#IMX
We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner.
We have a support area at the lower border of the channel at $1.60 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 2.20
The first goal is 2.74
The second goal is 3.18
The third goal is 3.72
Trade ist aktiv:
The first goal is 2.74 Reached