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IMXUSDT

IMX Long Trade SetupCurrent Situation: IMX has experienced a sell-off this week but might be poised for a reversal. The current ENTRY box offers a favorable setup, incorporating multiple levels of confluence such as trend, 0.786 Fib, horizontal supports, and a reset Stochastic RSI on 12-hour and daily timeframes. Trade Strategy: Entry Point: Enter a long position within the $2.15 to $2.10 range. Take Profit Targets: First Target: $2.26 Second Target: $2.39 Third Target: $2.53 Stop Loss: Set a stop loss at a candle close under $2.09 to manage risk. Risk Management: Watch for weakness into the ENTRY box to reduce stop-loss risk. Be mindful of leverage, as losses are amplified if the trade goes against you. Alternative Long Zone: If the current setup fails and IMX drops further, consider entering a long position in the $2.03 to $1.99 region. Stay cautious and good luck with your trading! 📊📈 #Crypto #IMX #Trading #LongTrade #EntryPoint #TakeProfit #StopLoss #MarketAnalysis #Cryptocurrency #Blockchain
Long
by Richtv_official
IMX/USDT Ready for a Bullish Reversal From a Key Support💎Attention Paradisers, There’s a vibrant opportunity for a bullish rally as #IMXUSDT is firmly following on the support of an ascending channel. Currently, it’s maintaining its stance at $2.204. With solid support at this level, #IMX is well-positioned to challenge and potentially break through the bearish order block located just above. 💎However, if #Immutable falters and descends below the $2.204 support, it might signal a weakening bullish force, potentially spiraling into a bearish trend. The next critical support zone lies at $1.98, a region known for its vigorous liquidity and history of sparking substantial upward corrections. 💎If CRYPTOCAP:IMX revisits this demand zone, securing a strong rebound is imperative to sustain bullish intentions. A failure here could amplify bearish pressures, sour the market outlook, and push prices to even lower thresholds. 💎Stay alert and adaptive, Paradisers. Your ParadiseTeam is continuously monitoring the market to ensure you’re well-prepared to navigate the dynamics of the #Immutable market. MyCryptoParadise iFeel thesuccess
Long
by MyCryptoParadise_Simon
IMX Long Trade SetupCurrent Situation: Price Level: IMX is trading at a support level, making it an ideal entry point for a long trade. Trade Strategy: Entry Point: Enter a long position between $2.20 and $2.30. Take Profit Targets: First Target: $2.55 - $2.65 Second Target: $2.85 - $3.00 Stop Loss: Set just below $2.20 to manage risk. Summary: IMX is currently at a strong support level, providing a good opportunity for a long trade. Enter between $2.20 and $2.30, with take profit targets set at $2.55 - $2.65 and $2.85 - $3.00. A stop loss just below $2.20 will help to mitigate potential losses.
Long
by Richtv_official
Is a Head and Shoulders pattern forming on IMX?Hello everyone! #IMX, I dare to suggest that a head and shoulders technical analysis pattern is forming on the chart. It can be observed that the price reacts well as it approaches the 0.786 Fibonacci level. In this area, the left shoulder was formed and now the right shoulder may be forming. The neckline is at a strong Fibonacci level of 0.618. The price potential upon completion of the pattern is around $0.85. However, the decline may be halted by Fibonacci levels of 0.5 - 0.382.
