IMX has another 2x left in the tank before we enter the bear NFA, imx usd holding up well.. can see it go slighty under the april/may high before it goes lower into the bear.
IMXUSD trade ideas
IMX - Bullish SetupI don't see this dropping down to 0.0% Fib. Low risk/High Reward Position on the table.
IMX ON TRACK FOR $5Imx has retracted all the way back to the bottom of the channel which is perfect timing as just after the halving everything is primed to pump for a potential mid year cycle. May-July is about to get interesting, I don’t see how IMX doesn’t touch 5$
Buy ImmutableImmutable is one of my favourite coins for this bull run. Looks like it's ready to be bought again.
Buy Immutable Immutable should be able to make it to roughly a $36bil mkt cap, so it could increase approximately 8x. Right now, it seems like a reasonable entry point.
IMX --- Where is it heading?$7
W pattern
linear target already met
but still there's a double left in it.
(hope some of my followers got into this early and held)
IMMUTABLE X is definitely being added for the next cycle!#GAMING layer 2 technology for #ethereum
already doing volume for Gods unchained and the like.
zero gas technology
I think this will be a winner
"Every time you list an asset with ImmutableX it is instantly distributed to multiple marketplaces
True scale for games
ImmutableX supports up to 9,000 transactions per second, with zero gas fees when you mint, transfer, or trade"
IMX → Immutable Descending Wedge Bullish Pattern. Time to Long?IMX has been in a descending wedge pullback after a three-legged bull run. This appears to be a textbook long setup, but is it?
How do we trade this? 🤔
The long setup in front of us is reasonable, but there are a few data points in our way. What's in favor of a long position is the descending wedge pattern after a three-legged bull run. The pullback has three pushes down with some strong buy bars, signaling upward pressure.
However, we are still below the Daily 30EMA and a distance from the Support Zone top at $1.49 and the Daily 200EMA at $1.35. You can argue that the third bounce off the descending wedge support is out low and we can place our stop loss there, and that is reasonable. I am suggesting exactly that trade is reasonable after a break of the Daily 30EMA and a re-test of the descending wedge resistance as support. The stop loss can be placed below the previous wedge low of $1.70 with a profit target at a 1:1 Risk/Reward Ratio of $2.414.
💡 Trade Idea 💡
Long Entry: $1.990
🟥 Stop Loss: $1.566
✅ Take Profit: $2.414
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Three pushes up in a bull channel.
2. Descending Wedge bullish pattern with three pushes down.
3. Strong bull signal bars on every wedge push.
4. Suggested to wait for a break of Daily 30EMA and a re-test of wedge resistance as support.
5. RSI at 48.00 and above the Moving Average, supports long bias.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ 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 Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
IMX to Reach $5 Soon After Halving DateWelcome to the 2024-25 Bull Run where whatever idea you make will inevitably hit their targets, I used targets from IMX history to map out the next targets eventually leading it to $5
IMX soon to hit 3$IMX has been in a slight dump where others coins are getting a push but this is one of those coins that will go insane this year and soon this will wake up and pump to 3$ easily.
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.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
IMMUTABLEX #IMX to outperform #ETH by 3XCall it a 2024 Prediction
(Based on a technical foundation ofc :))
Simple trading range zone break out
and prediction of using that range to make a new trading range going forward.
You can also spot a W formation
which also would point towards a similar level
Hope you have profitable `24
IMX.usd heads up at 2.65: possible top or at least pullback oppIMX has just hit a key zone around $ 2.65
Confluence of local golden plus a high tf fib.
Previous two sister Goldens caused retreats.
It is PROBABLE that we see a pullback.
It is POSSIBLE that this is a Top for now.
It is PLAUSIBLE that strong bull breaks it.
$ 2.50 below would be first good support.
$ 2.28 below that will be key trend support.
$ 2.87 above would be next major resistance.
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IMX → Immutable Going Into a Nose Dive!? We're Almost There.IMX is deep into its bull trend along with the rest of the crypto market. We have fewer signs of a reversal on this chart compared to others, but many of the same themes are playing out.
How do we trade this? 🤔
We have three pushes to the upside in a bull channel, an RSI at 73.00, and an upcoming Resistance Zone that support the idea of a reversal. However, we're lacking any kind of confirmation. It's reasonable to look at this chart with a bullish bias and prepare for small position long scalps, but I wouldn't be swinging for the fences with a massive long to the upside, not without more price action and show of support to confirm.
One potential trade is to let the price reject from the Resistance Zone and with some confirmation candles closing on or near their lows, take a standard 1:2 Risk/Reward short position.
Until then, it's reasonable to stay on the sidelines until more price action plays out.
💡 Trade Idea 💡
Short Entry: $2.53
🟥 Stop Loss: $3.00
✅ Take Profit #1: $1.58
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three pushes up in a bull trend. Could be near end of Trend.
3. Gap to 30EMA, look for Support.
4. RSI at 73.00 and above Moving Average. Need to fall below Moving Average for short.
5. Bitcoin is running hot to the upside, risk of trend change.
⚠️ 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!
IMX screaming "FU" to me is it 2.40 or 3.00 to F**k us? 🤬❓😢Not financial advice.
I will also reference the last time I saw this on BTC when everyone said it was going to 100k it was painting an FU to me. So I will share that chart when I called the top on BTC in 2021.
A chart that is too bullish I've learned over time will start to cuss you and give you and FU for being to bullish.
IMX is showing that to me as well as AVAX ,SOL and a few others
Setting up the typical December dump.
What I can't answer is if the "F" will be 2.40 or will it be 3.00.
Either way it's cussing me that we are too excited.
Just a fun way to play around with the charts.
#PIK
#TLAW
Patience Is Key
Think Like A Whale
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.
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!
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!
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ImmutableX Due For A Pullback???The one indicator that never seems to fail is the double top wick. This typically means that there will be a buying opportunity soon.
I have been wanting a position in this one for a while but it has just gone up so much recently. I will be patient and see if this indicator gives me a chance at a discount.
Do not take this idea as me being a bear. I am full bull! Just thinking in the short term on this one.
#imx
#immutablex
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.
Immutable (IMX)Immutable chart is simple; IMX was in a downtrend since the beginning. After the downward move ended and price broke the downtrend line, a strong impulse wave started. Then, IMX corrective phase unfolded in a triangle pattern-or some may say a descending channel. Now, it seems IMX broke this triangle pattern upward, and the next upward impulse wave should start soon. Let's see what happens.
✴️ Immutable X Correction + 2.46 Next Target (265% Potential) Immutable X (IMXUSD) produced a very strong bullish breakout recently signaling the end of a very long correction.
We know this correction to be over because the growth in the last 9 days exceeds 70% and we have a perfect ABC Elliot Wave pattern.
My projection for the next target as this new bullish wave develops is around 2.46. This target would be Wave 3 of a bullish impulse move of a higher degree than shown on this chart, based on Elliot Wave theory. This implies that a fourth and fifth wave are due before the entire pattern is complete.
This whole process can last between Q2 and Q3 2024 at which point a new ATH would be in and a strong correction follow.
For this pair the bottom was hit December 2022.
If we project the end of the fifth wave happening around mid-2024, that would be 1.5 years of bull-market which sits perfectly with the 4 years Cryptocurrency market cycle.
👉 Maybe that's going too far ahead... But what looks pretty certain is the development now of a new bullish wave.
Namaste.
