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Imx

#IMX Waiting to exit the triangle corner patternIt is moving in a medium-term ascending channel, which is currently in the support range and with the construction of lower ceilings, we should probably see a decrease to the specified levels, and then, if confirmed in the specified ranges, it can again raise the ceiling. Re test. ---------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
Long
by alikze
7
📈 IMX Technical Analysis: Horizontal Level Shakeout ! Immutable X (IMX) has been trading on the 4-hour timeframe, forming a substantial horizontal level that acted as a significant resistance zone. Following a strategic breakout from this level, IMX initiated a move to challenge the descending trend line from above. The successful penetration of the trend line signals a breakout strategy's effectiveness, and the anticipation is for further upward movement with a target of $2.50. 🔄 Formation of Horizontal Level: IMX's extended trading within a horizontal range on the 4-hour timeframe marked a period of consolidation and potential accumulation. The horizontal level acted as a formidable resistance barrier, creating a critical zone to overcome for sustained bullish momentum. 🚀 Breakout and Down Trend Line Penetration: The strategic breakout from the horizontal level was accompanied by a decisive penetration of the descending trend line from above. This combination of breaking through a horizontal resistance and overcoming the trend line suggests a significant shift in market dynamics and a potential reversal of the prevailing bearish sentiment. 🔍 Significance of the Breakout: The breakout from the horizontal level and the subsequent penetration of the down trend line are indicative of increased buying interest. Traders and investors may interpret this as a signal to enter long positions, with the expectation of further upward movement. 💡 Target at $2.50: With the successful breakout and trend line penetration, the next target for IMX is set at $2.50. This level represents a key resistance point and a potential area for profit-taking, requiring careful monitoring for potential reactions. 🔮 Future Outlook: The technical analysis suggests a favorable setup for IMX, with the successful breakout from the horizontal level and the penetration of the descending trend line. Traders should closely monitor the price action for confirmation of sustained upward momentum. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions. If IMX continues on its current trajectory, reaching the $2.50 target becomes a plausible scenario.
Long
by AlexWhale
IMX/USDT Breaking out the pattern this is Bullish Momentum !!💎IMX has undeniably garnered significant attention in the market. Currently, IMX has successfully broken out of the descending channel pattern and is currently confronting a local resistance level. 💎 A potential scenario is that if the price manages to break out of this resistance level, it could continue its upward trajectory, with the probability of reaching our target in the bearish OB area. 💎 However, if IMX fails to break above the resistance level, there is potential for a downward movement, which could involve a retesting phase at the support area around 2.08 to establish new momentum. 💎 It's worth noting that there is a possibility of the price retracing to the demand area if the support area fails to provide a bounce and loses its significance. Historical data suggests that the demand area has exhibited strength in supporting the price during downward movements. 💎 Confirmation of a bearish trend would occur if IMX broke down below the demand area and fails to bounce when reaching the Bullish OB area, potentially leading to further downward movement.
by MyCryptoParadise
2
IMX - Potential 430% Swing LongJust a late-night brain dump. I've been trading IMX and WOO for the past 6 months almost everyday and noticed they respect my strategy in similar fashion - so i wanted to look for a correlation between their price action. To my limited FA knowledge, they don't have anything in common at all, but that doesn't matter at all. With fractals, I don't care too much about the internal moves, but mainly pay attention to the swing points. It's pretty straightforward and an easy 430% win at worst if you just sit on your hands for 8-12 months. Could be a lot better if you'd take profit and compound them in between, but sometimes that doesn't end well. Let's see how that plays out.
BINANCE:IMXUSDLong
by cryptokebab
5
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🔑
by AlexWhale
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.
Long
by DEXWireNews
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 $100m, are expected to be released in 2024 and could attract traditional AAA game-level player bases (The Block). The Role of IMX: 🛠️ IMX is an ERC-20 utility token that is integral to the Immutable ecosystem, supporting the functionality and governance of the platform (The Block). FXProfessor's Insight: 🌟 The developments around IMX and Immutable X mark a significant milestone in the integration of blockchain technology with high-quality gaming experiences. 🕹️ Keep an eye on IMX as it positions itself at the forefront of the blockchain gaming revolution, potentially reshaping the gaming industry and crypto space. Stay informed, explore the convergence of gaming and crypto, and let’s witness the growth of IMX in the blockchain gaming arena! One Love, The FXProfessor 💙 Link: www.theblock.co
Long
by FX_Professor
2
**IMX |Major resistance ahead |Break it out for 580% gain**BINANCE:IMXUSDT Hi fam, Thanks for being here. I'm sure you are experiencing a good time in crypto market these days but always remember "every uphill will end to a downhill" so prepare yourself for other side of market soon. As you already know many altcoins recently popped up and returned good profit for all of us. I've checked IMX chart in both weekly, daily time frame and all i can say is currently price reached a critical level of 1.3$. 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.
Long
by bitcharger
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.
Long
by altFINS