IMX : PRICE TARGET $0,79 THE NEXT 48% BREAKOUTDepending on our study IMX is able to break out 48% coming time.
This study was done with some of the confirmations views for IMX.
On side of algorithmic trading, IMX also shows a breakout effect.
OUR TARGET FOR IMX = $0,789 what makes it around $0,79
There is high chance that IMX will be the next breakout coin
We have used the same algorithmic trading that we did use for OCEAN.
IMXUSDT trade ideas
IMXUSDT may head to daily support before becoming ultra bullishThe price retested the weekly resistance WR1 and got rejected from there which led to 30% decrease in price. Now price is likely to head for daily support 1 DS1 zone. There can be some upward movement before price starts declining to the DS1 level.
However, a very interesting bullish pattern is in making and will complete if the price hits DS1 zone and bounce again to the WR1 region. That would be very bullish for the price action and can push us towards above 2.2 region and probably up to around WR2 zone.
Trading IMX in a Ranging MarketLet’s see how you can trade IMX in a ranging market successfully!
What is ImmutableX IMX? ImmutableX IMX is the native cryptocurrency of the ImmutableX platform. ImmutableX is a layer-2 scaling solution for Ethereum, designed to offer fast and secure trading of non-fungible tokens (NFTs). ImmutableX uses the Ethereum network for security and settlement but offloads the heavy lifting of transaction processing and validation to its own layer-2 solution. ImmutableX aims to be the fastest and most secure way to trade NFTs on the Ethereum network.
IMX's performance in 2022: IMX has had a good year so far, increasing about 200% since the start of the year. However, it is currently caught between two levels, which makes it an excellent candidate for range trading.
Trading with the Relative Strength Index (RSI) indicator
The Relative Strength Index (RSI) indicator is a momentum oscillator that measures the speed and change of price movements. It is used to determine when an asset is overbought or oversold. The RSI is usually an excellent choice to use on coins that are ranging.
In this chart above, we traded with the RSI on the 1-Hour chart with the basic settings of Period 14, buy when the RSI is below 30 and sell when the RSI is above 70. This setup brought a profit of 89% since February 1st. This indicates that range trading with the RSI indicator can be a profitable strategy for IMX.
Disclaimer: Please take into account that the RSI works well when the market is ranging. When the market is in a downtrend, it will start working significantly worse.
Bottom Line: IMX showed significant growth in 2022, and is now ranging. The RSI indicator is a useful tool for trading IMX in its current-ranging market.
IMX LONG TERM BULLISH REVERSAL Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
IMX LONG TERM PERSPECTIVE.
As we can see price was clearly bearish making clean lower lows and lower highs
However, price now got stuck inside this range and around a strong support zone.
And since price is no longer strong as before to make new lower lows, it's an early alert that the bulls are preparing, to have a shift in momentum
However, we need some confirmation for the bulls to kick in from a long-term perspective, we need a break above the marked major swing high marked on the chart
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
IMXUSDTPERPThe comments and recommendations contained therein are based on the personal opinions of those who comment and advise. These views may not be appropriate for the financial statements and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır. Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.
Bullish Outlook for IMX Crypto Ahead of Mystery Announcement📈🔍📣 Taking a closer look at IMX Crypto, it's showing promising signs for a potential upward trend with a mystery announcement on the horizon.
🕵️♂️💰🚀 I'll be watching closely and considering a long position with a tight stop loss.
Long = $1,0737
My Stop Loss = $0,9634
My Take Profit = $2,0737
Remember, not financial advice. #IMX #cryptotrading #bullish #mysteryannouncement
IMX: Pullback in UptrendTrade setup : Pullback in Uptrend. Price encountered selling pressure (resistance) at $1.30 level and pulled back to $1.00 support, which could be an attractive swing entry in Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $1.00, then $0.80. The nearest Resistance Zone is $1.30.
IMXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for IMXUSDT
In the current chart, R2 and R1 are the resistance areas which contain the unsuccessful attempts of the price to rise. S1 used to be a resistance line. And S2 is our long-term support area at the bottom expressing the well support of price at several points. Therefore, the price could break S1 upward and we see its fluctuation above this area. The existence of a red candle means the price would have another fall to reach the bottom of S1 and then by providing us some confirmation candles for a rise, there is a possibility of an increase up to R1 and even higher than that. You know that in case the price loses the support at any point and falls below S1 area, surely more decline happens to it. We recommend you to have every piece of information and idea via our analyses for receiving more profitable trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ImmutableX - IMX - Making a powerful move off daily bottomImmutableX - IMX - Making a powerful move off daily bottom
ImmutableX has been riding a daily bottom for some time, and recently has burst above the 200 and 314 moving averages.
The 4h chart looks strong and has passed above a recent high. Daily charge shows quite the clear move of more than 100% gains before resistance.
is IMX making a cup&handle?Volume peaks at the bottom and now close to the resistance zone seems to go toward this direction. To be fair I was watching at it to short it because, then, after a bit I realized that the short I wanted to take should form the handle. I'm not sure about this so I am waiting.
However should I lose train this for the short it's better to watch out for the possible long. If I'm right retracement should hit Fib 0.382, if I'm wrong.... use stop loss ahahah
Good luck
P.S.
don't mind those short setup inside the OB, I'm still unsure on what to do with that idea