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Imxusdtlong

#IMX/USDT#IMX The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.599. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.602 First target: 0.649 Second target: 0.682 Third target: 0.721
Long
by CryptoAnalystSignal
#IMX/USDT#IMX The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.390 We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.407 First target: 0.426 Second target: 0.449 Third target: 0.480
Long
by CryptoAnalystSignal
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!
Long
by ZelfTrade
#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
Long
by CryptoAnalystSignal
IMX/USDT Breaking out the pattern this is Bullish Momentum !!💎IMX has undeniably garnered significant attention in the market. Currently, IMX has successfully broken out of the descending channel pattern and is currently confronting a local resistance level. 💎 A potential scenario is that if the price manages to break out of this resistance level, it could continue its upward trajectory, with the probability of reaching our target in the bearish OB area. 💎 However, if IMX fails to break above the resistance level, there is potential for a downward movement, which could involve a retesting phase at the support area around 2.08 to establish new momentum. 💎 It's worth noting that there is a possibility of the price retracing to the demand area if the support area fails to provide a bounce and loses its significance. Historical data suggests that the demand area has exhibited strength in supporting the price during downward movements. 💎 Confirmation of a bearish trend would occur if IMX broke down below the demand area and fails to bounce when reaching the Bullish OB area, potentially leading to further downward movement.
by MyCryptoParadise
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