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IMXUSD

IMXUSD This pull-back is the best buy entry.Immutable X (IMXUSD) has been rising non-stop since the January 23 Low and is now on a new 2 year High! However, the 1D RSI's Bearish Divergence, the entry on the Diagonal Resistance Zone since the June 2022 High, as well as the similarities with the previous Higher Highs formations, call for a short-term pull-back. As long as that is contained above the 1D MA100 (green trend-line), we will buy it and target the All Time High Zone at 5.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:IMXUSD
by TradingShot
IMX → Immutable Ready for a Bull Run? Let's Optimize Our Trade.Immutable has fallen out of the bull channel and is trailing sideways around the 30EMA. We don't have any signals to determine if the next move is a drop or pop. How do we trade this? 🤔 We don't have enough justification to enter a trade in either direction at this time. What we do have; The macro trend is clearly bullish, we're still above the 200EMA and have not tested it yet, RSI is around 40.00 but below the moving average, this could all be argued in the bull's favor. That the RSI is getting low enough to signal a reversal to the upside and that reversal could happen at the 200EMA. Because of the macro trend, our bias should be long. This analysis maintains that bias while also acknowledging we need key signals before entering a trade. Until then, let's see how the price action plays out. FOMO (Fear of Missing Out) is your worst enemy. I find combating FOMO is best conceptualized as " You're making more money by not falling for the seduction of market profit. " 💡 Trade Idea 💡 Long Entry: $1.30 🟥 Stop Loss: $1.17 ✅ Take Profit: $1.56 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bear Breakout of Bull Channel! End of Bullish Bias. 2. Failed to re-enter. 3. Look for Support at 200EMA. 4. If bounce at 200EMA, look for Bull Signal Bar to Long. 5. RSI at 40.00, Bias to Short in the Short-Term. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
COINBASE:IMXUSDLong
by TraderEngineering
IMX → Falling Out Of Bull Channel!? This Chart Shows The WayImmutable token is showing weakness at the bull channel support line, flirting with the idea of breaking out and putting in lower lows. All is not lost! We have potential support zones below the current price of $1.28. How do we trade this? Up until 12 hours ago, our bias should have remained long because we were in a bull channel. That all changed once we witnessed the 3rd Reversal Signal as shown in the analysis, when our long bias should be put on hold until we meet the bull channel support line. The price did fall to the support line but had a weak bounce, a strong indication that the bull channel was ending. Now the price is attempting to beak below the channel support and the RSI is aiding that perception by being below the Moving Average at 40.00 with room to fall. We need to wait for a bear candle to close below the bull channel, confirming the breakout. Then it's reasonable to scalp to the 200EMA just above $1.10. Use a smaller position size since we're sacrificing Risk/Reward for Probability. Ideally, you should be able to run this trade 100 times and make a profit and since our Risk is equal to our Reward, this trade needs to be successful over 50% of the time. Since the macro trend is still bullish, I would wait and see what happens at the 200EMA before entering a long. If we get a strong bull bar closing on or near its high, it may be reasonable to enter a long with a protective stop just below the 200EMA. Until then, use caution! Trade Ideas Short Entry : $1.25 Stop Loss: $1.39 Take Profit: $1.11 Risk/Reward Ratio: 1:2 Long Entry : $1.17 Stop Loss: $1.07 Take Profit: $1.37 Risk/Reward Ratio: 1:2 Key Takeaways 1. Weak Response At Bull Channel Support. 2. Currently Attempting Bear Breakout of Bull Channel. 3. Look for Support at 200EMA 4. If bounce at 200EMA, look for Bull Signal Bar to Long. 5. If Bull Close Here at Bull Channel Support, Consider Long. 6. RSI at 40.00, Bias to Short in the Short-Term. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
COINBASE:IMXUSDShort
by TraderEngineering
2
ICXUSDT (Icon) and the Range-Trading Conundrum🌟In the ever-evolving world of crypto, ICON (ICX) against USDT (Tether) presents an intriguing narrative. To comprehend this evolving scenario, we delve into the recent price action and pivotal technical indicators. 🌟Today, ICXUSDT witnessed a notable event – a clean rejection transpired at the 88.6% Fibonacci resistance level. This particular price juncture has significant implications, indicative of both short-term price dynamics and broader market sentiment. Concurrently, this level aligns with a robust supply zone that has established itself over the preceding six months. 🌟This confluence of technical factors spotlights the prevailing dominance of sellers within the IMXUSDT market. A critical aspect contributing to this bearish bias is the resolute failure of bullish forces to conquer the formidable supply zone. Their inability to breach this critical threshold amplifies the control wielded by sellers in this market. 🌟Furthermore, as we dissect the prevailing market structure, a compelling proposition emerges. The potential existence of a substantial range-trading zone complicates the traditional conception of trend dynamics. Instead, it sets the stage for more lateral price movements, rather than a decisive trend. This observation underscores the intricate and finely balanced market sentiment surrounding ICXUSDT. 🌟In summation, with a heightened degree of confidence, it can be projected that the cryptocurrency's price will endeavor to navigate a southward trajectory once more. This projection prompts a vigilant assessment of two critical price zones. 🌟The initial zone, situated around the 61.8% Fibonacci support, near $0.18, signifies a minor demand zone. Additionally, its position within the broader price structure of IMXUSDT marks it as an area where buyers have historically exhibited a propensity for engaging in significant market activity. 🌟Subsequently, the second zone, at approximately $0.15, gains prominence as it aligns with the establishment of a double bottom pattern within the ICON price narrative. This double bottom formation underscores the region's inherent capacity to serve as a robust demand area, historically attracting buyers and fueling market demand. In closing, the ICXUSDT market offers a nuanced tapestry of resistance levels, supply zones, and historical support regions. Navigating these complexities is essential for traders and investors, as they seek to formulate well-informed strategies within this ever-dynamic crypto landscape.
Short
by CryptoPAMM
IMXUSD Just hit the 1D MA200! Another rejection?Immutable X (IMXUSD) is seeing a huge rally today, almost +50% so far, that has hit the 1D MA200 (orange trenf-line) and the top (Lower Highs) of the Channel Down. The previous 1D MA200 test (July 28) was a clear rejection and what started August's massive -46.80% decline. The last such decline (-46.95%) was in May/ June, the first sell wave within the dominant Channel Down pattern. We are willing to buy every 1D MA50 (blue trend-line) pull-back and target the Higher Highs trend-line at 1.03500. If on the contrary the price breaks below the Higher Lows, we will sell and target a little above Support at 0.48000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:IMXUSDLong
by TradingShot
4
IMXUSD Hit the 1D MA200, buy signal if it closes above it.Immutable X (IMXUSD) is trading within a Channel Up pattern for exactly 1 year (since the July 30 2022 High). The price hit today the 1D MA200 (orange trend-line), breaking above the horizontal 0.236 Fibonacci retracement level while reaching the 0.236 Fibonacci Channel level. This is a sequence of Higher Highs, thus a technical uptrend. The last time when all those conditions were met was on January 22 2023 and what followed was an aggressive rally nearly as high as the previous Channel Up top. If the 1D candle closes above the 1D MA200, we will buy and target the 0.786 horizontal Fibonacci level at 1.3850, also at the top of the 0.5 - 0.618 Channel Fib Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:IMXUSDLong
by TradingShot
2