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Imx

IMX looks bullish (12H)The IMX pair has hunted a strong origin of movement, which is the key factor behind our bullish outlook on this coin. After the hunt, this strong origin broke the trigger line, forming a bullish CH on the chart. Now, as the price pulls back toward support zones, we are looking for buy/long positions. The targets are marked on the chart. A daily candle close below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
CRYPTO:IMXUSD
by behdark
Alikze »» STRK | Trading range🔍 Technical analysis: Trading range - It is in a downtrend on the 1D daily time frame. - Currently, it is in the area between 0.33 and 0.42 as a trading range. - In case of support in the 0.39 area, it can grow up to the supply area. 🛑 The most important resistance: 0.586 - Due to the fact that there is demand in the current area, this failure can happen from above. - He has tested the swing several times. According to the momentum, there is an expectation of failure from above. - But if there is consolidation below the 0.39 area and there is a break from the bottom, the bearish scenario will gain strength. 💎 Alternative scenario: Considering that the formation of a bearish flag pattern is given, if the 0.39 area is not maintained and stabilizes below the area, we can expect confirmation of the bearish flag pattern, which with the breaking of the trading range area can be a correction as much as the previous leg. experience another. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:STRKUSDT
Long
by alikze
4
Will #IMX Bulls Get Enough Momentum For a Bullish Reversal?Yello, Paradisers! Is #IMXUSDT ready to make a decisive move, or are we in for more consolidation? Let’s dive into the key levels of #Immutable: 💎#IMX has been trading within a descending channel on the 4-hour timeframe, creating a classic pattern of lower highs and lower lows. #IMXUSD got rejected from the descending resistance at $1.52 and is going to lower levels for liquidity capture. 💎For a bullish breakout, #IMX needs to push above the descending resistance near $1.524. A confirmed close above this level would pave the way for a potential rally toward the $2.000–$2.200 major resistance zone, where sellers are likely to step in. This scenario hinges on strong bullish momentum and volume so you can watch these for confirmation. 💎If #Immutable cannot get enough momentum to breach above the descending resistance then the probability is high that it will go lower for support. The support zone between $1.072 and $0.906 is crucial. This level has held firm during recent declines, providing a solid base for price action. The bulls have previously stepped here on these levels and defended them. 💎However, if #IMXUSDT breaks below $0.906 and closes a candle below this strong support, the bullish outlook will be invalidated. In this case, #IMX could retest lower levels, with the next key zone around $0.800 or lower, signaling a significant shift in market sentiment. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Is GameFi Making a Comeback with Immutable X (IMX)?The blockchain gaming sector is experiencing a significant resurgence, with Immutable X (IMX) at the forefront of this revival. On December 19, 2024, at 11:00 AM UTC, "Oxya Origin," a game developed by Ubisoft’s French incubator studio, is set to launch on Immutable's platform. This collaboration underscores the renewed interest in GameFi, blending gaming with decentralized finance (DeFi) elements through Non-Fungible Tokens (NFTs). Market Analysis and Technical Insights As of December 18, 2024, IMX is trading at $1.69 with a 24-hour trading volume of $98,397,272 USD, down by 6.29% in the last day. Despite this dip, IMX holds a substantial market cap of $2.86 billion, ranking it at #53 on CoinMarketCap with a circulating supply of 1.69 billion tokens out of a max supply of 2 billion. This market cap reflects a robust growth trajectory since its inception, reaching an all-time high of $9.50, which signifies strong investor confidence and potential for future growth. The recent price action of CRYPTOCAP_OLD:IMX suggests a possible bullish trend. The token has immediate support at the 65% Fibonacci retracement level, offering a potential bounce back point for those looking to trade. The Relative Strength Index (RSI) currently sits at 38, indicating there’s room for the token to rally before being considered overbought. With the upcoming launch of Oxya Origin, analysts predict a surge towards the $2 resistance, a pivotal level before any significant correction or further breakout. Immutable X's Technological Edge Immutable X is not just another blockchain; it's a layer-two scaling solution specifically designed for NFTs on Ethereum. It tackles the blockchain's notorious issues like scalability, user experience, liquidity, and developer speed. By employing zero-knowledge rollups (zk-rollups), Immutable X promises zero gas fees for NFT minting and trading, alongside instant transaction confirmations and a transaction speed of over 9,000 per second. This scalability is crucial for mainstream adoption in gaming where speed and cost-efficiency are key. Unique Positioning: Immutable X's focus on NFTs using zk-rollups positions it uniquely in the market. It's seen as a potential "NFT blockchain" due to its specialized approach to scaling solutions. The API abstraction layer simplifies interactions for developers, making integration into games and platforms straightforward. This ease of use is expected to attract more established companies in the gaming and content creation sectors, further fueling the ecosystem's growth. Additionally, features like the "Link" allow for seamless wallet connectivity, enhancing user experience without compromising security. Ecosystem Growth: The launch of Oxya Origin, which has already seen $7 million in NFT sales and 13,000 ETH in secondary market volume, indicates strong community and investor backing. Immutable's ecosystem has grown impressively, with over 4 million signups for its Passport service and more than 460 games signed on, showcasing its appeal and scalability in the gaming industry. Conclusion Immutable X ( CRYPTOCAP_OLD:IMX ) stands at a pivotal moment in the blockchain gaming space. With its technological innovations, strategic partnerships like the one with Ubisoft, and robust market performance, CRYPTOCAP_OLD:IMX is not just making a comeback for GameFi; it's setting the stage for a new era of blockchain-integrated gaming. The technical analysis suggests immediate opportunities for traders, while the fundamental strengths of the platform indicate long-term growth potential. As we watch Oxya Origin launch, the market's response could very well dictate the next significant move for IMX, potentially pushing it past the $2 resistance level into new highs.
