Immutable X (IMXUSD) produced a very strong bullish breakout recently signaling the end of a very long correction.
We know this correction to be over because the growth in the last 9 days exceeds 70% and we have a perfect ABC Elliot Wave pattern.
My projection for the next target as this new bullish wave develops is around 2.46. This target would be Wave 3 of a bullish impulse move of a higher degree than shown on this chart, based on Elliot Wave theory. This implies that a fourth and fifth wave are due before the entire pattern is complete.
This whole process can last between Q2 and Q3 2024 at which point a new ATH would be in and a strong correction follow.
For this pair the bottom was hit December 2022.
If we project the end of the fifth wave happening around mid-2024, that would be 1.5 years of bull-market which sits perfectly with the 4 years Cryptocurrency market cycle.
👉 Maybe that's going too far ahead... But what looks pretty certain is the development now of a new bullish wave.
Namaste.
We know this correction to be over because the growth in the last 9 days exceeds 70% and we have a perfect ABC Elliot Wave pattern.
My projection for the next target as this new bullish wave develops is around 2.46. This target would be Wave 3 of a bullish impulse move of a higher degree than shown on this chart, based on Elliot Wave theory. This implies that a fourth and fifth wave are due before the entire pattern is complete.
This whole process can last between Q2 and Q3 2024 at which point a new ATH would be in and a strong correction follow.
For this pair the bottom was hit December 2022.
If we project the end of the fifth wave happening around mid-2024, that would be 1.5 years of bull-market which sits perfectly with the 4 years Cryptocurrency market cycle.
👉 Maybe that's going too far ahead... But what looks pretty certain is the development now of a new bullish wave.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd » Join us now! 👉 t.me/lamatrades/4
💥Top Results
t.me/anandatrades/1183
🏆New Results
t.me/masteranandatrades/6172
💥Top Results
t.me/anandatrades/1183
🏆New Results
t.me/masteranandatrades/6172
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。