long IMXIMX is bouncing off the support level and the ascending trendline. The bullish movement to the resistance level around the $2.5 zone is possible.
IMXUSDT trade ideas
IMXUSDT.Pafter a massive up movement,
waiting for reaching to POI level for long up to 15m OB as target
if breaks down, on 1H OB wait for long . but because of upmovement structure, confirmation is required.
IMX: A Comprehensive Analysis of a Dynamic CryptocurrencyIn the ever-evolving landscape of cryptocurrencies, IMX emerges as a distinctive player. Launched in November 2021, IMX is a cryptocurrency that has attracted attention for its unique features and trading patterns. In this comprehensive analysis, we will delve into IMX's journey, its distinctive characteristics, and its current position in the market.
Understanding IMX
IMX, short for its full name, is a cryptocurrency that operates within the realm of decentralized finance (DeFi). What sets IMX apart is its capacity to facilitate a wide array of financial activities, ranging from lending and borrowing to yield farming and trading. Essentially, IMX is a versatile asset that serves as the lifeblood of the broader DeFi ecosystem, allowing users to participate in various DeFi protocols, often with high liquidity.
Historical Price Movements
Early Momentum and Turbulence: IMX entered the market in November 2021, opening at a price of $6 per token. The initial days were marked by substantial volatility, with a notable 38% gain on the second day of trading. This early surge was indicative of the crypto market's fervor for innovative projects.
Dramatic Ups and Downs: IMX reached its all-time high (ATH) at $9.54 but soon encountered a severe downturn, witnessing an 87% drop. This period was marked by intense selling pressure, with notable price swings in both upward and downward directions.
March 2022 Rally: In March 2022, IMX experienced a remarkable 80% rally over the course of 23 days. However, this rally was met with resistance at the $2.8285 price level, resulting in an 86% retracement.
Reversal and Strong Support: A pivotal moment occurred between November 2022 and January 2023 when a robust support zone at approximately $.3750 was established. This coincided with the detection of a hidden bullish divergence in the oscillator, signaling a potential trend reversal.
Understanding Divergences
Divergence in technical analysis refers to a discrepancy between the price movement of an asset and an oscillating indicator, like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Hidden bullish divergence, as observed in the IMX chart, occurs when the price forms a lower low while the oscillator forms a lower high. This suggests that underlying bullish momentum may be building, potentially indicating a trend reversal.
Post-Reversal Rally: Following the aforementioned reversal, IMX embarked on an impressive rally of 236% in just 68 days, with an additional 280% gain for those who heeded the bullish divergence signals.
Challenges at $1.52: IMX faced significant challenges at the $1.52 price level, which acted as both support and resistance. A Head and Shoulders pattern emerged, further confirmed by a SELL4 signal, prompting a short position.
Understanding the McGinley Strip
The McGinley Dynamic is a technical indicator used in trading to smooth out price data and provide a moving average that adapts to market conditions. The McGinley Strip is formed by plotting multiple McGinley Dynamic lines on a price chart. It helps traders identify trends and potential reversal points. When the price is above the McGinley Strip, it may indicate a bullish trend, while a price below the strip may signal a bearish trend.
Establishment of a Downtrend: IMX moved into a downtrend, as indicated by the money flow, which was flowing out on the oscillator.
Current Market Position
As of September 14th, 2023, several critical developments can be observed:
Golden Dot and Oversold Conditions: A "Golden Dot" has appeared, indicating a cross below the 20 zone, which typically signals oversold conditions. This may hint at a potential trend reversal. Additionally, a triangle formation on the oscillator confirms this reversal sentiment.
Breaking Resistance: IMX has successfully broken through the daily AOI box and a strong resistance level at $.6210.
Crossing the Downtrend: IMX is now trading above the previously established downtrend line.
50 EMA Below 200 EMA: Notably, the 50-day Exponential Moving Average (EMA) remains below the 200-day EMA, suggesting a persistent bearish bias in the market.
