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Imx

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.
by Artem_Dishel
4
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.
by razumcapital
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
Long
by moon333
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
Short
by Artem_Dishel
5
$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
by chalzteddi
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.
Long
by t_trad_coach
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).
Long
by t_trad_coach
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. :-)
Long
by t_trad_coach