IMXUSDT trade ideas
IMX - a promising project or a wrapper?The chart shows us a local break of the trend line.
But the resumption of buying is weak, without positive dynamics.
Possible test of support, which will be a confirmation of successful purchases.
If you like the idea, give it a like. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Selling IMXusdtHello traders!
Welcome Back to another episode with Analyst Aadil1000x.
IMX has formed a strong bearish pattern and we are selling it from the peak.
IMX sell now, its at 0.7708
Stoploss 0.7822(-1.5%)
Target 1 0.7500(+2.7%)
Final Target 0.7350(+4.6%)
IMX longIMX bounced off the support level. Asset broke trough off the descending trendline. Bullish movement to resistance level at 0.885 is possible.
IMX analysisAnalysis of IMX at the request of a subscriber!
Immutable X is the first layer 2 scalable consensus for NFTs on Ethereum. The project's blockchain eliminates the limitations of Ethereum, such as low scalability, poor user interface, illiquidity, and slow UI.
Users benefit from instant trading as well as zero gas fees to create and trade NFTs without compromising asset security. To achieve this, Immutable X is built using STARK zk-rollups, a technology that Vitalik Buterin considers "comprehensive".
Investors: Sora Ventures, Nirvana Capital, Continue Capital, Coinbase Ventures, Reinventure, Prosus Ventures, Galaxy Interactive, EOS VC Fund, Apex Capital Partners, AirTree Ventures, Alameda Research, ParaFi Capital.
IMX unlocks
The tokenomics of the project is the most important factor in the analysis. IMX is approaching historical lows, there are now 235 million coins in circulation, the maximum issue is 2 billion.
On November 5, 2022, IMX will unlock approximately 350 million tokens, 17.5% of the total supply. The purchase price of funds for private sale is $0.1. Very high chance of falling after unlocking.
The IMX developers seem to have realized that the tokenomics was not well thought out.
The sale of such volumes of coins could bring down the price by 30-50%.
More than 50% of unlocked coins belong to developers. They stated that they will re-lock their coins for 1 year.
The developers are also working to attract new strategic long-term holders to buy any remaining IMX holdings.
From a technical point of view, I would wait for an update of the lays, because the market looks weak, and before the tokens are unlocked, we can see a fall, and perhaps in this range of $0.44-0.50 large volumes will come to buy. However, we see a small but emerging purchase that cannot leave us indifferent and add this coin to the watch list and stay tuned.
IMXUSDT Price Movement Prediction- It looks like IMXUSDT has broken out of trend line.
- Expect to reach at least $0.89 and may be reaching 0.93 and continue to go down.
Stop loss if break down the support.
NFA
IMX - No Gas Fees?Analysis:
- Trend Line
- Support & Resistance
- Supply & Demand
T1: Target 1
T2: Target 2
T3: Target 3
R: Resistance
S: Support
Rocket Ship / Green Trendline: Breakout
Opinion:
IMX will rise over the next few weeks/months
IMXUSDT | READY FOR BREAKOUT ??IMXUSDT has been trading in a range and price seems stable after a downtrend. The price has hold a support zone . The price is currently trading near the falling resistance.
The bulls need to break above the falling resistance and price should sustain above the mentioned horizontal resistance zone.
Trade your levels accordingly.
IMXUSDT $IMX $IMXUSDTHi, I hope you Are having a profitable day today
Buy IMX: 0.87
TP1: 1.46
TP2: 1.71
IMXUSDT | SYMMETRICAL TRAINGLEIMXUSDT has been trading within a symmetrical triangle. The price is currently trading near the upper trendline of triangle. The bulls need to break above the symmetrical triangle.
Trade your levels accordingly.
#Immutable long ideaHello dear Traders,
Here is my idea for #Immutable
Price finds support at monthly pivot S1 line – we had the same scenario at the June S1 pivot line.
Daily inside bar has been formed and we will wait for a close above the y ellow trigger line (0.884$) in the 4h chart to enter the trade.
Profit target 1.3310$ and stop 0.7260$.
Risk Reward ratio 2.6
Please feel free to ask any question in comments. I will try to answer all! Thank you.
About #Immutable
Rank 136 by marked cap
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable X is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.”
Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable X, stated that Immutable X allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable X aims to create a world-class experience for users and developers alike.
Source: Immutable X price today, IMX to USD live, marketcap and chart | CoinMarketCap
About Pivot Lines
The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview.
If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2.
Source: Learn How To Use Monthly Pivot Analysis (forbes.com)
possible Ascending triangle on IMX looking at a possible ascending triangle on IMX with a breakout target of $2.05 to the upside, and thats after we break the previous resistance which would also net about 40% gains with the full breakout target netting 135% gains
Immutable X (IMX) formed bullish Gartley for upto 54% pumpHi dear friends, hope you are well and welcome to the new trade setup of Immutable X (IMX) with US Dollar pair.
In the previous trade IMX pumped well:
Now again on a daily time frame, IMX has formed a bullish Gartley pattern. There is also hidden bullish divergence on the daily chart, as the priceline is setting a higher low and RSI is forming a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
IMX - USDT It's not financial advice.
Don't Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
Buy between - 0.85 - .0.88
tragets - 1 tg - 0.96
2 tg - 1.05
3 tg - 1.20
stop loss - 0.80
@hapiya
IMX Short - Going for correctionReasons to take Short:
⭐️ BTC 100 ATR
⭐️ We coudn't update high
⭐️ Bulls are weak
⭐️ Trendline is clearly seen on daily timeframe
⭐️ 6th touch
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
IMX/USDTIMX/USDT
It is in a long-term downtrend.
He managed to break the roof of the canal weakly.
If it can overcome the resistance of $1.15, the price can rise up to $2.
#IMXUSDT #IMX #BTCUSDT #BTC #ETHUSDT #DOGE #DOGEUSDT
IMX TREND BREAKTHROUGH 24HAs you can see we breakthrough the trend i think if btc hold 22,5k or we breakthrough 24,3k we will see good bull move on the coin and we will see it in 1,8 and 1,9 and the coin has good project and good chart and i hope we re-test the breakthrough and we bounce to 1,90$ , invalid if we get back to the channel inside the trend .. HAPPY TRADING and I’m happy to receive your thoughts .
IMX/USDTCurrently, IMX is looking really good as it is looking explosive at the moment. Upside is clear and invalidation is pretty clear as well. Have fun trading it:). Levels are all provided! Peace
IMXUSDT | TRADING IN RISING WEDGEIMXUSDT has been taking resistance from its previous rising support. The price has took a beat multiple times from its previous rising support now acting as resistance. It is now in uptrend and making higher highs and higher lows while holding rising support. The bulls need to break above the rising resistance. While bears will be active only below break of rising support.
Trade your levels accordingly.
IMX USDT Long Setupdisclaimer:
no 100% strategy result will be correct, institutional trader & force majeur could suddenly change the price. use your money management well.
#Immutable long idea #fintwit$IMX - 4h Chart
Entry: 1.09$
Stop-Loss: 1.05$
Target: 1.33$
Risk Reward Ratio: 5.0
IMX long$IMX bounced off the support level and the bullish trendline. Rise to resistance level at 1.06 $ is possible.
