#IMX/USDT#IMX
The price is moving in a descending channel on the 12-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 1.35.
Entry price 1.50.
First target 1.62.
Second target 1.78.
Third target 1.90.
IMXUSDTPERP
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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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
Is a Head and Shoulders pattern forming on IMX?Hello everyone!
#IMX, I dare to suggest that a head and shoulders technical analysis pattern is forming on the chart.
It can be observed that the price reacts well as it approaches the 0.786 Fibonacci level. In this area, the left shoulder was formed and now the right shoulder may be forming.
The neckline is at a strong Fibonacci level of 0.618. The price potential upon completion of the pattern is around $0.85. However, the decline may be halted by Fibonacci levels of 0.5 - 0.382.
#IMX/USDT#IMX
We have a bearish channel pattern on a 1-hour frame, the price moves within it and adheres to its limits well, and the breakout was made to the upside.
We have a green support area at 2.00
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price: 2.12
First goal 2.24
The second goal is 2.33
The third goal is 2.43
#IMX/USDT
#IMX
We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner.
We have a support area at the lower border of the channel at $1.60 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 2.20
The first goal is 2.74
The second goal is 3.18
The third goal is 3.72
#IMX/USDT#IMX
The price is moving in a head and shoulders pattern on a 4-hour frame,
and we are now at the end of the formation of the right shoulder.
We have stability above Moving Average 100.
We have an uptrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 2.60
The first goal is 2.77
The second goal is 2.91
the third goal is 3.06
the fourth goal is 3.20
#IMX/USDT#IMX
The price is moving in a triangle on the 12-hour frame and we have a green support area at the 2.80 level
We have a higher stability moving average of 100
We have a good bounce being prepared from the lower border of the triangle once the downtrend breaks to the upside
The RSI indicator has a downtrend that is about to break higher
Entry price is 2.90
First goal 3.19
The second goal is 3.50
Third goal 3.85
📊#IMX is expected to challenge ATH🚀🧠We achieved an increase of nearly 600% in one year, which is very amazing. The current upward trend is good, but there has never been an adjustment at the daily K-line level, so I hope to make a healthy correction before challenging the historical high above. If the price can return to the buy zone, it will be very interesting to watch.✔️
Let’s see 👀
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IMXUSDT heading towards daily support, long favorable from thereThe price seems to be heading towards the daily support DS1. This daily support zone is sitting around 0.601-0.609. A long will be favorable from that zone as the probability of the price to bounce from that support is high. The target of the long trade shall be first 0.623 and then 0.634 as marked on the chart.
IMX long setupHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
IMXUSDT trading around 4h support, soon to decide directionSo here is an update for IMXUSDT. The price is currently trading just above 4h support zone 4HS1 marked on the chart. Till this support holds, it is likely that price will aim towards the next resistance around 1.734 as marked on the chart with horizontal line. In case it loses this 4h support, the price will likely head towards the daily support DS1.