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Imx

IMX/USDT ascending channel bullish horizons? 🚀IMX Analysis💎 Paradiser, let's closely analyze #IMXUSDT. It displays clear indications of an imminent significant move originating from a crucial demand level. 💎 #immutable is currently experiencing an upward momentum, nicely following an ascending channel, which suggests a potential continuation of bullish trends. Our anticipation is a retest at the demand level of $2.7450, laying the groundwork for sustained upward movement. A successful retention above this level for #IMX might pave the way for a notable resistance zone at $4.1504. 💎 However, should CRYPTOCAP:IMX face challenges in maintaining its position above the demand, a strategic reassessment may be necessary. In such a circumstance, we would contemplate redirecting our attention to a bullish ascent emanating from a lower support level at $2.4430. Vigilance over this level is imperative, as a failure to uphold it could signal a shift towards a more bearish trend.
Long
by MyCryptoParadise
Previous Resistance ZoneBased on the weekly and daily charts, we have witnessed the complete breakdown of the previous resistance zone. This event is followed by a pullback to the level that had been breached earlier. Such a pullback movement could signify the confirmation of the resistance breach and a change in trend direction. Observing a consolidating candlestick at this level suggests that the IMX price trend may accelerate in an upward direction, aiming for higher price targets. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
IMX/USDT Indicating continue the upward movement if breakout!💎 IMX has recently exhibited noteworthy market dynamics, bouncing from the support of a bullish pennant pattern, signaling a potential upward movement toward testing the resistance of the same pattern. 💎 A successful breakout above the pattern's resistance could pave the way for further upward momentum, possibly reaching our target area. 💎 However, if IMX breaks below the support trendline of the pattern and subsequently breaches the demand area, it will indicate a reversal to a bearish trend. In such a scenario, the price may embark on a downward trajectory, targeting the support area around $2.59. 💎 IMX must bounce decisively from the support area to sustain its upward momentum. Failure to do so, coupled with a breakdown below the support area, would confirm a return to a bearish trend, leading to continued downward movement, possibly towards stronger demand zones.
by MyCryptoParadise
IMX - Time to buy for a quick 157% profitIMX looks good. The price is inside this bullish parallel channel, and we have a falling wedge pattern that is currently breaking out. It can also be a bullish flag, which is even better if it's true. IMX has strong fundamentals, and the whales are buying. They accumulated IMX at much lower prices, and now they want to send it to the moon to make huge gains. We, as traders, can take advantage of the high volatility and trade it for the short term. A 157% profit is pretty good if you buy this coin on the spot market. Take a profit at the top of the parallel channel. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Immutable (IMX)? Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.” Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
6
IMXUSDT Bullish Surge from Demand Zone? 🚀 ImmutableX💎 Paradisers, gear up for an exciting trading moment with #IMXUSDT, showcasing signs of a bullish continuation from its vibrant demand zone and FVG. 💎 Treading through #ImmutableX journey, it's been ascending from a key supply level at $3.3580. Despite a brief slowdown, we're setting our sights on a bullish leap from the demand level of $3.1640. Maintaining momentum here could kickstart the bullish trek we're envisioning. 💎 If the drive behind #IMX starts to wane, anticipate a dynamic recovery from the robust demand at $2.8882. With the area's rich liquidity, we're optimistic about a bullish ascent from the Bullish OB. However, a fall beneath this pivotal point could signal a shift towards a more pronounced bearish trend.
Long
by MyCryptoParadise
#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