IMXUSDT may head to daily support before becoming ultra bullish
The price retested the weekly resistance WR1 and got rejected from there which led to 30% decrease in price. Now price is likely to head for daily support 1 DS1 zone. There can be some upward movement before price starts declining to the DS1 level.
However, a very interesting bullish pattern is in making and will complete if the price hits DS1 zone and bounce again to the WR1 region. That would be very bullish for the price action and can push us towards above 2.2 region and probably up to around WR2 zone.
However, a very interesting bullish pattern is in making and will complete if the price hits DS1 zone and bounce again to the WR1 region. That would be very bullish for the price action and can push us towards above 2.2 region and probably up to around WR2 zone.