IMXUSD Strong buy signal on an emerging Golden Cross

3 Feb 2023

Immutable X (IMXUSD) is on a strong rise, the 4th straight currently green 1D candle since the consolidation around the 1D MA200 (orange trend-line). The price has long ago broken above the Bear Cycle's Lower Highs trend-line, and has set course to fill the upper Fibonacci retracement levels.

The 0.236 is already hit, next is the 0.382 Fib (1.063) where we expect a small pull-back as it effectively matches many rejections from May to July and then the July 30 High (1.3100).

Notice that the bullish trend is evident as the 1D RSI invalidated its Bearish Divergence.


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