IMXUSDT.P trade ideas
ImmutableX (IMX) Close to its BottomThe Keltner Channel signs for ImmutableX (IMX) show that the current bear run may stop for a while because the latest candlesticks are slowly reversing from the lower end part of the second half of the channel.
Been dramatically falling from the price region of $4.671, IMX broke many psychological support levels, forming a new lower low every month and now trading at $0.401.
If bears are still taking their place in the IMX market, IMX could break its current support level of $0.385 and reach $0.303.
Support : $0.385 - $0.307
Resistance - $0.739 - $0.614
IMXUSDT | SETUPIMXUSDT has been trading in a bearish trend .
The bearish trend was well respected y descending triangle .
The price has been making lower lows and lower highs.
Now after taking support from horizontal zone, the price has broken above the triangle. .
The bulls can take control from here.
Manage your levels accordingly.
IMXUSDT | BUYING ZONELPTUSDT has been trading in a bearish trend . The price has been making lower lows and lower highs.
Now after breaking some major support, price has approached to strong horizontal support zone .
The price has printed bullish divergence on RSI too.
. The bulls can take control from here.
Manage your levels accordingly.
IMXUSDT | SUPPORT ZONEIMXUSDT has been trading in a bearish trend and currently broken above the falling resistance. The price after some high move now pushed back to horizontal support.
Now the price has approached to a strong bulls zone.
The price from same zone also took support and started its upward move.
Now we are expecting bulls will take control same zone.
Manage your trades accordingly.
IMXUSDT - WATCH OUT❗ Trade with CautionHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
A quick look at IMXUSDT. The chart is not looking strong and at this point, it's looking more like a liquidity ruggpull. However, the team and the website has been confirmed to be real and not a scam so it could make a part of a diversified portfolio. The first target being the previous point with the highest volume at $1.8.
Even though there is upside potential, I would trade this coin with caution and always remember to use a stop-loss !
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
IMXUSDT | DESCENDING TRIANGLEIMXUSDT has been trading under the falling resistance.
The price after breaking multiple supports finally found good support at horizontal zone and bulls show positive momentum.
The price is holding an important support zone.
The bulls need to break the falling resistance.
One can long with stop loss below support zone.
Manage your trades accordingly.
IMX - a promising project or a wrapper?The chart shows us a local break of the trend line.
But the resumption of buying is weak, without positive dynamics.
Possible test of support, which will be a confirmation of successful purchases.
If you like the idea, give it a like. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.