Short
by neverovv
#IMX/USDT #IMX We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner. We have a support area at the lower border of the channel at $1.60 from which the price rebounded We have a tendency to stabilize above moving average 100 We have an uptrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 2.20 The first goal is 2.74 The second goal is 3.18 The third goal is 3.72
Long
by CryptoAnalystSignal
IMX/USDT descending channel what next? 👀🚀IMX analysis💎Paradisers, #IMXUSDT is currently tracing a descending channel trajectory. This poses the question: Will we see a continuation of the downtrend, or is there uncertainty ahead for sellers? Let’s examine the potential outcomes. 💎 Notably, #IMX has surged above both the descending channel trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This upward break signals strong control by the bulls, potentially heralding a continuation of the uptrend. 💎 Nevertheless, while #Immutable stays beneath the critical supply zone of $2.4553, the outlook could still lean towards bearish. A breakout above this level could shift the momentum towards bullish territory. In such dynamic market conditions, maintaining vigilance and trading strategically are paramount for success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
GameFi: Top Sector for 2024 with Huge Potential🚀🚀🚀The GameFi sector, a fusion of gaming and decentralized finance (DeFi), has emerged as one of the most promising areas within the cryptocurrency landscape. This sector has gained significant traction in recent years, attracting both gamers and investors seeking exposure to innovative blockchain-based applications. What is GameFi? GameFi revolutionizes traditional gaming by introducing play-to-earn mechanics, where players can earn rewards in the form of cryptocurrencies or non-fungible tokens (NFTs) for their in-game activities. This integration of blockchain technology into gaming ecosystems creates a new paradigm where players can monetize their time and effort, fostering a more engaged and ownership-oriented gaming experience. Top 5 GameFi Projects with High Growth Potential in 2024: Immutable X (IMX): A layer-2 scaling solution for the Ethereum network, Immutable X focuses on enhancing the user experience for NFT-based games. It offers gas-free minting and trading of NFTs, making it an attractive platform for game developers and players alike. Price Prediction: I anticipate a sweep of local lows and a retest of the $1.4 level, followed by a potential surge towards $5. Floki Inu (FLOKI): A dog-themed meme coin with a strong community and a focus on developing a decentralized gaming metaverse called Valhalla. Floki's price action has exhibited consistent retests of its ascending support line. Price Prediction: I expect the third retest of the trendline to be a fakeout, leading to a downward move to capture liquidity below. Gala (GALA): A blockchain-based gaming platform aiming to create an interconnected ecosystem of games and NFTs. Gala has formed a significant liquidity pool beneath well-defined lows while simultaneously establishing lower highs (without sweeping liquidity above). Price Prediction: I anticipate a sweep from below to initiate a more accelerated upward trajectory. Axie Infinity (AXS): A pioneer in the GameFi space, Axie Infinity gained immense popularity in 2021. The project features a unique gameplay where players breed, battle, and trade Axie creatures, represented by NFTs. Price Prediction: I expect a retest of the 0.5 imbalance level and the $4.6 price point. Illuvium (ILV): An open-world fantasy RPG built on the Ethereum blockchain, Illuvium combines immersive gameplay with NFT ownership and play-to-earn mechanics. The project has gained significant traction in recent months. Price Prediction: I anticipate a fakeout breakout at the bottom of the bearish flag pattern, followed by a swift upward movement. The GameFi sector presents a compelling investment opportunity in the dynamic cryptocurrency market. The integration of gaming and DeFi offers a unique value proposition, attracting both gamers and crypto enthusiasts. The projects mentioned above, each with their distinct features and growth potential, are worth considering for those seeking exposure to the promising GameFi landscape.
Long
by Yaroslav_Krasko
2
IMX/USDT preparing bullish trajectory|👀🚀IMX analysis💎 Paradisers,#IMXUSDT is doing something cool!After making double top formation it takes downward move despite downward trajectory price once again restoring momentum at key support level $1.7030 💎 What if #Immutable can't stick the landing at this support level and slips below it? Then we've got to switch things up. We're looking for a strong comeback from a bit lower down, at a support level it's hit twice already. 💎 If the price of #IMX dips below this key area, it's time to rethink our game plan. We're hoping for a bounce back from the next support line at $1.3147. If it doesn't manage to recover from there, we might see it fall even more. Stay sharp and ready to adapt as we watch how things unfold. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
IMX/USDT keep an eye on support or OB, potential bouncing!💎 The recent market dynamics surrounding #IMX have indeed been quite notable. It appears that IMX is poised to retest the support area, which previously acted as resistance. 💎 Alternatively, the price may even reach the Bullish OB area to fulfill orders, potentially leading to a bounce and continuation of the bullish trend. 💎 Given IMX's ongoing bullish momentum in the mid-term, there's a strong possibility that after hitting the Bullish OB, the price will rebound and proceed to retest the resistance. 💎 Breaking through this resistance zone is crucial, as a successful breakout could pave the way for IMX to reach our target strong resistance area. 💎 However, if IMX fails to bounce from the Bull OB and instead breaks below this area, it could signify a bearish trend, leading to further downward movement and potentially lower price levels. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
IMX/USDT Could IMX repeat the history bounce from here ?💎 Paradisers, #IMX has recently experienced notable market dynamics. Currently positioned around the support area, IMX has a history of successfully bouncing off this support and initiating significant upward movements. 💎 There's potential for IMX to repeat this pattern, with a bounce off the support followed by a breakout above the resistance trendline, potentially leading to continued upward movement toward the strong resistance area. 💎 However, if IMX fails to maintain support and breaks below it, the next likely stop is the daily demand area of around $1.78. 💎 When IMX reaches the demand area, a bounce is crucial, as this zone is pivotal. For IMX to reach the strong resistance, it's essential to reclaim the price above the support area. Failure to do so, and a breakdown below the demand area, could signify a bearish momentum, leading to significant downward movement.
