#IMX/USDT ANALYSIS IMX has broken out of the symmetrical tr | daily on Binance Square

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#IMX/USDT ANALYSIS
IMX has broken out of the symmetrical triangle pattern. The Ichimoku cloud and the 100-day moving average indicate a bullish trend. An upward move is anticipated following a successful retest of the triangle.

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#US DOLLAR ANALYSIS The US dollar is currently facing rejection at the resistance trendline of a symmetrical triangle pattern while trading just above the support trendline, with the Ichimoku cloud providing additional support. A breakdown below the triangle and subsequent downward movement of the US dollar could trigger a bullish rally in the cryptocurrency market. To confirm the US dollar's next direction, it is crucial to wait for a definitive breakout or breakdown. Additionally, it is important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.

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