IDEX project is relatively new and they claim it is "The First Layer3 Derivatives Exchange" which provide unique and cool features. Also its price movement show how popular it is. It seems idex is unfolding an inverted wedge pattern; if true, the current bullish wave has a lot of upside potential. Let's see what happens.
Comment:
So, IDEX still oscillating at the bottom of the inverted wedge pattern and has also made several pullbacks on it that shows this line is still a strong support. IDEX needs to break the major horizontal resistance area upward for uptrend wave confirmation. Let's see when this happens.
So, IDEX still oscillating at the bottom of the inverted wedge pattern and has also made several pullbacks on it that shows this line is still a strong support. IDEX needs to break the major horizontal resistance area upward for uptrend wave confirmation. Let's see when this happens.
I think IDEX might follow like this: the 3rd wave ended at 1.272 Fib and currently price is correcting to finish wave 4 which could end around 0.618 Fib retracement. After that wave 5 will start. Let's see what happens.