Logarithm. Time frame 3 days. The main trend (part).
The idea shows the true highs of pumping $9.3172. From the peak, the price has dropped by -95% (acceptable for such altcoin HYIPs). Minimum $0.376. The price is now $0.72 after working off double bottom targets.
The price has gone to an important mirror resistance. Schematically, conventionally, showed the potential movement. It is also worth noting that this cryptocurrency is associated with a gaming HYIP, hence, in addition to the market cycle, the price is significantly affected by the real application of this protocol in the gaming industry.
ICO — $0.16. It is worth noting that the ICO took place in November 2021. Price $0.16.
This is what the trend looks like on the line chart.
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+50% continuation of the trend. Let's go on the first scenario. Entered the resistance zone of the previous consolidation (HYIP, news). Be sure to protect profits. One of the coins which on significant profit even from public sales on ICO (about +670%)
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IMX - Opening of coins on March 25th. 0.9% of the total coin supply (equivalent to approximately $17 million at today's exchange rate, 18 million coins).
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+107% (March 17, 2023) to 1.577. Opening of coins on March 25
@FirstNameHelen, Now is clearly not the best entry point. Of course they can pump further. Just when trading this coin, do not forget to move stop losses. Thereby limiting potential losses and preserving profits.
Gold-Tech
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Interesting. Competent analysis. Thank you
TheTradersAvenue
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Your idea is definitely possible, keep it up!
SpartaBTC
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@TradingAxis, Thank you
olysi1
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👍
Crypto_Queens_Official
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I agree with your points mentioned! Makes totally sense! Great analysis!
SpartaBTC
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@Crypto_Queens_Official, Let's see how the general market trend and the price of this cryptocurrency will develop.
RLinda
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Interesting explanation, I support you and agree with your idea)