#IMX
The price is moving in a head and shoulders pattern on a 4-hour frame,
and we are now at the end of the formation of the right shoulder.
We have stability above Moving Average 100.
We have an uptrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 2.60
The first goal is 2.77
The second goal is 2.91
the third goal is...
#IMX
The price is moving in a triangle on the 12-hour frame and we have a green support area at the 2.80 level
We have a higher stability moving average of 100
We have a good bounce being prepared from the lower border of the triangle once the downtrend breaks to the upside
The RSI indicator has a downtrend that is about to break higher
Entry price is...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
So here is an update for IMXUSDT. The price is currently trading just above 4h support zone 4HS1 marked on the chart. Till this support holds, it is likely that price will aim towards the next resistance around 1.734 as marked on the chart with horizontal line. In case it loses this 4h support, the price will likely head towards the daily support DS1.
IMX has been performing very well over the past few days; it is very bullish.
The green box below is where to long; on a retest of the diagonal resistance (now support), and the horizontal price action below (I like the middle of the wedge serving up as support. Below that you have the rising support line below, which would be the last line to take longs and...
