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Imxusdtlong

IMX Looks Bottomed Here – Ready for the Next Leg Up?The weekly chart has just confirmed another bullish signal at macro support. What can we expect? Ideally, a continued uptrend from here would be the best scenario, and it’s something I’m anticipating before any potential reversal and the formation of a new monthly trend. There are no new lows in sight after retesting the previous monthly support levels, with clear demand around $1. If things continue to develop positively, a 5-week consolidation period could provide a stronger signal. For now, this setup is sufficient for me to look for long positions, aiming to hold into $2.5 as a primary target. If momentum and overall market conditions are favorable, new all-time highs could be on the horizon. CRYPTOCAP:IMX LONG!
Long
by ZelfTrade
#IMX/USDT #IMX We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner. We have a support area at the lower border of the channel at $1.60 from which the price rebounded We have a tendency to stabilize above moving average 100 We have an uptrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 2.20 The first goal is 2.74 The second goal is 3.18 The third goal is 3.72
Long
by CryptoAnalystSignal
IMX/USDT Breaking out the pattern this is Bullish Momentum !!💎IMX has undeniably garnered significant attention in the market. Currently, IMX has successfully broken out of the descending channel pattern and is currently confronting a local resistance level. 💎 A potential scenario is that if the price manages to break out of this resistance level, it could continue its upward trajectory, with the probability of reaching our target in the bearish OB area. 💎 However, if IMX fails to break above the resistance level, there is potential for a downward movement, which could involve a retesting phase at the support area around 2.08 to establish new momentum. 💎 It's worth noting that there is a possibility of the price retracing to the demand area if the support area fails to provide a bounce and loses its significance. Historical data suggests that the demand area has exhibited strength in supporting the price during downward movements. 💎 Confirmation of a bearish trend would occur if IMX broke down below the demand area and fails to bounce when reaching the Bullish OB area, potentially leading to further downward movement.
by MyCryptoParadise
2
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