Imx
Immutable X (IMX) formed bullish Gartley for upto 54% pumpHi dear friends, hope you are well and welcome to the new trade setup of Immutable X (IMX) with US Dollar pair.
In the previous trade IMX pumped well:
Now again on a daily time frame, IMX has formed a bullish Gartley pattern. There is also hidden bullish divergence on the daily chart, as the priceline is setting a higher low and RSI is forming a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
IMX Short - Going for correctionReasons to take Short:
⭐️ BTC 100 ATR
⭐️ We coudn't update high
⭐️ Bulls are weak
⭐️ Trendline is clearly seen on daily timeframe
⭐️ 6th touch
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
Immutable X (IMX) formed bullish Gartley for upto 33% pumpHi dear friends, hope you are well and welcome to the new trade setup of Immutable X (IMX) with US Dollar pair.
On a daily time frame, STRAX has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
IMX SHORT +%9TARGET %4 STOPWe need to see 4-hour(maybe daily) closing and selling(negative) candles below the burgundy price line to open a position. The places i marked are possible targets.
The turquoise price line is the monthly resistance zone. You can use that area for stop. Don't forget to like the graphic! Good luck.
$IMX in Accumulation Possible short between $1.05 to $1.20. Not financial advice just sharing my knowledge. It is possible we might be moving to the spring region in the next week or two if the accumulation theory is correct. If the price action breaks $1.20 then this theory becomes invalid. If it goes below $0.64 then we should long from there and it would be the best buy(not financial advice) for a very long time. I am not sure how low it could go but I am going to accumulate in those price areas. Please do your own analysis before investing. More info on wyckoff methods here -https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
IMX imaginary pathThis is the path im imagining for IMX.
IMX has had a very good run up, on both the USDT and BTC pairings, so expecting a pull back here. The fact that the IMX/BTC pair is so run up, makes me believe that a pull back to the 0.618 line is very do-able.
I expect some consolidation under this resistance before finally making a break. Time span on this could potential be quite some time though.
Will try post some zoomed out charts below and also the IMX/BTC chart.
IMX has broken down, time to wait.It is now time to sit on our hands and wait for a good entry for IMX.
This rising ascending wedge technically wants to break down (and it has), ultimately constituting a bear flag pattern, that will now continue the preceding down trend.
If bitcoin were to nuke downwards, then the local low here (bottom of the range) would be a great place to sit.
Option 1 and option 2 make sense to me for longs, but I would argue that they sit a bit to close to then stay in them for any length of time. (Quick scalps here).
IMX buy zoneIMX has been performing very well over the past few days; it is very bullish.
The green box below is where to long; on a retest of the diagonal resistance (now support), and the horizontal price action below (I like the middle of the wedge serving up as support. Below that you have the rising support line below, which would be the last line to take longs and where you will get the best risk reward.
Best of luck everyone!
IMX back inside the wedgeIMX has bounced back inside this wedge, causing a takeout to the downside and a great long buying opportunity.
To reduce risk we could sit at the support level ~ 0.677 with a stop just below (invalidation point.
Targets wise, first stop you have the historical price action around 0.730, which also lines up nicely with a 0.618 retracement of the recent leg down.
Above that you have the diagonal resistance and then above that (hopefully after a breakout) you have the horizontal price action resistance ~0.8
Clear trade idea with clear stops. :-)
IMX Long - INH&SIMX has had some good fundamental news relating to a partnership with MasterCard lately.
Looking at the chart, Im observing the formation of a possible inverse head and shoulders pattern, with the right should right now forming (hopefully). Inside the right should is a mini inverse head and shoulders if you go to. a lower time frame.
Price targets on the chart.
Watching what bitcoin does closely obviously but the IMX/BTC pair looks healthy.
IMX - Long after false breakdownReasons to take long
⭐️ Accumulation 15 days
⭐️ Formation is clean
⭐️ We are in the end of formation
⭐️ Recently collected liquidity
⭐️ Range is getting smaller
⭐️ 4th touch
⭐️ 50 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
IMX the corporate future of NFT's?Fundamentals:
+ NFT derivative exposure
+ Disney, Marvel and the ESL building on Immutable X.
+ Coinbase portfolio.
+ Ready to use API
+ Games such as Guild of Guardians and Illuvium currently partnered.
- NFT and Gaming are novel markets within the crypto sphere. Still somewhat unrelated in a market populated by investors and not gamers or actual users.
- Current Risk-Off environment unlikely to reward Risk-On/Start up tokens.
Opinion:
Downtrend could be breached and a TP for risk-reward seems appropriate. TP1 looks attractive.
This is not intended or made to constitute any financial advice.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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