Alikze »» CELR | Triple Bottom🔍 Technical analysis: Triple Bottom
- In the weekly time frame, a triple bottom has been formed at Fibo 0.78.
- According to the return candle in the mentioned area, we expect at least this motivational wave to continue its growth until the neckline.
- This climb can have at least 50 to 60 percent profit yield.
💎 Also, if the 0.78 area is broken, the bullish scenario will be invalidated.
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Imx
IMX Looks Bottomed Here – Ready for the Next Leg Up?The weekly chart has just confirmed another bullish signal at macro support. What can we expect?
Ideally, a continued uptrend from here would be the best scenario, and it’s something I’m anticipating before any potential reversal and the formation of a new monthly trend.
There are no new lows in sight after retesting the previous monthly support levels, with clear demand around $1.
If things continue to develop positively, a 5-week consolidation period could provide a stronger signal. For now, this setup is sufficient for me to look for long positions, aiming to hold into $2.5 as a primary target. If momentum and overall market conditions are favorable, new all-time highs could be on the horizon.
CRYPTOCAP:IMX LONG!
Alikze »» ENJ | 1H ascending channel🔍 Technical analysis: 1H ascending channel
- It is moving in an ascending channel in the 1H time frame.
- After the formation of a triple roof in the area of the canal roof, it has been modified.
- A demand has been created in the range of the green box.
- Therefore, with a short-term correction, it can grow first to the middle of the channel and then to the ceiling of the channel.
💎 Alternative scenario: In addition, if the green box is broken, it can continue the correction step until the correction request area.
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BINANCE:ENJUSDT
IMX middle term targets Watch this BINANCE:IMXUSDT middle term targets
Spot.
Possible Targets and explanation idea
➡️Weekly global fib levels. Zone (green box) marked in 2022 all zones you knew from last posts 2 years ago. Still relevant and will be relevant
➡️You can track with MP indicator how whales accumulate and distribute position
➡️From 0.38 IMX pumped to 3.70 and we got a 2 main signals to fix profit + RSI bearish div
➡️Now step by step they start accumulate position again. Green box relevant
➡️Tested on W tf fundamental value of token based on Take profit indicator
➡️Middle term target marked by green circle. Potential will be way higher
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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IMX is bullishIt looks like we have a large diametric that we are now at the end of the D wave.
Wave D looks like an ABC as we are now in wave C of D.
By maintaining the green range, it can move towards the red box.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
IMXUSDT Resistance Zone BreakoutIMXUSDT Technical analysis update
IMX price breaks the resistance zone on the 4H chart after multiple rejections. The 4H candle closed above the resistance zone, and the price is trading above the 100 and 200 EMA. We can expect a strong bullish move from here.
Buy Level: $1.66
Stop Loss: $1.46
Regards
Hexa
Alikze »» MAVIA | Descending channel failure.?🔍 Technical analysis: Descending channel failure.?
- It is moving in a descending channel in the 8H time frame.
- There is a demand in the green box and the middle of the channel.
- It is currently at the ceiling of the descending channel.
- Due to the upward momentum, it can continue its growth after breaking the channel with the limited support of 1.56 to the specified supply area.
💎 Alternative scenario: In addition, if it faces selling pressure in the area of the ceiling of the channel and stabilizes below the range of 1.56, it can continue the correction to the middle area of the channel and the green box.
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BYBIT:MAVIAUSDT
Alikze »» SUI | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel on a daily basis.
- Currently, there is demand at the bottom of the descending channel in the green box.
- If it can break the range of 0.78, it can continue its growth with a pullback to the support box until the supply zone.
- But if the green box area breaks down, the correction will be ongoing and should be re-examined and updated.
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BINANCE:SUIUSDT
Great Buying Opportunity in IMX
IMX fell from 3.77 to 1.2, completing the shoulder-head-shoulder pattern. It found a nice support at 1.2. Buying at this level can provide a nice return in the long run.
Considering its recent developments and new projects such as Passport, IMX offers a good investment opportunity.
Alikze »» HFT | Support at the bottom of the descending channel🔍 Technical analysis: Support at the bottom of the descending channel
- It is moving in a downward channel in the daily and 12H time frames.
- Currently, there is demand in the area of the bottom of the descending channel and the beginning of the movement.
- Therefore, if this demand continues in the range of the green box, it can continue its growth up to 0.195 first.
- In addition, if it stabilizes at the top of the range, it will succeed so that the supply range and channel ceiling have an upward trend.
💎 Alternative scenario: if it cannot maintain the green box area and the bottom of the channel, this correction can continue up to the range of 0.0977.
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BINANCE:HFTUSDT
Alikze »» IMX | Head and shoulder pattern scenario🔍 Technical analysis: Head and shoulder pattern scenario
- In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave.