Future Outlook
Several factors are crucial in assessing IMX's future outlook:
Confirmation of ROBO Signals: The bullish sentiment should be further confirmed by the closing of candles as confirmation.
Maintaining Key Levels: IMX needs to sustain its position above the $.6210 price level, using it as support.
Crossing EMAs: A cross of the 50 EMA above the 200 EMA could indicate a potential shift in market sentiment.
Resistance and Support: Rejection off the $.6885 level or failure to break the 200 EMA (red line) could indicate a bearish outlook.
Using AOI Lines: Traders can utilize the AOI lines as entry and exit points or to gauge current market sentiment.
In conclusion, IMX's journey in the crypto market has been marked by significant volatility, reversals, and notable technical indicators. As it navigates these challenges, traders and investors must remain vigilant, employing a combination of technical analysis and fundamental understanding to make informed decisions in this ever-changing landscape
📊#IMX is expected to challenge ATH🚀🧠We achieved an increase of nearly 600% in one year, which is very amazing. The current upward trend is good, but there has never been an adjustment at the daily K-line level, so I hope to make a healthy correction before challenging the historical high above. If the price can return to the buy zone, it will be very interesting to watch.✔️
Let’s see 👀
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
from OCT until now this thing almost 5x eddont know much about this project or dont remember. I had this one in my charts and totally forgot everything about this project meaning I never really deep dived on it. What is interesting is seeing how it Five X-ed since October this year. not to mention this one already had a strong hype cycle last year or whatever (rare and usually a singe of a "REAL" project if we see the ever elusive more then one hype cycle)
short IMXCRYPTOCAP:IMX broke through the ascending trendline. Decline to support level at $1.78 is expected to happen.
Immutable Gaming as the Future of fun/ Intergame TransactionsAnother Gaming asset that is going to perform very well over the next bull run, like I always say, "Watch out for teams that grind during the bear market, be wary of teams only functioning during bull runs."
Support Zone: $1.3058
Resistance / Support Zone: $2.0677
Target 1: $3.094
Resistance 2: $3.3619
Target 2: $3.1856
Target 3: $5.4026
What Is Immutable (IMX)?
Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, 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 is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.”
Helios_Capital_Investment
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, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.
Who Are the Founders of Immutable?
Web3 Gaming buy: $IMX "Increasing the affordability, speed, and security of transactions, Immutable X is scaling the Ethereum NFT economy with zk-Rollup technology."
They are currently a dominant web3 gaming infrastructure project especially after partnering with Polygon.
Here's a good recent interview IMX founder: podcasts.apple.com
Web3 gaming narrative is strong. I will be buying CRYPTOCAP:IMX on pullbacks, and expect there may be some resistance overhead at the weekly OB marked on the chart.
Happy Trades,
CD
#IMXUSDT expect a correction of 3-9%SHORT #IMXUSDT
The asset is quite overbought, trading near a strong resistance zone, I expect a correction and an overlap of the fvg. To enter a position from the current price or at the price of 2.33
, I expect from 3-6-9% movement, one averaging at discretion, cross.
IMX can give a good opportunity.Just one of my own ideas, maybe it can provide you with other opportunities.
It is not investment advice.
IMXUSDT: Navigating the Bearish Waves! 📉🌊Introduction: 🌐 Brace yourselves for a thrilling ride in the crypto seas with IMXUSDT! Traders are setting sail on a short position from $2.32, anticipating a correction in this overbought asset. Let's explore the details of this daring trade.
Trade Details: 💰 The short position (#IMXUSDT) sets sail from $2.32, with a stop-loss anchored at $2.61. The rationale behind this move lies in the asset being overbought and trading near a formidable resistance zone.
Technical Analysis: 📊 Navigating the 1-hour timeframe, it's evident that IMXUSDT is treading waters at a strong resistance zone, signaling a potential correction and the crossing of the FVG (Fibonacci Golden Zone).
Expectations and Strategy: 🎯 The plan unfolds with entering the position at the current price or at $2.33. Aiming for a 3-6-9% movement, with potential for one averaging down at the trader's discretion, it's a daring cross into bearish territory.
