Binance Square
LIVE
LIVE
TheJaFung
Bullish
--89.5k views
$IMX is about to make a huge move - here's why. $BEAMX is breaking ATHs and in price discovery, $MATIC is also pushing yearly highs. Beam's tech stack and scaling solution is built on Immutable zkEVM and powered by Polygon. These 3 projects usually run together, and so far IMX has been lagging behind. The gaming narrative has been consolidating for more than 3 weeks now and the rotation out of memecoins may flow into the strongest gaming alts. Asides from memes, gaming may be the easiest narrative for retail to understand and rally behind. IMX has been in a range since Feb 14 and is poised for atleast a retest of the top side of the range at ~$3.5. Short-term targets upon break of range at ~$4.15. Invalidation upon a daily candle close below $2.96. #IMX #BEAMX #MATIC #TrendingTopic #Write2Earn‬

$IMX is about to make a huge move - here's why.

$BEAMX is breaking ATHs and in price discovery, $MATIC is also pushing yearly highs. Beam's tech stack and scaling solution is built on Immutable zkEVM and powered by Polygon. These 3 projects usually run together, and so far IMX has been lagging behind.

The gaming narrative has been consolidating for more than 3 weeks now and the rotation out of memecoins may flow into the strongest gaming alts. Asides from memes, gaming may be the easiest narrative for retail to understand and rally behind.

IMX has been in a range since Feb 14 and is poised for atleast a retest of the top side of the range at ~$3.5. Short-term targets upon break of range at ~$4.15. Invalidation upon a daily candle close below $2.96.

#IMX #BEAMX #MATIC #TrendingTopic #Write2Earn‬

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Replies 8
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@TheJaFung

Explore More From Creator

$BTC Are we witnessing a break of the 4-Year Cycles? There's considerable debate regarding Bitcoin's 4-year cycle and its outcomes. This brief delves into the technical aspects of these cycles, emphasizing the importance of understanding the patterns for different probablistic outcomes. 4-Year Cycle Pattern: Bitcoin has consistently exhibited a 4-year cycle pattern since its inception, characterized by precise intervals between its peaks and troughs: 2013 peak to 2017 peak = 1477 days 2015 trough to 2018 trough = 1428 days 2017 peak to 2021 peak = 1435 days 2018 trough to 2022 trough = 1428 days On average, significant points in Bitcoin's cycle occur roughly every ~1400 days. Projecting this pattern suggests the next peak in Q4 2025 and the following trough in Q4 2026. However, emerging trends indicate a deviation from this projection. Halving as a Bullish Catalyst: Bitcoin's halving events historically trigger a parabolic phase, though their impact is diminishing due to the high percentage (>90%) of Bitcoin already in circulation. Notably, Bitcoin has breached the 0.618 Fibonacci level in the current cycle, a departure from past patterns. Left-Translated Cycle Dynamics: A left-translated cycle indicates a peak occurring before the cycle's midpoint, suggesting a shorter cycle if the ATH is surpassed before October/November 2024. Despite rising global liquidity, a prolonged bull market extending to late 2025 is deemed unlikely, given institutional investors' profit-taking strategies. Conclusion: Market patterns, once recognized, tend to be preempted by traders. Current indicators suggest a left-translated cycle, urging an adaptation to market dynamics. High Time Frame (HTF) analyses remain bullish for Bitcoin and altcoins. The recommended strategy is straightforward: buy spot, ride the trend, prepare for dips, avoid leverage without expertise, and exercise patience. #BTC #TrendingTopic #Write2Earn‬ #altcoins #ETH
--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs