IMX long$IMX bounced off the support level and the bullish trendline. Rise to resistance level at 1.06 $ is possible.
IMXUSDT trade ideas
Immutable X (IMX) formed bullish Gartley for upto 33% pumpHi dear friends, hope you are well and welcome to the new trade setup of Immutable X (IMX) with US Dollar pair.
On a daily time frame, STRAX has formed a bullish Gartley pattern:
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
IMXUSDT | KEY ZONEIMXUSDT recently broken the rising support. The price action hold the horizontal support zone. Now the previous rising support acts as a resistance. The rising resistance now confluence with the horizontal resistance zone.
The bulls need to break and sustain above the horizontal resistance. While bears will be in control below the resistance zone.
IMX SHORT +%9TARGET %4 STOPWe need to see 4-hour(maybe daily) closing and selling(negative) candles below the burgundy price line to open a position. The places i marked are possible targets.
The turquoise price line is the monthly resistance zone. You can use that area for stop. Don't forget to like the graphic! Good luck.
IMXUSDT BATBat
The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
IMX shortIMX bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support area at 0.884 is possible.
$IMX in Accumulation Possible short between $1.05 to $1.20. Not financial advice just sharing my knowledge. It is possible we might be moving to the spring region in the next week or two if the accumulation theory is correct. If the price action breaks $1.20 then this theory becomes invalid. If it goes below $0.64 then we should long from there and it would be the best buy(not financial advice) for a very long time. I am not sure how low it could go but I am going to accumulate in those price areas. Please do your own analysis before investing. More info on wyckoff methods here -https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
IMX imaginary pathThis is the path im imagining for IMX.
IMX has had a very good run up, on both the USDT and BTC pairings, so expecting a pull back here. The fact that the IMX/BTC pair is so run up, makes me believe that a pull back to the 0.618 line is very do-able.
I expect some consolidation under this resistance before finally making a break. Time span on this could potential be quite some time though.
Will try post some zoomed out charts below and also the IMX/BTC chart.
Immutable X (IMX) - Higher highs higher lowsOn the above 1-day chart price action has corrected almost 90% since late November. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal.
2) Trend reversal. Higher highs and lower highs in both price action and RSI.
3) Price action is currently confirming support on the Golden ratio.
4) The 2-day BTC pair (below). If you’ve been paying attention to my publications those past 24 hours - wink wink nudge nudge.
Is it possible price action falls further? For sure.
Is it probable? No.
Good luck!
Ww
2-day BTC pair
Timeframe: hold it and forget it for at least 3 months to 1 year.
Return: 10x minimum.
Risk: Not more than 6% of trading portfolio.
IMX LONG 20220629Blue -> Green * n
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
IMX/USDTLong trade with high risk so position should be calculated carefully
I prefer a manual stop-loss
IMX has broken down, time to wait.It is now time to sit on our hands and wait for a good entry for IMX.
This rising ascending wedge technically wants to break down (and it has), ultimately constituting a bear flag pattern, that will now continue the preceding down trend.
If bitcoin were to nuke downwards, then the local low here (bottom of the range) would be a great place to sit.
Option 1 and option 2 make sense to me for longs, but I would argue that they sit a bit to close to then stay in them for any length of time. (Quick scalps here).
IMX short playHeres my thoughts on a little IMX short.
Mindful as always of what bitcoin is doing, but bitcoin has move back into resistance right now.
Targets at support/resistance below.
IMX longIMX broke trough off the upper boundary of descending channel. Bullish movement to support level at 1.07 is expected to happen.
IMX buy zoneIMX has been performing very well over the past few days; it is very bullish.
The green box below is where to long; on a retest of the diagonal resistance (now support), and the horizontal price action below (I like the middle of the wedge serving up as support. Below that you have the rising support line below, which would be the last line to take longs and where you will get the best risk reward.
Best of luck everyone!
IMXUSDTPERPIn this width, we see that the resistance is broken in 4 hours, the set and the candle are closed for 4 hours above the resistance.
IMX back inside the wedgeIMX has bounced back inside this wedge, causing a takeout to the downside and a great long buying opportunity.
To reduce risk we could sit at the support level ~ 0.677 with a stop just below (invalidation point.
Targets wise, first stop you have the historical price action around 0.730, which also lines up nicely with a 0.618 retracement of the recent leg down.
Above that you have the diagonal resistance and then above that (hopefully after a breakout) you have the horizontal price action resistance ~0.8
Clear trade idea with clear stops. :-)
IMX Long - INH&SIMX has had some good fundamental news relating to a partnership with MasterCard lately.
Looking at the chart, Im observing the formation of a possible inverse head and shoulders pattern, with the right should right now forming (hopefully). Inside the right should is a mini inverse head and shoulders if you go to. a lower time frame.
Price targets on the chart.
Watching what bitcoin does closely obviously but the IMX/BTC pair looks healthy.
IMX/USDTI am buying some IMX at 1.5$
my stop-loss is daily candle close below 1.4
my targets are 2 and 2.65$
IMX - Long after false breakdownReasons to take long
⭐️ Accumulation 15 days
⭐️ Formation is clean
⭐️ We are in the end of formation
⭐️ Recently collected liquidity
⭐️ Range is getting smaller
⭐️ 4th touch
⭐️ 50 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
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 and your loved ones
