Tickeron detected bearish Crypto Pattern: Triple Tops on July 31, 2023

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08/08/23

Triple Tops

IMX.X - Immutable cryptocurrency

Emerged: 07/31/23

Confirmed: 08/07/23

Breakout: $0.71485

Price: $0.733135

Target price: $0.6638

A.I.dvisor detected a bearish Triple Tops pattern for IMX.X stock. This pattern was detected on July 31, 2023 and confirmed on August 07, 2023 . The odds of reaching the target price are 6. The Triple Tops pattern appears when there are three distinct minor Highs (1, 3, 5) at about the same price level. The security is testing the upper resistance level (horizontal line formed by (1, 3, 5). Consider selling the security short or buying a put option at a downward breakout price level. When trading, wait for the confirmation move, which is when the price falls below the breakout level.

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IMX.X

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