IMMUTABLE - IMX/USD - 15 min. - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 1.29 USD
My targets
1.25 USD (-2.58%)
1.09 USD (-15.00%)
My analysis
The bearish trend is currently very strong for IMMUTABLE X - IMX/USD. As long as the price remains below the resistance at 1.29 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.25 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.09 USD as an objective. Crossing it would then enable sellers to target 1.03 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IMMUTABLE X - IMX/USD price is 1.28 USD. The price registered a decrease of -12.33% on the session with the lowest point at 1.22 USD and the highest point at 1.53 USD. The deviation from the price is +4.92% for the low point and -16.34% for the high point.1.22
1.53
1.28
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IMMUTABLE X - IMX/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of IMMUTABLE X - IMX/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.03 | 1.09 | 1.25 | 1.28 | 1.33 | 1.47 |
| Change (%) | -19.19% | -15.00% | -2.58% | - | +4.00% | +14.69% |
| Change | -0.25 | -0.19 | -0.03 | - | +0.05 | +0.19 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.25 | 1.33 | 1.40 | 1.48 | 1.55 | 1.63 | 1.70 |
| Camarilla | 1.42 | 1.43 | 1.45 | 1.46 | 1.47 | 1.49 | 1.50 |
| Woodie | 1.24 | 1.33 | 1.39 | 1.48 | 1.54 | 1.63 | 1.69 |
| Fibonacci | 1.33 | 1.39 | 1.43 | 1.48 | 1.54 | 1.58 | 1.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.17 | 0.48 | 0.98 | 1.29 | 1.79 | 2.10 | 2.60 |
| Camarilla | 1.27 | 1.34 | 1.42 | 1.49 | 1.56 | 1.64 | 1.71 |
| Woodie | 0.28 | 0.53 | 1.09 | 1.34 | 1.90 | 2.15 | 2.71 |
| Fibonacci | 0.48 | 0.79 | 0.98 | 1.29 | 1.60 | 1.79 | 2.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10 | 0.40 | 0.69 | 0.99 | 1.28 | 1.58 | 1.87 |
| Camarilla | 0.83 | 0.88 | 0.94 | 0.99 | 1.04 | 1.10 | 1.15 |
| Woodie | 0.11 | 0.40 | 0.70 | 0.99 | 1.29 | 1.58 | 1.88 |
| Fibonacci | 0.40 | 0.62 | 0.76 | 0.99 | 1.21 | 1.35 | 1.58 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.50 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -19.81 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 1.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.40 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.36 | |
| Zig ZAG (10): | 1.27 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 14.69 | |
| TEMA (21): | 1.24 | |
| Williams %R (14): | -82.35 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4400 | |
| Courbe Coppock: | 24.43 |
| MA7: | 1.33 | |
| MA20: | 1.10 | |
| MA50: | 0.99 | |
| MA100: | 0.73 | |
| MAexp7: | 1.27 | |
| MAexp20: | 1.32 | |
| MAexp50: | 1.38 | |
| MAexp100: | 1.41 | |
| Price / MA7: | -3.76% | |
| Price / MA20: | +16.36% | |
| Price / MA50: | +29.29% | |
| Price / MA100: | +75.34% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -3.03% | |
| Price / MAexp50: | -7.25% | |
| Price / MAexp100: | -9.22% |
Quotes :
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Real time data
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