IMXUSDT trade ideas
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.
#IMXIn the 30 -minute time, there is a move in a short upstream channel that can move to the floor of the channel of the support range in case of a positive reaction to the channel ceiling. Otherwise, with the defeat of the 2.14 area, it can be more corrected.
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.
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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.
iMX Immutable X: $5.0 | your first 10x++ for 2022
body clock: LRC and MATiC (POLYGON)
handler: the usual suspects + Coinbase Mafia
catalyst: Customer acquisition Program (fresh funds)
fundamentals: Layer2
www.immutable.com
IMXUSDT ready to go upHi traders
ImmutableX (IMX) is a layer-2 scaling solution, providing an NFT infrastructure on the Ethereum
blockchain. With the mission of powering the next generation of Web3 games, ImmutableX aims to
improve both the experience of users and developers by offering seamless gameplay, lightning-fast
transaction speeds, and gas-free, fully carbon-neutral NFT minting.
When it comes to technicals:
IMXUSDT has been in a short term downtrend which has been a consolidation after the impulsive move.
It reached the key horizontal support and now it may be ready to go for another short-term run again.
Entering long now at the horizontal support is justified but you can also wait for a price to break the downsloping resistance.
Target: 1.49 usdt
Short Idea IMX Got alert on this one 🕐. Looking at the current market position and a few knocks i was hesitant 😕 to take it but now i am in this from here.
GL to me.
Short Entry Dcaing in between 1.36-1.40
Tp levels 1.02 and 0.84
Sl will be cutting the trade if it holds above 1.40-1.42
Note: Risk management is very important.
Note: Not a Financial Advice.
IMX/USDR short setupwe are about to ger in serious correction for most of pairs .we are looking 20-30% for first move to down side ,for entry DCA from current price to 1.4 if there is chance .
DYOR
IMX/USDT short termNot a financial advice
Looks to me like there is only way up currently. As BTC is going to break 38k soon, IMX is just going to follow this general trend. Short term targets are here
IMX coming downIMX looks like going down here with the double top parttern and low volume when back test in second top. RSI also show the regular divergence that give us a signal of weakness.
IMX buying zone I see that the red zone as a good zone for buying IMX .(for investment only)
if BTC bottom at 14-10 k , IMX would bleed more with the other ALTS .
not a financial advice , only for entertainment purpose .
Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for example 30% now and the rest when prices reached the area mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine .
thank you
