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IMXUSD

Technical and Fundamental Analysis of IMX/USDTTechnical and Fundamental Analysis of IMX/USDT: IMX has shown impressive gains of 109% in just 8 days, making it an attractive investment option for traders. However, a comprehensive analysis is necessary to make informed decisions while trading IMX/USDT. Technical Analysis: According to the chart analysis, there is a likelihood of some retracement from the current levels. The immediate target price for IMX/USDT is expected to be $1.10. The 0.50 Fib level also coincides with this target price, making it a significant resistance level. Based on these factors, there is a high chance that the price may test the $1 level in the near future. Therefore, traders are advised to keep a close watch on the price movements to avoid any losses. Fundamental Analysis: The current market capitalization of IMX stands at $1.29B, with a circulating supply of 868,583,515 IMX tokens. The maximum supply of IMX tokens is 2,000,000,000 IMX. These figures indicate that the market is relatively small, which can lead to significant price fluctuations in response to any news or developments. Furthermore, the next token unlock is scheduled to take place on 25 March 2023, in just 6 days. This event is expected to cause some volatility in the market, which can lead to a price drop of 10% to 30% from the current levels. The token unlock will release 18,075,990 IMX tokens, which are valued at $26.75M. Conclusion: In conclusion, while IMX/USDT has shown promising gains, traders should be cautious and keep a close watch on the price movements, particularly with the next token unlock just around the corner. The technical analysis indicates a potential retracement, with $1.10 being the immediate target price. The fundamental analysis suggests that the market is relatively small, and any significant event or development can cause considerable price fluctuations. Therefore, traders should make informed decisions and practice safe trading practices to avoid any potential losses.
Short
by CryptoPatel
2
IMX/USDT Main trend (part)Logarithm. Time frame 3 days. The main trend (part). The idea shows the true highs of pumping $9.3172. From the peak, the price has dropped by -95% (acceptable for such altcoin HYIPs). Minimum $0.376. The price is now $0.72 after working off double bottom targets. The price has gone to an important mirror resistance. Schematically, conventionally, showed the potential movement. It is also worth noting that this cryptocurrency is associated with a gaming HYIP, hence, in addition to the market cycle, the price is significantly affected by the real application of this protocol in the gaming industry. ICO — $0.16. It is worth noting that the ICO took place in November 2021. Price $0.16. This is what the trend looks like on the line chart.
by SpartaBTC
35
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
IMXUSD Strong buy signal on an emerging Golden CrossImmutable X (IMXUSD) is on a strong rise, the 4th straight currently green 1D candle since the consolidation around the 1D MA200 (orange trend-line). The price has long ago broken above the Bear Cycle's Lower Highs trend-line, and has set course to fill the upper Fibonacci retracement levels. The 0.236 is already hit, next is the 0.382 Fib (1.063) where we expect a small pull-back as it effectively matches many rejections from May to July and then the July 30 High (1.3100). Notice that the bullish trend is evident as the 1D RSI invalidated its Bearish Divergence. ------------------------------------------------------------------------------- ** 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
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
IMXUSDT - WATCH OUT❗ Trade with CautionHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 A quick look at IMXUSDT. The chart is not looking strong and at this point, it's looking more like a liquidity ruggpull. However, the team and the website has been confirmed to be real and not a scam so it could make a part of a diversified portfolio. The first target being the previous point with the highest volume at $1.8. Even though there is upside potential, I would trade this coin with caution and always remember to use a stop-loss ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
33
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/USD Has huge upside potential if this support zone holdsHello traders, I leverage Elliott Wave to identify patterns in the market but pair 3 other crucial components with it to execute a full trading system called the NewWave System. This chart highlights how IMX could have the potential to create a new cycle towards the upside. It pulled back to a .618 retracement of previous cycle, we have a double tap on crucial support zone of previous cycle and our current rally is steep enough to potentially work its way through the red resistance zone as the start of something. Let me know in the comments below if this looks appealing to you or if you see something more concerning OR optimistic than I've highlighted here. Creating successful traders, NewWave Traders
KRAKEN:IMXUSDLong
by NewWave_Traders
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 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