IDEX
IDEX ready to make move soon. Hidden Gem 10x potentialIDEX broke out of falling wedge within a 3 month descending channel. Retest done and higher low printed. 4H MACD cross and RSI bullish. Oversold on weekly RSI. Low MCAP DEX. Bullish news: Community staking starting on Dec 7 and Multiverse tokens implementation on Polkadot and Binance smart chain (BSC) will send IDEX to the moon.
IDEX will go up next weeks IDEX will go up next weeks
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
IDEX/BTC (Bear Flag Confirmed)💎Technical Analysis Summary💎
BINANCE: IDEXBTC
-IDEX turns bearish after breaking its key support area
-The daily bear flag is not confirmed with two red candles
-If there will be more follow-through in the coming days
-The potential downside target is around 400-350 sat area
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IDEX/BTC (Consolidation Channel)💎Technical Analysis Summary💎
BINANCE: IDEXBTC
-IDEX is trading inside a consolidation channel
-Where the Bulls and Bears are fighting
-Trading inside this range is risky
-Because both direction can be wiped off
-The best option is to wait for the breakout
-If the resistance is broken, look for pullback entries
-The potential reversal target is up to 800-900 sat
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Not Financial Advice 💸
Please Exercise Risk Management 💱
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A little Help By Supporting My Channel 📺
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Ideanomics $IDEX Long... Weekly chart indicative of BIG MoveLove the company. Love the Leadership. Love the business Model Love the chart.
Could break out here...Long $IDEXAbnormal 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.
IDEX confronts the moment of truthAfter a long triangular consolidation period, IDEX reaches the moment of truth. From here we face either a bullish breakout or we drop like a rock.
IDEX Analysis Weekly Chart
Loss of Bearish Momentum
Long Wick Rejection of Dynamic Weekly Support (1.15)
0.236 Fib from March Swing Low same as Support (1.15)
Volume Exhaustion in downtrend
Bullish Divergence (MACD)
Bullish EMA Cross 7/13 Week (14/50)
Trend Remains Bullish over 1.05
Daily Chart
Low Volume Consolidation in Falling Wedge (2x Avg Vol on Green Candles)
RSI/SMI Consolidation Zone (50/5)
Slightly Bullish Divergence (HIST)
6th Rotation Closed with a White Spinning Top above 50EMA
4hr Chart
Falling Wedge
Bullish Divergence (MACD, HIST, VMMACD)
PivotPoint Rejection
Bullish Momentum
1.45 Trend Reversal Level
Strong High Volume Rejections of Bottom Trend Line
Weak Low Volume Rejections of Upper Trend Line
IDEX IdeanomicsWith fraud encircling this company. I am short. However, it is respecting the trend lines well. If we don't go down tomorrow we will go down soon. Tomorrow is setting up to be interesting. Regardless, I am going to hold the best I can on my puts.
$IDEX Launches as the Robinhood Army Comes to TownIDEX is another big mover in the EV space that has bloomed into popularity with Robinhood traders.
But this is down-tier and already at #1 in w/w popularity change on Robinhood, so we may be in advanced stages in this name after 800% in a couple weeks.
$IDEX- Ideanomics IncIdeanomics Inc looks like it can break new highs and start flying....
Trade safe yall!