Ideanomics
Short Term - We look to Sell at 0.617 (stop at 0.665)
Previous resistance located at 0.610. 0.610 continues to hold back the bulls. Trading volume is increasing. Price action has posted a bearish Dark Cloud and is negative for short-term sentiment.
Our profit targets will be 0.506 and 0.449
Resistance: 0.610 / 0.820 / 1.120
Support: 0.520 /...
Ideanomics
Short Term - We look to Sell at 1.08 (stop at 1.18)
Previous resistance located at 1.10. 1.10 continues to hold back the bulls. Our outlook is bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 0.83 and 0.65
Resistance: 1.10 / 1.40 / 1.65
Support: 1.00 / 0.80 / 0.50
Disclaimer – Saxo...
Price have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the...
According to the count we just entered wave 3 and are now headed for 15$ end of year
After that we see wave 4 to above 5.5$ (wave 1 invalidation)
Later we move beyond 15$
The correction consisted of a zig-zag
Now the uptrend seems to be established with lower level 1,2 completed and now it 3
Given the last impulses, this is promising, though it seems sanity has reached IDEX by now so I expect a more traditional price action
Watching IDEX to see if the current support zone holds and price turns up to retest the $5 resistance zone. If price drops below the $2.80 zone I will be looking for it to test the “Covid” trend line and and bounce to retest the $2.80 zone and hopefully back to the $5 zone.
FYI I am still learning, this is not financial advice. Constructive criticism welcome
I think we will test 50 MA and Fibo level at 3.40-3.20, and turn up from the moon to mars if not enough fuel, then back to the earth to support and Fibo level at 2.70.
Nio was once in penny land until it wasn't anymore. Blue lines confirm start of official uptrend on both stocks. $nio uptrend began around the $3.90 mark in MAY and took two months roughly to hit double digits, $Idex uptrend began around $1.16 in November and has been steadily climbing every since, today crossing over penny land. my level of technical analysis is...
$IDEX set to squeeze the shorts as 18.8% of the float is short. This $1 billion market cap EV player is one of the cheapest plays in the space.
Our last update on $IDEX:
insiderfinancial.com
Good luck to all!
Abnormal Stoch RSI cross's payed big last time....nice bottom frying pan curv here could lead to a short squeeze.
Enough support to enter here. I think these guys are legit to be honest.
