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IMXUSD

ICXUSDT (Icon) and the Range-Trading Conundrum🌟In the ever-evolving world of crypto, ICON (ICX) against USDT (Tether) presents an intriguing narrative. To comprehend this evolving scenario, we delve into the recent price action and pivotal technical indicators. 🌟Today, ICXUSDT witnessed a notable event – a clean rejection transpired at the 88.6% Fibonacci resistance level. This particular price juncture has significant implications, indicative of both short-term price dynamics and broader market sentiment. Concurrently, this level aligns with a robust supply zone that has established itself over the preceding six months. 🌟This confluence of technical factors spotlights the prevailing dominance of sellers within the IMXUSDT market. A critical aspect contributing to this bearish bias is the resolute failure of bullish forces to conquer the formidable supply zone. Their inability to breach this critical threshold amplifies the control wielded by sellers in this market. 🌟Furthermore, as we dissect the prevailing market structure, a compelling proposition emerges. The potential existence of a substantial range-trading zone complicates the traditional conception of trend dynamics. Instead, it sets the stage for more lateral price movements, rather than a decisive trend. This observation underscores the intricate and finely balanced market sentiment surrounding ICXUSDT. 🌟In summation, with a heightened degree of confidence, it can be projected that the cryptocurrency's price will endeavor to navigate a southward trajectory once more. This projection prompts a vigilant assessment of two critical price zones. 🌟The initial zone, situated around the 61.8% Fibonacci support, near $0.18, signifies a minor demand zone. Additionally, its position within the broader price structure of IMXUSDT marks it as an area where buyers have historically exhibited a propensity for engaging in significant market activity. 🌟Subsequently, the second zone, at approximately $0.15, gains prominence as it aligns with the establishment of a double bottom pattern within the ICON price narrative. This double bottom formation underscores the region's inherent capacity to serve as a robust demand area, historically attracting buyers and fueling market demand. In closing, the ICXUSDT market offers a nuanced tapestry of resistance levels, supply zones, and historical support regions. Navigating these complexities is essential for traders and investors, as they seek to formulate well-informed strategies within this ever-dynamic crypto landscape.
Short
by CryptoPAMM
IMXUSD Just hit the 1D MA200! Another rejection?Immutable X (IMXUSD) is seeing a huge rally today, almost +50% so far, that has hit the 1D MA200 (orange trenf-line) and the top (Lower Highs) of the Channel Down. The previous 1D MA200 test (July 28) was a clear rejection and what started August's massive -46.80% decline. The last such decline (-46.95%) was in May/ June, the first sell wave within the dominant Channel Down pattern. We are willing to buy every 1D MA50 (blue trend-line) pull-back and target the Higher Highs trend-line at 1.03500. If on the contrary the price breaks below the Higher Lows, we will sell and target a little above Support at 0.48000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:IMXUSDLong
by TradingShot
4
IMXUSD Hit the 1D MA200, buy signal if it closes above it.Immutable X (IMXUSD) is trading within a Channel Up pattern for exactly 1 year (since the July 30 2022 High). The price hit today the 1D MA200 (orange trend-line), breaking above the horizontal 0.236 Fibonacci retracement level while reaching the 0.236 Fibonacci Channel level. This is a sequence of Higher Highs, thus a technical uptrend. The last time when all those conditions were met was on January 22 2023 and what followed was an aggressive rally nearly as high as the previous Channel Up top. If the 1D candle closes above the 1D MA200, we will buy and target the 0.786 horizontal Fibonacci level at 1.3850, also at the top of the 0.5 - 0.618 Channel Fib Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:IMXUSDLong
by TradingShot
2
Failed Inverted Head and Shoulders pattern on Immutable(IMX)!!!Immutable has been moving between two 🔴resistance($1.3-$1.8)🔴 and 🟢support zones🟢 for about a year. Also, Immutable failed to execute the Inverted Head and Shoulders Pattern correctly, and it seems that the resistance zone break was accompanied by a 🐻bull trap🐻. I expect Immutable to go down again to the 🟢support zone($0.78-$0.$0.63)🟢. Immutable Analyze ( IMXUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
Technical and Fundamental Analysis of IMX/USDTTechnical and Fundamental Analysis of IMX/USDT: IMX has shown impressive gains of 109% in just 8 days, making it an attractive investment option for traders. However, a comprehensive analysis is necessary to make informed decisions while trading IMX/USDT. Technical Analysis: According to the chart analysis, there is a likelihood of some retracement from the current levels. The immediate target price for IMX/USDT is expected to be $1.10. The 0.50 Fib level also coincides with this target price, making it a significant resistance level. Based on these factors, there is a high chance that the price may test the $1 level in the near future. Therefore, traders are advised to keep a close watch on the price movements to avoid any losses. Fundamental Analysis: The current market capitalization of IMX stands at $1.29B, with a circulating supply of 868,583,515 IMX tokens. The maximum supply of IMX tokens is 2,000,000,000 IMX. These figures indicate that the market is relatively small, which can lead to significant price fluctuations in response to any news or developments. Furthermore, the next token unlock is scheduled to take place on 25 March 2023, in just 6 days. This event is expected to cause some volatility in the market, which can lead to a price drop of 10% to 30% from the current levels. The token unlock will release 18,075,990 IMX tokens, which are valued at $26.75M. Conclusion: In conclusion, while IMX/USDT has shown promising gains, traders should be cautious and keep a close watch on the price movements, particularly with the next token unlock just around the corner. The technical analysis indicates a potential retracement, with $1.10 being the immediate target price. The fundamental analysis suggests that the market is relatively small, and any significant event or development can cause considerable price fluctuations. Therefore, traders should make informed decisions and practice safe trading practices to avoid any potential losses.
Short
by CryptoPatel
2
IMX/USDT Main trend (part)Logarithm. Time frame 3 days. The main trend (part). The idea shows the true highs of pumping $9.3172. From the peak, the price has dropped by -95% (acceptable for such altcoin HYIPs). Minimum $0.376. The price is now $0.72 after working off double bottom targets. The price has gone to an important mirror resistance. Schematically, conventionally, showed the potential movement. It is also worth noting that this cryptocurrency is associated with a gaming HYIP, hence, in addition to the market cycle, the price is significantly affected by the real application of this protocol in the gaming industry. ICO — $0.16. It is worth noting that the ICO took place in November 2021. Price $0.16. This is what the trend looks like on the line chart.
by SpartaBTC
35
IMXUSDTPERPThe comments and recommendations contained therein are based on the personal opinions of those who comment and advise. These views may not be appropriate for the financial statements and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır. Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.
Long
by MeroLaika
2