- According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it.
- After that, it faced a lack of stability at the top of the supply zone.
-This unsuccessful failure area of the supply area is a head and shoulder pattern.
- Currently, there is a currency pattern that can have a growth of a dynamic trigger.
- If the line is broken, the head and shoulder pattern will be approved and can be modified in the first step until the Golden Zone, and then the Priz area will continue and even move to the origin of the movement.
💎 Replacement scenario: If it can be removed from the corner, it can test the supply area, but the head and shoulder pattern will not be valid until the supply zone is broken and will confirm the pattern by defeating the line.
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IMXUSDT Chart Update in 3-Day Timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
IMX has been in a downtrend for over three months, with the price dropping almost 63% from $3.76 to $1.38.
Currently, the price is holding support at $1.44, and a rebound will likely push the price toward the $1.8 to $2 resistance (50EMA).
The downtrend in IMX is likely to continue for one specific reason: the upcoming token unlock.
In 10 days, IMX will unlock 32.47 million tokens, which is 1.62% of the maximum supply. There's a high chance that selling pressure will increase once the tokens are unlocked, which will eventually drop the price.
Key Observations:
~ Primary Support: $1.44.
~ Lower Support/Entry: $0.68.
~ Primary Resistance: $1.8 to $2.
~ Higher Resistance/Target: $3.4 to $4.5.
DYOR.
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IMX Analysis: Daily Review and Bitcoin Update🔍Let's dive into today's analysis. Today, we're focusing on the IMX coin, examining it in the daily timeframe. But before we get into that, as usual, let's review the daily Bitcoin analysis and provide an update on yesterday's analysis in the 1-hour timeframe.
👑 Bitcoin Analysis
1-Hour Timeframe
Bitcoin analysis is in the 1-hour timeframe. As mentioned yesterday, the market needs to establish a new structure. Given that today is Saturday and market volume is low, it is advisable not to open any positions today and tomorrow.
📈 After the recent drop, we saw a slight upward movement with very low volume, which appears to be a pullback to 64530, overlapping with the middle line of the descending channel. If selling volume enters the market simultaneously with a rejection from this area, despite it being Saturday, I might open my position with less risk. The target for this position could be the channel's bottom or 63343.
🔑 Breaking 44.53 can be a good confirmation for this risky short position.
⚠️ Currently, I don't have a trigger for a long position and won't open one until buying volume enters the market. If you want to open a long position, breaking 64530 could be suitable, but I don't recommend opening a position with this trigger, and I won't either.
🎮 IMX Analysis
🔫Overview
IMX operates in the field of crypto games, providing infrastructure for other projects. It allows both game creation and gameplay within its ecosystem, making it a comprehensive platform for enthusiasts of crypto games and play-to-earn models.
📅Daily Timeframe
Looking at the chart in the daily timeframe, the first thing that stands out is the head and shoulders pattern, with its trigger already activated. This pattern emerged from the coin's upward movement from 0.4915 to 3.6567, with the trigger appearing at the 0.382 level. Upon breaking this trigger, we can aim for the targets indicated in the chart.
🎯 The first target is the 1 Fibonacci extension point on the downside, overlapping with the 1.2463 support, forming a strong area. The second target is an extremely strong area for several reasons: it is the 1.618 Fibonacci extension point and one of the most important support levels for this coin. Additionally, it is the 0.786 Fibonacci retracement point and the first target of the head and shoulders pattern.
🔻 Currently, the trend for this coin appears bearish. Breaking 23.75 in RSI can introduce more downward momentum into the market. However, for a long or spot purchase, I'll wait until the price moves above the 1.7739 area and RSI breaks 39.60. Only then will I consider a long position.
📝 In summary, while the current market sentiment for both Bitcoin and IMX is bearish, careful observation of key levels and triggers can present potential trading opportunities. For Bitcoin, caution is advised with low market volume over the weekend. For IMX, the head and shoulders pattern indicates possible downward targets, but significant levels must be watched for potential reversal signals. Always wait for volume confirmation to avoid false moves and optimize your trading decisions.
IMX Head & Shoulders !Is the Active Head and Shoulders Pattern Forming?
An intriguing yet risky topic.
Intriguing because we have formed a head and shoulders pattern in a semi-bullish market. If Bitcoin, with its high dominance, corrects, our head and shoulders pattern could activate, with the first target being the ($1.21 - $1.06) range and then the final target being $0.80. This could be dangerous for those holding this currency.
All of this could happen if we see a daily timeframe candle close below the $1.64 range and wait for a pullback or confirmation candle.
Are we going back to crypto hibernation? What do you think?
This is just an analysis and not financial advice at all.
This may not happen and the complete opposite could take shape. I'm just sharing something intriguing with you.