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Imx

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.
by angela_altair
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.
by cryptohopper
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.
Long
by MeroLaika
2
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
by Shotokhan
Immutable X (IMX) potential resistanceI advise taking some profits at this level or at least moving your stop-loss tighter. We are approaching a resistance level and the Bull Market Support Band (basedon EMAindicators) is also getting close to the price. There is a convergence with the latest breakdown's 50% Fibonacci level as well. The RSI and Stochastic RSI are also showing overbought levels on the daily timeframe. Of course the price can break through these levels, regardless but statistics-wise these resistances can pivot the trend. Volume is very low so there are not many traders - or not many with significant amount of money in this pump.
Short
by LaiChee81
1