ImmutableX shortImmutableX bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 0.41 is expected to happen.
IMXUSDT trade ideas
IMXUSDT | SETUPIMXUSDT has been trading in a bearish trend .
The bearish trend was well respected y descending triangle .
The price has been making lower lows and lower highs.
Now after taking support from horizontal zone, the price has broken above the triangle. .
The bulls can take control from here.
Manage your levels accordingly.
IMX USDT has to bounceI will enter a LONG position here at
0.451
TAKE PROFIT
0.466 75%
0.471 25%
STOP LOSS
if any hourly candle closes below the trendline,i will exit.
in any scenario,i will update here.
IMX/USDT.Pagainst supply which they respected. Btc is also very weak which they will dump also.
And if you want, you can take profit around 50%
maybe middle finger pattern I'm looking at $IMX for a pull back. This middle finger pattern always catches my eye! Only on the 15 minute time frame tho
A great opportunity IMX/USDTLet's share my experience after i felled a lot ( : this is the normal to reach to the success. the best rule is never stop.
Buy IMX 0.4$ TO 0.410
Target 1: 0.473 $ (15%)
Target 2: 0.440 $ ( 30%)
Best of luck.
IMXUSDT | BUYING ZONELPTUSDT has been trading in a bearish trend . The price has been making lower lows and lower highs.
Now after breaking some major support, price has approached to strong horizontal support zone .
The price has printed bullish divergence on RSI too.
. The bulls can take control from here.
Manage your levels accordingly.
IMX/USDTIMX/USDT
A bullish divergence has formed along with a retracement candle.
I think it can grow by 70 cents.
The targets are indicated in the picture.
IMXUSDT | SUPPORT ZONEIMXUSDT has been trading in a bearish trend and currently broken above the falling resistance. The price after some high move now pushed back to horizontal support.
Now the price has approached to a strong bulls zone.
The price from same zone also took support and started its upward move.
Now we are expecting bulls will take control same zone.
Manage your trades accordingly.
RR:1.93 buye ideabullish harmonic pattern
falling wedge
rsi divergence
tp: strong resistance
never risk more than 2% of capital per trade
ImmutableX risky short Shorting Immutable with tight stoploss - RRR 2:1
Fundamentally long for IMX, so waiting for confirmation for long then.
IMXUSDT | BREAKOUT AHEADIMXUSDT has been trading in a wedge for more than 6 weeks now. The price looks ready to break the congestion zone.
We are expecting a bullish rally in the asset as it is trading at horizontal support zone.
Manage your trades accordingly.
IMXUSDT - WATCH OUT❗ Trade with CautionHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
A quick look at IMXUSDT. The chart is not looking strong and at this point, it's looking more like a liquidity ruggpull. However, the team and the website has been confirmed to be real and not a scam so it could make a part of a diversified portfolio. The first target being the previous point with the highest volume at $1.8.
Even though there is upside potential, I would trade this coin with caution and always remember to use a stop-loss !
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IMXUSDT | DESCENDING TRIANGLEIMXUSDT has been trading under the falling resistance.
The price after breaking multiple supports finally found good support at horizontal zone and bulls show positive momentum.
The price is holding an important support zone.
The bulls need to break the falling resistance.
One can long with stop loss below support zone.
Manage your trades accordingly.
IMX - a promising project or a wrapper?The chart shows us a local break of the trend line.
But the resumption of buying is weak, without positive dynamics.
Possible test of support, which will be a confirmation of successful purchases.
If you like the idea, give it a like. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Selling IMXusdtHello traders!
Welcome Back to another episode with Analyst Aadil1000x.
IMX has formed a strong bearish pattern and we are selling it from the peak.
IMX sell now, its at 0.7708
Stoploss 0.7822(-1.5%)
Target 1 0.7500(+2.7%)
Final Target 0.7350(+4.6%)
IMX longIMX bounced off the support level. Asset broke trough off the descending trendline. Bullish movement to resistance level at 0.885 is possible.
IMX analysisAnalysis of IMX at the request of a subscriber!
Immutable X is the first layer 2 scalable consensus for NFTs on Ethereum. The project's blockchain eliminates the limitations of Ethereum, such as low scalability, poor user interface, illiquidity, and slow UI.
Users benefit from instant trading as well as zero gas fees to create and trade NFTs without compromising asset security. To achieve this, Immutable X is built using STARK zk-rollups, a technology that Vitalik Buterin considers "comprehensive".
Investors: Sora Ventures, Nirvana Capital, Continue Capital, Coinbase Ventures, Reinventure, Prosus Ventures, Galaxy Interactive, EOS VC Fund, Apex Capital Partners, AirTree Ventures, Alameda Research, ParaFi Capital.
IMX unlocks
The tokenomics of the project is the most important factor in the analysis. IMX is approaching historical lows, there are now 235 million coins in circulation, the maximum issue is 2 billion.
On November 5, 2022, IMX will unlock approximately 350 million tokens, 17.5% of the total supply. The purchase price of funds for private sale is $0.1. Very high chance of falling after unlocking.
The IMX developers seem to have realized that the tokenomics was not well thought out.
The sale of such volumes of coins could bring down the price by 30-50%.
More than 50% of unlocked coins belong to developers. They stated that they will re-lock their coins for 1 year.
The developers are also working to attract new strategic long-term holders to buy any remaining IMX holdings.
From a technical point of view, I would wait for an update of the lays, because the market looks weak, and before the tokens are unlocked, we can see a fall, and perhaps in this range of $0.44-0.50 large volumes will come to buy. However, we see a small but emerging purchase that cannot leave us indifferent and add this coin to the watch list and stay tuned.
IMXUSDT Price Movement Prediction- It looks like IMXUSDT has broken out of trend line.
- Expect to reach at least $0.89 and may be reaching 0.93 and continue to go down.
Stop loss if break down the support.
NFA
IMX - No Gas Fees?Analysis:
- Trend Line
- Support & Resistance
- Supply & Demand
T1: Target 1
T2: Target 2
T3: Target 3
R: Resistance
S: Support
Rocket Ship / Green Trendline: Breakout
Opinion:
IMX will rise over the next few weeks/months