Long
by DEXWireNews
IMX looks bullish (2D)IMX appears to be within a large diametric pattern and is currently in the middle of Wave D. If it maintains the green zone, it could continue its upward movement for a long time to complete Wave E. The long-term and mid-term targets are between $5.5 to $7.0. A daily candle closing below the invalidation level would invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Alikze »» NOT | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel in short-term time frames of 12H. - Currently, it is in the middle of the channel, which is suffering in the liquidity area. - If the current zone is broken, the correction can continue until the bottom zone of the descending channel, the range of 0.0061. - In addition, if the bottom of the channel is broken, the next support zone can touch the 0.00458 range, which is the demand zone. 💎 Alternative scenario: If the liquidity zone is maintained in the middle of the channel, the first target can touch the ceiling of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:NOTUSDT
Short
by alikze
2
Alikze »» CHR | Movement in the ascending channel🔍 Technical analysis: Movement in the ascending channel - It is moving in a long-term ascending channel in the weekly time frame. - So far, it has had several reactions to the dynamic trigger of the channel floor. - In the previous rally, as you can see, it had a sharp growth. - The wave correction has extended to the bottom of the channel, while the correction was able to extend to 0.23 fibo of the previous wave. - Therefore, I expect it to enter the next bullish rally after the pullback to the swing and the green box range. - After confirming the range of the green box, the first target will be the range of 0.29 and the ceiling of the channel. If it continues, we should witness the continuation of the upward trend, which will be provided in the following updates if it is realized. 💎 Note: In addition, if the previous floor (Invalidation LVL) is touched, the upward analysis will be canceled from the validity level. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:CHRUSDT
Long
by alikze
Alikze »» ARB | Expanded flat modification🔍 Technical analysis: Expanded flat modification - It is moving in a downward channel in the weekly and daily time frame. - The current corrective structure is completing a full 5-wave cycle. - According to the structure, an expanded flat is being formed. - This correction can enter an upward trend in the current area or a value lower in the range of 0.39 with the confirmation of the return, which can conquer and cross its previous major ceiling. But in the short time frame of 12H, two behavioral scenarios can be considered to continue the process. 💎 Scenario 1: Keeping the green box, have a return to the neckline range. 💎 The second scenario: or if the green box area breaks, it will continue the downward correction to the range of 0.39. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ARBUSDT
Long
by alikze
2
Alikze »» OP | C wave correction🔍 Technical analysis: C wave correction - It has been moving in an upward channel in weekly and daily time. - It is currently moving in a downward channel. - The last upward wave was a complete cycle of 5 waves, which was able to grow to the size of 0.78 of the previous wave, which then formed a corrective structure. - At present, the current corrective structure is a three-wave that can have two behavioral scenarios. 💎 First scenario: If the current zone cannot stabilize above the golden zone, wave C can extend to the specified PRZ zones (each of the PRZ zones can be a return zone). Therefore, if the current area is not maintained, the downward trend can continue. 💎 The second scenario: if it encounters demand in the golden zone, it can continue an upward trend in the form of a rising wave 3 or C, which at first can conquer its previous major ceiling and then continue to grow until the supply zone. If the behavior and structure of the post changes, it will be updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:OPUSDT
Short
by alikze