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IMX / TetherUS

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IMXUSDT trade ideas

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.
Short
by Sypool
1
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.
Long
by altFINS
2
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.
by MyCryptoParadise_Nathan
17
IMX 80% move Incoming? Strong Case for Head @ Shoulders setup.Not financial advice and all charts are posted under current market conditions . Please do your own research. IMX has a strong setup here that has me to believe a leaning head and shoulders setup is playing out with entry in the range of around .50-.52c. I believe below this was a bear trap and as long as .50c area holds we can aim for a target of around 1.00-1.11 range upon completion of head and shoulders. You can even take profits as it moves up. Again .50c is key to hold overall. Risk to reward favors Reward by roughly a little over 80% . Not to shabby. Also of note we are holding the bottom channel of the Gaussen channel currently with the bottom of that channel spiking up. Also a great sign. Lots of hype and and good crowd backing behind this project. Comment like and follow and for more market insights come see us at exmostudy
Long
by PIKandExmoStudy
5
IMX/USDT is Showing Bullish Momentum | Immutable Analysis💎 IMX/USDT is currently navigating a descending channel, with a potential breakout on the horizon. 💎 If this breakout happens, it's poised to catalyze a projected impulsive surge. 💎 Notably, there's a confirmed order block in the shorter timeframe. Due to existing liquidity, the price is anticipated to gravitate toward these levels. 💎 In a previous phase, demand transitioned to supply, leading to a marked price decline and aiming for the prior OB. 💎 In the ever-fluctuating crypto landscape, being updated and flexible is essential. Keep a lookout for further insights and savor your trading voyage.
Long
by MyCryptoParadise_Nathan
IMX Big BullsHello Traders! Welcome back to another trade with analyst Aadil1000x. Strong bulls are ready to dive in IMX and these bulls will take IMX to previous High. IMX Buy Now @ 0.7017 Stoploss 0.6728(-4%) Target 1, 0.7465(+6.3%) Final Target 0.7961(+13.59%) Tolls/Indicators >Directional Trendline >Entry SMA 6 vs EMA 6 Cross, RSI(11 RSI length above 6 MA) >Strength Volume Indicator >Exit/Target strategy A1000x TR point Strategy >Impact LaRSI I am using an A1000x Breakout Strategy that relies on trendline Breakouts to determine the trade direction. Additionally, I utilize Indicators to determine whether to enter the trade or abstain from it. Remember to click on the "like" button and follow to stay connected.
Long
by Aadil1000x