IMXUSDT is Bullish

16 במאי 2024

IMXUSDT has given a breakout after bullish divergence appeared on RSI at 1H time frame. It broke previous lower high and printed a higher high, currently it is defining a new higher low, entry point has been determined through 0.382 of fib retracement level of current move. After defining a higher low, the price is expected to move up to new highs as per Dow theory. Targets are mentioned on the chart.