IMX/USDT bullish setup …!!👀 🚀IMX Today Analysis

28 Jun 2023

💎 IMX is primed for a bullish move as it's currently trading within a falling wedge pattern while maintaining strong support. We're anticipating a breakout in the near future.

💎IMX is on the verge of crossing over the EMA 50. If it manages to sustain its position above this level, it could further bolster the bullish momentum.

💎The VRVP is currently showing substantial volume, which is another factor to consider. Moreover, trading in a high-demand area could be a strong signal for a bullish move.

💎If IMX manages to break the resistance area at .749, we could see a significant move towards the $1 mark

💎However, if the price re-enters the box area, it could trigger a significant downward move.

💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey

25 Jul 2023

Catatan

Following our previous analysis on IMX, it has adhered nicely to our predictions, yielding a 13.04% gain.

💎 Currently, it's trading in a consolidation zone. The prevailing market uncertainty, primarily due to the significant drop in Bitcoin, has also affected altcoins, including IMX.

💎 Another point to note is the presence of liquidity and an Order Block (OB) confirmed in the lower timeframe. It's likely that the price will reach this level before initiating an upward move.

💎 It's important to note that the price is still above the invalidation zone, so trade cautiously.