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
IMXUSDT.PS trade ideas
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 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
IMX: Resistance BreakoutTrade setup : After a brief consolidation phase around the $1.25 resistance price has broken above it to signal continuation of uptrend, with upside potential to $1.55 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.80 (previous resistance), then $0.55. The nearest Resistance Zone is $1.25, which it broke, then $1.55.
IMX/USDTCRYPTOCAP:IMX I am up 38% in this spot trade, I have taken full profits and I will will trade with 50% of my profits on the breakout!
I will give you some alpha when I set my alerts I do not just set it on the green line and wait for the breakout, it can be a little too late then, what I do is I make another trend line under it and put an alert on there, as you can see the orange line I have drawn is my alert ready to see how we react, if we get rejected by resistance or if we flip it, drawing under it gives me enough time to analyse and make my decision accordingly.
✴️ Immutable X Double Bottom + Next Target 145%-193% + AltcoinsWe are seeing many double bottom patterns showing up, so this pattern can be used now with good accuracy.
When you see an Altcoin forming a double bottom at a higher or lower low, you know that a bullish breakout comes next.
Immutable X (IMXUSDT) is already moving, quite strong to be honest but many Altcoins are still trading near support.
These other Altcoins are yet to move up but here we can see what is coming to those charts.
These Altcoins produced a low late 2022, November/December.
The next move was a strong bullish wave early 2023 followed by a strong correction.
This correction ends either in a higher low, as is the case here with IMXUSDT, or a lower low; Higher or lower low makes no difference. After the correction prices move up.
We have many Altcoins breaking bullish, growing 2-3 digits daily and many others waiting for their turn.
What we see here will continue to happen for many weeks, the strongest bullish wave of 2023.
Enjoy the profits.
Maximize profits.
After this current bullish wave we get another correction, the pre-halving (Bitcoin) correction, followed by a full blown bull-market, that's 2024.
If you are reading this you have great timing.
Thanks a lot for your continued support.
Namaste.
IMX ANALYSIS (1D)The IMX symbol appears to be inside a large diametric pattern. It is not far to expect that it will be inside a diametric. In the last few years, all altcoins have been in complex correction.
For branch F, it can jump up to the red box and then be rejected downwards
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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