Get started

IMX / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

IMXUSDT trade ideas

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
RLinda ! IMXUSDT-> The bulls are pulling aheadIMXUSDT is bursting ahead as bitcoin and the entire market strengthens. A false moving average breakout forms a liquidity grab and positive potential formation. Price breaks through the 1.189 level and the strong downward resistance line. If the price successfully consolidates above the support level, the coin can shoot towards 1.1800 and reach the target fairly quickly. There is a void ahead. The odds are high. I expect the bulls to be able to hold above the 1.189 level, in which case I will stick to the bullish potential in the medium term. My targets are 1.1800, 2.200 Regards to R. Linda!
Long
by RLinda
9
IMXUSDT may head to daily support before becoming ultra bullishThe price retested the weekly resistance WR1 and got rejected from there which led to 30% decrease in price. Now price is likely to head for daily support 1 DS1 zone. There can be some upward movement before price starts declining to the DS1 level. However, a very interesting bullish pattern is in making and will complete if the price hits DS1 zone and bounce again to the WR1 region. That would be very bullish for the price action and can push us towards above 2.2 region and probably up to around WR2 zone.
by angela_altair
Trading IMX in a Ranging MarketLet’s see how you can trade IMX in a ranging market successfully! What is ImmutableX IMX? ImmutableX IMX is the native cryptocurrency of the ImmutableX platform. ImmutableX is a layer-2 scaling solution for Ethereum, designed to offer fast and secure trading of non-fungible tokens (NFTs). ImmutableX uses the Ethereum network for security and settlement but offloads the heavy lifting of transaction processing and validation to its own layer-2 solution. ImmutableX aims to be the fastest and most secure way to trade NFTs on the Ethereum network. IMX's performance in 2022: IMX has had a good year so far, increasing about 200% since the start of the year. However, it is currently caught between two levels, which makes it an excellent candidate for range trading. Trading with the Relative Strength Index (RSI) indicator The Relative Strength Index (RSI) indicator is a momentum oscillator that measures the speed and change of price movements. It is used to determine when an asset is overbought or oversold. The RSI is usually an excellent choice to use on coins that are ranging. In this chart above, we traded with the RSI on the 1-Hour chart with the basic settings of Period 14, buy when the RSI is below 30 and sell when the RSI is above 70. This setup brought a profit of 89% since February 1st. This indicates that range trading with the RSI indicator can be a profitable strategy for IMX. Disclaimer: Please take into account that the RSI works well when the market is ranging. When the market is in a downtrend, it will start working significantly worse. Bottom Line: IMX showed significant growth in 2022, and is now ranging. The RSI indicator is a useful tool for trading IMX in its current-ranging market.
by cryptohopper
IMX LONG TERM BULLISH REVERSAL Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. IMX LONG TERM PERSPECTIVE. As we can see price was clearly bearish making clean lower lows and lower highs However, price now got stuck inside this range and around a strong support zone. And since price is no longer strong as before to make new lower lows, it's an early alert that the bulls are preparing, to have a shift in momentum However, we need some confirmation for the bulls to kick in from a long-term perspective, we need a break above the marked major swing high marked on the chart If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
2
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
IMXUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for IMXUSDT In the current chart, R2 and R1 are the resistance areas which contain the unsuccessful attempts of the price to rise. S1 used to be a resistance line. And S2 is our long-term support area at the bottom expressing the well support of price at several points. Therefore, the price could break S1 upward and we see its fluctuation above this area. The existence of a red candle means the price would have another fall to reach the bottom of S1 and then by providing us some confirmation candles for a rise, there is a possibility of an increase up to R1 and even higher than that. You know that in case the price loses the support at any point and falls below S1 area, surely more decline happens to it. We recommend you to have every piece of information and idea via our analyses for receiving more profitable trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
14