IMXUSDT 1-Week Technical Analysis The IMXUSDT chart is exhibiting a large wave B triangular formation. Currently, wave d of B is nearing completion. A rebound from the green support zone is anticipated, triggering wave e of B and potentially sparking a bullish trend reversal.
Key Takeaways: - Buy/long opportunities are expected to emerge within the green zone. - A weekly candle close below the specified invalidation level would nullify this analysis.
- Risk Level: Moderate (volatile market, but clear structure) - Allocate 2-3% of portfolio size per trade - Move SL to entry once TP1 is hit for a risk-free ride!
As predicted in our previous analyses, Ethereum's $1,993 - $1,863 range has proven to be a crucial support zone. We anticipated a rebound from this area, and it's playing out!
However, don't get too bullish just yet... In higher time frames, the overall structure remains bearish.
Known for its intense price swings, SUN appears to be forming a large diametric pattern. 🔍 After some fakeouts, it's likely to enter wave D - a bullish wave!
📊 Trading Strategy:
We're on the hunt for buy/long positions around the green zone! 🟢 Keep a close eye on the charts!
Important:
A daily candle close below the invalidation level will invalidate this analysis. Stay vigilant! 👀
DRIFT appears to be wrapping up wave C of a larger triangle, with wave C itself forming a smaller triangle. 🔍 We're currently navigating wave d of C, which is expected to complete within the green zone. 🟢
📈 Next Move:
Once wave d is complete, we anticipate a move towards the targets for wave e of C. 🚀
⚠️ Important:
A daily candle close below the invalidation level will invalidate this analysis. Keep a close eye! 👀
Important: Note the weekly timeframe! This analysis is a long-term perspective, so patience is key. 🕰️
📈 Key Insights:
The green zone is the catalyst for Bitcoin's potential move toward specified targets. 🚀 A break above the ATH could send Bitcoin soaring to $120K and $140K! 🤯 However, the chart doesn't guarantee a specific target... yet! 🤔 Reaching the green zone may take 4-5 weeks or more. ⏰
📊 Trading Strategy:
We're on the lookout for buy/long positions in the green zone! 🚀 A daily candle close below the invalidation level will nullify this analysis. ⚠️
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