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IMX / TetherUS

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IMXUSDT trade ideas

IMXDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Long
by TraderBibres2003
ImmutableX IMXUSDT Price Analysis (1d)Analyzing IMXUSDT on the 1-day time frame has revealed some interesting insights. Here's an overview of our analysis: RSI Divergence: Our analysis indicates that the price of IMXUSDT highly respects RSI Divergence, demonstrating a strong correlation between the two. This suggests that RSI Divergence can be a reliable indicator for predicting price movements. Breakout from Resistance: Currently, we are witnessing a breakout of the price from the red resistance line. This breakout indicates a potential rise in price and presents a bullish signal for traders and investors. Bullish Divergence: Prior to the breakout, we observed a bullish divergence pattern, further strengthening the indication of a potential upward movement. This pattern enhances our confidence in the anticipated rise in price. Price Targets: Based on our analysis, we have identified two significant price targets. The first target is at 0.916, representing a strong resistance level in the past. The second target is at 1.164, which has served as a notable support level. These levels present attractive targets for potential price breakout Taking into account the strong correlation between price and RSI Divergence, along with the breakout from resistance and the presence of bullish divergence, we have a compelling case for a potential rise in IMXUSDT. Our price targets of 0.916 and 1.164 provide clear levels to monitor for future price action..
by Vestinda
1
IMX would continue to decline IMX has formed a Wyckoff Distribution Schematic 2. It is likely that the phase E (leaving the distribution area) is happening. Actually, IMX price has been in a falling wedge since the local high (around $1.6 in mid March). It's an organic sell. Currently, prices are consolidating below the MA200D which is superimposed with the Fib 0.5 and also right below the resistance trendline of the wedge. As a result, a short setup is proposed as in chart. Final target is also a good buy zone (if IMX can reach).
Short
by evasivesteering
3