IMXUSDTIs IMXUSDT exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.800.
What you guys think of it?
IMXUSDT
IMXUSDT #001 ( Good Opportunity to Buy $$$ ) Hello dear traders.
good days.
First of all thanks for your comment and support.
----------------------------------------------------------------
On monthly Gann Square after rejection from 0.25 Gann Box , and support from lower Gann Fan line , it's ready to move retest 0.75 Gann Square price zone at next and last reversal time zone.
4HRS Bearish Gann Square is finished and expected to start bullish rally frome here .
Chart updated and plotted with help of Gann Square and Gann Box.
Safe trades and good luck .
#IMX In time H1 and H4, a bearish structure has been formed, if the candlestick is not stabilized in the red box area or if we witness a candlestick rejection, this downward trend can continue until the green box area. Therefore, we can wait for a confirmation in the range that the failure will occur from below.
IMX - Potential 430% Swing LongJust a late-night brain dump. I've been trading IMX and WOO for the past 6 months almost everyday and noticed they respect my strategy in similar fashion - so i wanted to look for a correlation between their price action.
To my limited FA knowledge, they don't have anything in common at all, but that doesn't matter at all. With fractals, I don't care too much about the internal moves, but mainly pay attention to the swing points. It's pretty straightforward and an easy 430% win at worst if you just sit on your hands for 8-12 months. Could be a lot better if you'd take profit and compound them in between, but sometimes that doesn't end well.
Let's see how that plays out.
#IMXUSDT expect a correction of 3-9%SHORT #IMXUSDT
The asset is quite overbought, trading near a strong resistance zone, I expect a correction and an overlap of the fvg. To enter a position from the current price or at the price of 2.33
, I expect from 3-6-9% movement, one averaging at discretion, cross.
IMXUSDT: Navigating the Bearish Waves! 📉🌊Introduction: 🌐 Brace yourselves for a thrilling ride in the crypto seas with IMXUSDT! Traders are setting sail on a short position from $2.32, anticipating a correction in this overbought asset. Let's explore the details of this daring trade.
Trade Details: 💰 The short position (#IMXUSDT) sets sail from $2.32, with a stop-loss anchored at $2.61. The rationale behind this move lies in the asset being overbought and trading near a formidable resistance zone.
Technical Analysis: 📊 Navigating the 1-hour timeframe, it's evident that IMXUSDT is treading waters at a strong resistance zone, signaling a potential correction and the crossing of the FVG (Fibonacci Golden Zone).
Expectations and Strategy: 🎯 The plan unfolds with entering the position at the current price or at $2.33. Aiming for a 3-6-9% movement, with potential for one averaging down at the trader's discretion, it's a daring cross into bearish territory.
Trade Target: 📉 The anticipation is set for a 3-6-9% move, as the trader navigates the bearish waves in pursuit of profitable waters.
Conclusion: 🚢 IMXUSDT offers a thrilling opportunity to surf the bearish tides. Traders, fasten your seatbelts, set sail with caution, and ride the waves of potential profits in this exciting crypto journey! 🌊💹
Immutable ($IMX) Hits 20-Month High Gaming tokens are rising again, with Immutable's IMX token as well.
Crypto gaming firm Immutable’s CRYPTOCAP:IMX token has surged to highs not seen since April 2022, rising 77% in the past month to roughly $2.35, per CoinGecko data.
CRYPTOCAP:IMX is up about 428% in the past year and has a market cap of over $3 billion, making it one of the biggest gaming-focused cryptocurrencies. It’s up 11% in the last 24 hours alone.
Immutable, publisher of the NFT trading card game Gods Unchained, has continued to sign games to its upcoming zkEVM network this year, rolled out its single sign-on wallet solution called Immutable Passport, announced a mysterious collaboration with Ubisoft, and saw a number of games using its blockchain and marketplace listed on the Epic Games Store.
While blockchain games remain a niche interest among the crypto-native, development has continued on a number of upcoming games using Immutable, like Shardbound and Guild of Guardians.
**IMX |Major resistance ahead |Break it out for 580% gain**BINANCE:IMXUSDT
Hi fam,
Thanks for being here.
I'm sure you are experiencing a good time in crypto market these days but always remember "every uphill will end to a downhill" so prepare yourself for other side of market soon.
As you already know many altcoins recently popped up and returned good profit for all of us.
I've checked IMX chart in both weekly, daily time frame and all i can say is currently price reached a critical level of 1.3$. This is a major level for overall trend of this coin. price once made several touched to this level previously and made a deviation above that ended in rejection eventually.
regarding overall condition of market (i expect to see a minor correction) and chart it self (RSI overbought +MACD in H12 is red +BB upper boundary rejecting the price in D1+Stoch RSI in W1 is overbought).
i believe price will give me the opportunity of buying IMX around 0.9$ which is a 10% discount and of course an aggressive buying move.
0.9$ is where kij & tenk of ICHI cloud located and getting flat.
0.9$ is MA20 in W1 time frame.
0.8$ to 0.9$ are the last broken resistance and last known support for this trend.
|But why I'm buying IMX ?
Price located above MAs in W1 time frame.
MACD in W1 is green and getting stronger.