Trade Target: 📉 The anticipation is set for a 3-6-9% move, as the trader navigates the bearish waves in pursuit of profitable waters.
Conclusion: 🚢 IMXUSDT offers a thrilling opportunity to surf the bearish tides. Traders, fasten your seatbelts, set sail with caution, and ride the waves of potential profits in this exciting crypto journey! 🌊💹
Immutable ($IMX) Hits 20-Month High Gaming tokens are rising again, with Immutable's IMX token as well.
Crypto gaming firm Immutable’s CRYPTOCAP:IMX token has surged to highs not seen since April 2022, rising 77% in the past month to roughly $2.35, per CoinGecko data.
CRYPTOCAP:IMX is up about 428% in the past year and has a market cap of over $3 billion, making it one of the biggest gaming-focused cryptocurrencies. It’s up 11% in the last 24 hours alone.
Immutable, publisher of the NFT trading card game Gods Unchained, has continued to sign games to its upcoming zkEVM network this year, rolled out its single sign-on wallet solution called Immutable Passport, announced a mysterious collaboration with Ubisoft, and saw a number of games using its blockchain and marketplace listed on the Epic Games Store.
While blockchain games remain a niche interest among the crypto-native, development has continued on a number of upcoming games using Immutable, like Shardbound and Guild of Guardians.
IMXUSDT Long PositionEverthing clearly mentioned in the chart
Keep moving your stop loss
Use Proper Risk Management
IMX: Double Bottom and Key Retests! 📈Bullish narrative has been unfolding since the end of 2022. The coin's journey has been marked by significant patterns, including a double bottom, which laid the foundation for a robust uptrend. Here's a closer look at the evolving bullish structure and potential scenarios. 📊🚀
Analyzing IMX Chart: A Bullish Saga Unfolds
Double Bottom Formation:
2022 Catalyst: IMX kicked off its bullish journey with a notable double bottom pattern towards the end of 2022.
September Retest: The significance of this pattern was underscored when IMX revisited the double bottom zone as a substantial support in September 2023.
Pump and Consolidation:
Post-Retest Momentum: Following the successful retest, IMX initiated a notable pump, reflecting renewed market confidence.
Current Consolidation: The coin is currently experiencing a consolidation phase, crucial for establishing a sustainable bullish structure.
Anticipating Further Movements:
Sweep of Local Low: A potential sweep of the recent local low could act as a catalyst for accelerated upward momentum.
Building Momentum: IMX has demonstrated resilience, and a strategic sweep could fuel a faster-paced ascent.
Trading Strategy Considerations:
Sweep Confirmation:
Technical Confirmation: Look for clear technical confirmation of a sweep of the local low.
Volume Analysis: Validate the move with a surge in trading volume, signaling market participation.
Risk Management:
Protecting Gains: For those already in a position, consider safeguarding gains with well-placed stop-loss orders.
Entry Points: Traders looking for new entry points should exercise patience and wait for confirmation signals.
Price Outlook:
Optimistic Scenario: A successful sweep and confirmation could pave the way for a bullish trend continuation.
Conclusion:
IMX's chart presents a compelling story of bullish resurgence, with the double bottom acting as a foundational element. As the coin undergoes consolidation and potential sweeping maneuvers, traders and investors should stay attentive to possible entry points and confirmation signals.
❗️Get my 3 crypto trading indicators for FREE!
Link below🔑
Immutable Climbs 10% While Most Gaming coins Fall With BTC & ETHIMX is bucking the downward trend Monday following VanEck’s recent vote of confidence in crypto gaming platform Immutable.
The broader market may be down about 5% over the last 24 hours, per CoinGecko, but IMX has climbed a total of 10% during that span to a current price of $2.00. The price did dip briefly late Sunday along with other top tokens, but then quickly rebounded, popping as high as $2.06 early Monday. That’s a 20-month high for the gaming token.
