IMXUSDT
IMX ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the IMX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
IMX long setupHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
IMX/USDT 35% down from our entry... Congrats #IMX has hit our targets!
Our short call resulted in a 35% profit from entry
I've closed my position and waiting for a potential reversal.
If support holds, we could see an upward move. Otherwise, our next target is $0.88.
Remember to always wait for good confirmations before opening a trade.
Happy trading!
#cryptotrading #technicalanalysis #IMXUSDT #crypto #alts #Altcoins #binance #Profit
Failed Inverted Head and Shoulders pattern on Immutable(IMX)!!!Immutable has been moving between two 🔴resistance($1.3-$1.8)🔴 and 🟢support zones🟢 for about a year.
Also, Immutable failed to execute the Inverted Head and Shoulders Pattern correctly, and it seems that the resistance zone break was accompanied by a 🐻bull trap🐻.
I expect Immutable to go down again to the 🟢support zone($0.78-$0.$0.63)🟢.
Immutable Analyze ( IMXUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
IMX/USDT 60% Profit in My Short PositionsDear traders,
We bring you an update on the IMX/USDT pairing. As of today, IMX is trading at $1.22, with a recent low of $1.145. Our team provided a chart analysis earlier, suggesting that the price was at its peak and that it was advisable to sell or short. We're pleased to inform you that our prediction has been accurate, and we have booked a substantial profit from the short sale, which we shared with our channel members.
As of now, we believe that there is still potential for a further downside move, and we anticipate that IMX may test the 0.618 fib retracement level, which is approximately $1.0. We have opened a short position and have also booked considerable profit on it.
We are thrilled to share our analysis with you and hope that it has been useful. Please like, share, and follow us for more updates. Thank you for your continued support.
Best regards,
IMX: Pullback in UptrendTrade setup: Price broke above $1.30 resistance where it got rejected in February and now it’s retesting that level. If successful, that would indicate that buyers are still in control and price could revisit $1.60 resistance.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $1.30 (previous resistance), then $1.00. The nearest Resistance Zone is $1.60.
IMX ANALYSIS (30M)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/BUY the IMX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
IMXUSDT trading around 4h support, soon to decide directionSo here is an update for IMXUSDT. The price is currently trading just above 4h support zone 4HS1 marked on the chart. Till this support holds, it is likely that price will aim towards the next resistance around 1.734 as marked on the chart with horizontal line. In case it loses this 4h support, the price will likely head towards the daily support DS1.
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.
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.