Price printed an ascending channel which give us 9$ as upper boundary of channel (sitting around fib. level of 8)
Trend broken the W1 bearish dynamic resistance trend line and closed above.
Price printed a harmonic XABCD bearish BAT pattern that will end D leg touching upper bound of channel.
There are more parameters that i checked but i will as always ask you to DYOR.
IMX: Resistance BreakoutTrade setup : After a brief consolidation phase around the $1.25 resistance price has broken above it to signal continuation of uptrend, with upside potential to $1.55 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.80 (previous resistance), then $0.55. The nearest Resistance Zone is $1.25, which it broke, then $1.55.
Immutable X (IMX) Price Could Face An Explosive SurgeNotable Trends
1. Immutable forges key partnerships with Amazon AWS and Ubisoft.
2. IMX jumped by 145%, influenced by strategic alliances.
3. Bullish momentum initiated, though short-term corrections are likely to occur.
Fundamentals
In a groundbreaking development for the web3 gaming sector, Immutable has recently solidified two pivotal partnerships, one with Amazon Web Services (AWS) and another with the esteemed game publisher Ubisoft, ushering in a revolutionary era in game development.
The native token IMX of Immutable X has experienced an impressive surge of nearly 145%, rebounding from a bear market low of $0.50 to the current value of $1.22. With its proximity to the yearly high of $1.56 set in March, the question arises: can this upward trend be sustained?
IMX Partnerships With Amazon AWS And Ubisoft
Unlike many crypto projects that announce partnerships primarily for attention, Immutable X stands out with purposeful collaborations.
Through its involvement in Amazon‘s ISV Accelerate Program, the partnership with AWS provides Immutable with valuable resources, such as access to a broad pipeline of game studio leads and support for successful deal closures. This collaboration is poised to revolutionize the gaming landscape, offering developers and studios a comprehensive platform and ecosystem for web3 gaming. The integration of cloud data with the Ethereum blockchain through this alliance marks a significant leap toward establishing a viable model for blockchain gaming.
IMX Price Analysis
IMX reached its all-time high of $9.50 on November 27, 2021, approximately three weeks following its market debut. This achievement coincided with the conclusion of the cryptocurrency bull market, initiating a multi-year period of depreciation for the token.
On December 31, 2022, IMX dipped to $0.37, marking its lowest point since its initial release. The onset of the current year witnessed a robust recovery of over 300%, reaching $1.56 on March 17. Subsequently, a retracement occurred, but a significant development unfolded as IMX established its first higher low at $0.50 on both September 11 and October 19, signaling the commencement of the present uptrend.
The current parabolic ascent post its first higher low hints at a potential initiation of a bull phase for IMX, further supported by the U-shaped curvature commonly observed at market bottoms. Nevertheless, caution is advised as the daily chart RSI indicates overextension, reaching 86% on November 6. It’s noteworthy that during previous instances of such overbought levels, the price similarly surged, as seen on January 17, continuing its ascent by another 166%.
IMX Price Prediction
Since its low on September 11 at $0.47, IMX has been on a steady ascent, reaching its peak at $1.23 today, reflecting an impressive 158% increase. This surge marks the sustained momentum from the breakout following its previous peak on March 17 at $1.57.
While the current price remains below its previous yearly high, there’s potential for further upward movement, suggesting a possible revisit to this high. The recent uptrend likely signifies the next phase in the emerging bull market, anticipating higher prices.
However, a short-term decline may precede a more significant upward move. This conjecture is based on the idea that the initial uptrend from the beginning of the year until March and the subsequent downtrend until September 11 might be the first two sub-waves of a larger uptrend.
If this hypothesis holds, the completion of the ongoing uptrend, now poised for a minor retracement, is crucial before a renewed push towards revisiting the March high. This would mark the conclusion of the current advance, followed by another lower degree downturn, ideally establishing the next higher low, preferably above $0.85.
Should this scenario unfold, IMX’s price could face an explosive surge, breaking through its $1.50 resistance and extending towards $3 in the next uptrend.
IMX ANALYSIS (1D)The IMX symbol appears to be inside a large diametric pattern. It is not far to expect that it will be inside a diametric. In the last few years, all altcoins have been in complex correction.
For branch F, it can jump up to the red box and then be rejected downwards
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ImmutableX (IMX) Continued Growth Despite Market Behaviours
Unlike other altcoins, the momentum on the IMX chart hasn't been as pronounced, presenting an opportunity for substantial future growth. Since October 19, the asset has increased by 30%, a relatively modest gain compared to other alternative cryptocurrencies.
At present, the IMX price is caught between a support zone of $0.608 and $0.632. If the uptrend continues, IMX's price could potentially reach $0.725 and $0.766, levels that were hit during ImmutableX’s surge on September 21.
Should the BTC chart depict a downturn, IMX could retest the support zone at $0.560-$0.580, as well as the $0.545 level. These marks may need to be tested as a technical correction before any further increase.
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.
IMXUSDT's Risk-Reward Potential for Sellers⚪IMXUSDT has demonstrated prolonged respect for the supply zone, affirming the endurance of the long-term downtrend.
⚪This suggests a potential continuation of the price decline.
⚪The current upside pullback, though, presents an appealing risk-reward opportunity for sellers. 📉👀
Trade setup already shared in our channel!