Immutable is an Ethereum gaming platform that’s based around the current Immutable X scaling network, as well as the upcoming Immutable zkEVM network powered by Polygon zkEVM. IMX is now up 41% in the last week alone, pushing the token to an 83% jump in the last 30 days.
Following recent collaboration announcements with Amazon and major game publisher Ubisoft, IMX may have also seen a recent boost following a vote of confidence from investment firm VanEck late last week.
IMX (Immutable X): Riding the Wave of Gaming Revolution🎮 IMX (Immutable X): Riding the Wave of Blockchain Gaming Revolution! 🎮
Hey Gaming and Crypto Enthusiasts! 👋 The FXProfessor here, diving into the fascinating world of IMX, the token powering the Immutable ecosystem. Let's explore the exciting developments catapulting IMX into the spotlight.
Surge in IMX Value:
📈 IMX token recently experienced a significant surge, with a 7% rise in a single day, reaching $1.56. This uptick is attributed to the anticipation of new blockchain-based video games like Illuvium (The Block).
🚀 Investment manager VanEck predicts that IMX could become a top 25 coin by market cap, especially with the upcoming release of big-budget games in 2024 (The Block).
Impact of Upcoming Releases:
🌐 Illuvium, built on ImmutableX’s blockchain using Unreal Engine 5, is developing multiple titles aimed to rival top non-blockchain games. This project is gaining traction, potentially driving mainstream adoption of web3 gaming (The Block).
💥 VanEck analysts are bullish about IMX's prospects, citing the impact of multiple AAA games built on the Immutable platform. These games, funded with over $100m, are expected to be released in 2024 and could attract traditional AAA game-level player bases (The Block).
The Role of IMX:
🛠️ IMX is an ERC-20 utility token that is integral to the Immutable ecosystem, supporting the functionality and governance of the platform (The Block).
FXProfessor's Insight:
🌟 The developments around IMX and Immutable X mark a significant milestone in the integration of blockchain technology with high-quality gaming experiences.
🕹️ Keep an eye on IMX as it positions itself at the forefront of the blockchain gaming revolution, potentially reshaping the gaming industry and crypto space.
Stay informed, explore the convergence of gaming and crypto, and let’s witness the growth of IMX in the blockchain gaming arena!
One Love,
The FXProfessor 💙
Link: www.theblock.co
IMX long attempt after rapid recovery.Green box is a good level for long attempts. After the dump of BTC, IMX went for a rapid HH so retrace to the 1.7x-1.8x's would be a chance for another HH.
IMX NEW VOLUME INCREASEThank you for reading this update.
Depending on our study we see that IMX has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
**IMX |Major resistance ahead |Break it out for 580% gain**BINANCE:IMXUSDT
Hi fam,
Thanks for being here.
I'm sure you are experiencing a good time in crypto market these days but always remember "every uphill will end to a downhill" so prepare yourself for other side of market soon.
As you already know many altcoins recently popped up and returned good profit for all of us.
I've checked IMX chart in both weekly, daily time frame and all i can say is currently price reached a critical level of 1.3$. This is a major level for overall trend of this coin. price once made several touched to this level previously and made a deviation above that ended in rejection eventually.
regarding overall condition of market (i expect to see a minor correction) and chart it self (RSI overbought +MACD in H12 is red +BB upper boundary rejecting the price in D1+Stoch RSI in W1 is overbought).
i believe price will give me the opportunity of buying IMX around 0.9$ which is a 10% discount and of course an aggressive buying move.
0.9$ is where kij & tenk of ICHI cloud located and getting flat.
0.9$ is MA20 in W1 time frame.
0.8$ to 0.9$ are the last broken resistance and last known support for this trend.
|But why I'm buying IMX ?
Price located above MAs in W1 time frame.
MACD in W1 is green and getting stronger.
Price printed an ascending channel which give us 9$ as upper boundary of channel (sitting around fib. level of 8)
Trend broken the W1 bearish dynamic resistance trend line and closed above.
Price printed a harmonic XABCD bearish BAT pattern that will end D leg touching upper bound of channel.
There are more parameters that i checked but i will as always ask you to DYOR.
