$IMX 01 hour Chart Update 🫡
Smart Money Traders are taking profits ✅
#IMX.

$IMX

#IMX. Chart Analysis
I am analyzing the #Immutable X (IMX) chart from two perspectives.

When counting waves simply, the first scenario seems to fit.

1. The first scenario assumes that the current upward wave has completed the formation of five waves and that a correction phase will now begin.

The depth of the correction is uncertain, but the key point is whether it falls below the critical support level of $1.86, which is considered a crucial zone.

2. The second scenario suggests that the wave will extend, leading to a major #upward move.

I am currently considering both scenarios. Most #altcoins tend to experience a significant surge at least once, but IMX has yet to show such a move.

This makes it more daunting, but I am analyzing the chart based on these two perspectives.

In either case, the $1.86 level remains the most critical area to watch, as mentioned earlier.

Have a great day!
If you’d like to continue following my chart analysis, please feel free to follow me.

$CREO at 1.8bn Marketcap will be at 5.3$ 🤝

Currently at 18m MC. Now considering what @creo_engine has been building, i must say, this will be the target for the coming bullrun 🤌#2024withBinance #CREO #IMX.
To add, similar projects like @Immutable $IMX is currently at 3bn Marketcap ( 1.9$ )

Let the cope begin🚀

See you higher.