by MyCryptoParadise_Nathan
2
IMX: March 30th, 2024: BullishHi. Hope you're doing ok. Today's setup is one of the neatest there is out there. Considering the narratives unfolding, GameFi is one of the areas where there is a lot of potential, and ImmutableX is definitely one of the leaders in this field. The chart is incredibly bullish, and reminds me of Jasmy that I fumbled TBH. I saw a similar breakout and retest in Jasmy before that monstrous rally, but I didn't manage to get an entry. Am I implying that this will do a 200% as Jasmy did? No, honestly! When it comes to big rallies, market cap matters, and for IMX to move 200%, a lot more capital is needed. Each time IMX has rallied, we have seen diminishing results. The first rally recorded 400% while the second was about 110%. My expectation for the 5th impulsive wave is around 70% - 80%, maybe even lower depending on PA at levels of interest. However, we have bullish break out of a HTF consolidation zone, and sooner than later a rally will probably begin. VWAPs and some major levels are viewed as support for me. EMAs 12, 21 are acting as support as well. Trend is definitely bullish, and a new impulse wave is in the cards IMO. I have to note that I expect much higher prices in the long run, i.e. a new ATH.
Long
by Trader_Nebula
IMX/USDT ascending channel bullish horizons? 🚀IMX Analysis💎 Paradiser, let's closely analyze #IMXUSDT. It displays clear indications of an imminent significant move originating from a crucial demand level. 💎 #immutable is currently experiencing an upward momentum, nicely following an ascending channel, which suggests a potential continuation of bullish trends. Our anticipation is a retest at the demand level of $2.7450, laying the groundwork for sustained upward movement. A successful retention above this level for #IMX might pave the way for a notable resistance zone at $4.1504. 💎 However, should CRYPTOCAP:IMX face challenges in maintaining its position above the demand, a strategic reassessment may be necessary. In such a circumstance, we would contemplate redirecting our attention to a bullish ascent emanating from a lower support level at $2.4430. Vigilance over this level is imperative, as a failure to uphold it could signal a shift towards a more bearish trend.
Long
by MyCryptoParadise
Previous Resistance ZoneBased on the weekly and daily charts, we have witnessed the complete breakdown of the previous resistance zone. This event is followed by a pullback to the level that had been breached earlier. Such a pullback movement could signify the confirmation of the resistance breach and a change in trend direction. Observing a consolidating candlestick at this level suggests that the IMX price trend may accelerate in an upward direction, aiming for higher price targets. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
IMX/USDT Indicating continue the upward movement if breakout!💎 IMX has recently exhibited noteworthy market dynamics, bouncing from the support of a bullish pennant pattern, signaling a potential upward movement toward testing the resistance of the same pattern. 💎 A successful breakout above the pattern's resistance could pave the way for further upward momentum, possibly reaching our target area. 💎 However, if IMX breaks below the support trendline of the pattern and subsequently breaches the demand area, it will indicate a reversal to a bearish trend. In such a scenario, the price may embark on a downward trajectory, targeting the support area around $2.59. 💎 IMX must bounce decisively from the support area to sustain its upward momentum. Failure to do so, coupled with a breakdown below the support area, would confirm a return to a bearish trend, leading to continued downward movement, possibly towards stronger demand zones.
by MyCryptoParadise