#IMXThe hourly time is pulling back to the broken resistance, which can continue to grow up to the specified areas and retest the resistance again.
IMXUSDT trade ideas
IMX "Unlocking Potential: The Perfect Entry Point for Profits **Short Fundamental:**
Immutable X (IMX) is a layer-2 scaling solution for Ethereum that is designed to enable gas-free trading of NFTs. IMX is built on top of StarkWare's STARK technology, which allows for thousands of transactions to be bundled together and processed off-chain, before being finalized on the Ethereum mainnet. This significantly reduces the cost and transaction time associated with trading NFTs on the Ethereum blockchain.
**Recent News:**
* On November 3, 2023, Immutable X announced that it had raised $200 million in a Series C funding round led by Temasek. This brings the total amount of funding raised by Immutable X to over $450 million.
* On November 2, 2023, Immutable X announced that it had partnered with GameStop to launch a new NFT marketplace for video games. The marketplace is expected to launch in early 2023.
* On October 31, 2023, Immutable X announced that it had integrated with MoonPay, a fiat-to-crypto onramp provider. This allows users to purchase IMX tokens directly with fiat currency, such as USD and EUR.
**Disclaimer:**
This article is not financial advice. Please do your own research before investing in any cryptocurrency.
ImmutableX (IMX) Continued Growth Despite Market Behaviours
Unlike other altcoins, the momentum on the IMX chart hasn't been as pronounced, presenting an opportunity for substantial future growth. Since October 19, the asset has increased by 30%, a relatively modest gain compared to other alternative cryptocurrencies.
At present, the IMX price is caught between a support zone of $0.608 and $0.632. If the uptrend continues, IMX's price could potentially reach $0.725 and $0.766, levels that were hit during ImmutableX’s surge on September 21.
Should the BTC chart depict a downturn, IMX could retest the support zone at $0.560-$0.580, as well as the $0.545 level. These marks may need to be tested as a technical correction before any further increase.
IMXUSDT's Risk-Reward Potential for Sellers⚪IMXUSDT has demonstrated prolonged respect for the supply zone, affirming the endurance of the long-term downtrend.
⚪This suggests a potential continuation of the price decline.
⚪The current upside pullback, though, presents an appealing risk-reward opportunity for sellers. 📉👀
Trade setup already shared in our channel!
IMX/USDT planning for bullish move? 👀 🚀 IMX Today analysis💎Paradisers, IMXUSDT! We've observed a compelling shift as it breaks free from its descending channel, setting the stage for a potential bullish surge.
💎 For quite some time, IMX has been tracing the contours of a descending channel. However, in the shorter time frame (LTF), it has successfully breached this channel.
💎 We're confident in its potential to embark on a bullish trajectory and challenge the overhead bearish OB. Additionally, its current positioning within the demand zone amplifies the bullish outlook.
💎 However, always be prepared: if the price dips below the pivotal support zone, we might see a pronounced bearish downturn.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
Is IMX in a Wyckoff distributionWas just playing around with IMX and looked to be in a Wyckoff distribution.
This is just some playing around and looking at the Wyckoff schematic.
Personally I think most coins are in distribution just now.
See what you guys think
IMX Next Support & ResistanceIMX Next Support & Resistance
0.436424484
0.557572987
0.669045101
0.744555462
0.845145345
0.957650251
IMXUSDT-IN BULLISH TRENDIMXUSDT is in a bullish trend and is making a series of HHs and HLs, bulls take the price from exact support with a strong upward direction, what do you think about this? let me know.
Wait for a breakout | Long BiasChart 1H TF
After pullback and created accumulating phase then bounce back from 0.56
Now, it's trading at 0.587x
If IMX can break and close above Resistance at 0.59 I expect the new bull run for IMX go up to at least 0.64 and higher
Wait and see
IMXUSDTIMXUSDT is trading in fine bullish trend and maintaining well the bullish trendline.
Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from the chart.
Currently the price is retracing to the inclining trendline and again it is being expected that the bulls are ready to attack.
if bulls take the charge this time too the next target could be 0.6550
IMXUSDTThere is no Divergence Formed.
There is a Bearish Flag Which gives a signal to the continuation of Trend.
Important Support Levels are marked on the Chart.
Brief Analysis——IMXIMX saw a significant rise last week, but the it turned negative in the following days.
IMX is a token developed by the project Immutable X. Immutable X is a Layer-2 solution built on the Ethereum blockchain, aimed at addressing issues such as high transaction fees and transaction speed delays, especially in the NFT (Non-Fungible Token) space. During the rise in September, the project did not release any good news. The rapid rise in price was mainly driven by the exchange Upbit in South Korean.
We can see the same situation on IMX as previously for many other tokens via the WTA indicator. But this time the whale's action was clearer.
First, in the green rectangle, we can see that whales began to flow into IMX while the price remained volatile. Although the blue column representing the whale is not obvious after being compressed, whales have participated in the transaction for four consecutive days. This is a bottom-buying behavior before pulling up. After that, the long green candle appeared and the price increased by almost 35%. On most other tokens, when whales outflow, participation will decline or even disappear, and price will continue to fluctuate to help whales reap profits. But for IMX, we can clearly see that when the long red candle appears, the blue column does not have disappeared, and whales participate in the transaction, which shows that whales are urgent to close long positions. After such a situation occurs, most gains will be given back in the future.
We can see that IMX has rebounded in recent hours, but on the WTA indicator, only retail investors are participating in transactions. Judging from the performance of whales closing long positions last week, the decline may not be over after losing the support of whales.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
IMX: Approaching SupportTrade setup : Following a bearish breakout from an Ascending Triangle pattern, price resume its downtrend. It briefly broke below $0.55 support, which held up in June, but recovered with huge volumes and spiked back up to $0.80 resistance (also 200-day moving average) where it got rejected. It needs to break above those levels to resume uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.55, then $0.40. The nearest Resistance Zone is $0.80, then $1.25.
Wyckoff Accumulation SchematicIdentified this early as it was developing and continued adjusting and watching to see the elements of the schematic get formed. Was able to quickly determine that price would break UP out of this accumulatyion range and able to set purchase orders on the retest of the SOS
$imx potential buy TRADECRYPTOCAP:IMX 🎯 pumped and rejected from daily bearish OB
I will be BUY in green zone ( bullish OB ).
IMX will move 56% after dump on 13% from my POE. RR 1.5 This will happen, because we need to take liqudity
And also, we have this falling wedge
Why my thoughts about we need to fall on 13%
IMXUSDT - A crazy volatile coinWe will seek profit during the bear season to save for the bull. Let's manage capital and leverage wisely
Entry: 0.577-0.585
Tp: x2
Stoploss: 0.529
IMX/USDT Starting Accumulation, Bullish Momentum ??? Hello Paradisers, Token to Keep an Eye On!
💎 IMX has been rejected twice after reaching a strong demand zone. The hourly chart displays a double bottom pattern, signaling a favorable entry point.
💎 IMX is likely to test its supply zone next and will need to break through to sustain an upward trend. The presence of a strong green candle indicating bullish rejection is usually a sign that upward momentum and accumulation are underway.
💎 Should IMX fail to maintain its position in the strong demand zone, it's likely to drop to the Bullish Order Block (OB) area, where we can expect a significant rejection and a gradual break through the supply levels.
IMXUSDTIMXUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.52 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
