Technical analysis by HeftyBreadRoll about Symbol IMX: Buy recommendation (5/17/2024)

Description: Short/Mid-term perspective- long signal MACD(d) zero crossing (from below)- price above ema 111(d)- ema contraction, ready for expansionPrice hit required 1.618fib level for a wave 3 (minute). 5th wave in the making. See potential price targets in chart.Updated ew countUpdate Bitcoin v0.5. 1-2, 1-2 setup.Two scenario's: - finished triangle (Y-wave) and moving up (pot. leading diag)- ABC correction for a X-connector.Both scenario's have more upside, but leading diagnal should preferably stop before 1 fib.**Excluded wick in analysis, bc not present at other exchanges.Update Bitcoin v0.6.**correction 'label: this structure is not impulsive' in bitcoin chart can be identified as a leading diagonal, see invalidation lvl in chart.Update Bitcoin v0.6.1.