IMX / TetherUS
Long

A New All-Time High Guaranteed for ImmutableX (1,600% PP)

345
IMX produced a strong bullish cycle between December 2022 and March 2024. The entire bullish wave was corrected beyond 100%. This means that IMXUSDT hit a lower low. It went below the starting point of the last bullish wave. This is good in several ways.

The last move being deleted in its entirety opens the doors for a new bullish cycle with unlimited growth potential. We also know that all weak hands have been removed. Anybody who wanted to sell had more than a year to do so with all profits erased from the previous cycle. A total flush, a full reset.

The last bullish cycle produced more than 850%. We now know that this much is do-able so it becomes very easy. Last time market conditions were mixed to say the least, but not extremely bullish nor the best possible.

If IMXUSDT can grew this much in a mixed market, how much can it grow in a favorable market, in a bull market?

So, we aim for a strong higher high, a new all-time high. This opens up $5.9 an $9.3 as target for this newly developing bullish phase.

Thank you for reading.

Namaste.

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