Imx
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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IMX/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this IMX/USDT TRADE setup. IMX looks good here.
IMX is breaking out from the broadening wedge pattern and a retest is also done. Expecting a 25-30% move to the upside. Long now and add more in the dip.
Entry range :- $1.54-$1.62
Target1:- $1.68
Target2:- $1.76
Target3:- $1.84
Target4:- $2.0
SL:- $1.46
Use low leverage (4x-6x)
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Also, share your views in the comment section.
Thank You!
IMX at long term support#IMX/USDT
$IMX is at long term support zone.
🐮 holding this support and rejection from it can increase price to resistance zone between $3.2 and $3.5
and if price break down from support zone, next support is between 0.5 and 0.618 fib levels of this swing high and by holding this support price can shape an inverted head and shoulders to reach $4.
🆓Immutable X (IMX) Mar-28 #IMX $IMX
IMX has just conquered the $2.4 zone and is continuing to move up to the $3 and $3.6 zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 2.2$ zone
🔴Buy : 2.4 - 2.2
🔴Sell : 3 - 3.6
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 2.2$ zone
🔵Sell : 2.2
🔵Buy : 1.9 - 1.6
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Short IMX Potential bearish tradeToday we have another good opportunity risk reward short entry, for this bearish market.
In this case I am looking at some anomalies(big pumps without a reason inside a bear market) and short them when I believe they are close to top / ATH
Key points:
Type of entry : Short
Take profit level 1 : 1.6
Take profit level 2: 1.35 - 1.4
Stops loss : 2
LRC I stepped away for a bit and came back to my chart with some slightly different outlooks and ideas.
Still think we will touch trend once more, and I dont think we will repeat history and drop below trend before resuming an uptrend. Some people are calling for 50 cents, we cant see that, but we do think the next month will be red-ish/sideways.
Seems to me like august will be the area to resume a bull trend and until then we slowly creep upwards under 2 dollars..
IMX/USD bullish reversal soon? IMX is the L2 chain for NFT & Gamefi which can bring 9000+ TPS.
IMX investers have Galaxy Digital, Coinbase, Alameda Research and more more....
That's are strong background....
Let's look for the price!
After dropped more than 80%, seems IMX finding support level and waiting for reversak.
- RSI divergence
- MACD divergence
- RSI is oversold and oversold after GME sold their IMX
- First Target is 50MA around $2.3
- 4 hours creating higher low
- Volime also keep going down and waiting for volume breakout....
For my perspective, if Gamefi/NFT still hot in future,
IMX is easy bring 5-10 x even more in long term...
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
Thanks GameStopFor dumping 14 million imx tokens you recieved on apes/retail.
You can see we broke down, broke up again and then we broke back down below but holding. The weekend will probably determine where we go.
Clearly not enough interest to keep this afloat and I believe it's mostly due to Very negative social sentiment. Leads me to believe this will be dropping further as one looking to get into imx will not be drawn in expecting further downtrend. LRC looks to have the better social sentiment at the moment.
Holding on the daily so far. Pucker up crypto is a rollercoaster.