake.
If it brakes below there is two fair value gaps to possibly fill. The upper gap corresponds with a local goldent pocket and the lower gap with a 1.5 expansion of our current range.
If it brakes to the upside a retrace to the golden pocket of the last down trend would like wise be a 25% move.
Trade Well
Comment:
likely still valid and either putting in a sigificant top or headed to the higher targets price action over the next weeks or so should give a good indication of macro rejection or continuation.
