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IMX / TetherUS PERPETUAL CONTRACT

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IMXUSDT.P trade ideas

IMXUSDT Chart Update in 3-Day Timeframe.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: IMX has been in a downtrend for over three months, with the price dropping almost 63% from $3.76 to $1.38. Currently, the price is holding support at $1.44, and a rebound will likely push the price toward the $1.8 to $2 resistance (50EMA). The downtrend in IMX is likely to continue for one specific reason: the upcoming token unlock. In 10 days, IMX will unlock 32.47 million tokens, which is 1.62% of the maximum supply. There's a high chance that selling pressure will increase once the tokens are unlocked, which will eventually drop the price. Key Observations: ~ Primary Support: $1.44. ~ Lower Support/Entry: $0.68. ~ Primary Resistance: $1.8 to $2. ~ Higher Resistance/Target: $3.4 to $4.5. DYOR. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE #Altcoins
by Cryptorphic
IMX Analysis: Daily Review and Bitcoin Update🔍Let's dive into today's analysis. Today, we're focusing on the IMX coin, examining it in the daily timeframe. But before we get into that, as usual, let's review the daily Bitcoin analysis and provide an update on yesterday's analysis in the 1-hour timeframe. 👑 Bitcoin Analysis 1-Hour Timeframe Bitcoin analysis is in the 1-hour timeframe. As mentioned yesterday, the market needs to establish a new structure. Given that today is Saturday and market volume is low, it is advisable not to open any positions today and tomorrow. 📈 After the recent drop, we saw a slight upward movement with very low volume, which appears to be a pullback to 64530, overlapping with the middle line of the descending channel. If selling volume enters the market simultaneously with a rejection from this area, despite it being Saturday, I might open my position with less risk. The target for this position could be the channel's bottom or 63343. 🔑 Breaking 44.53 can be a good confirmation for this risky short position. ⚠️ Currently, I don't have a trigger for a long position and won't open one until buying volume enters the market. If you want to open a long position, breaking 64530 could be suitable, but I don't recommend opening a position with this trigger, and I won't either. 🎮 IMX Analysis 🔫Overview IMX operates in the field of crypto games, providing infrastructure for other projects. It allows both game creation and gameplay within its ecosystem, making it a comprehensive platform for enthusiasts of crypto games and play-to-earn models. 📅Daily Timeframe Looking at the chart in the daily timeframe, the first thing that stands out is the head and shoulders pattern, with its trigger already activated. This pattern emerged from the coin's upward movement from 0.4915 to 3.6567, with the trigger appearing at the 0.382 level. Upon breaking this trigger, we can aim for the targets indicated in the chart. 🎯 The first target is the 1 Fibonacci extension point on the downside, overlapping with the 1.2463 support, forming a strong area. The second target is an extremely strong area for several reasons: it is the 1.618 Fibonacci extension point and one of the most important support levels for this coin. Additionally, it is the 0.786 Fibonacci retracement point and the first target of the head and shoulders pattern. 🔻 Currently, the trend for this coin appears bearish. Breaking 23.75 in RSI can introduce more downward momentum into the market. However, for a long or spot purchase, I'll wait until the price moves above the 1.7739 area and RSI breaks 39.60. Only then will I consider a long position. 📝 In summary, while the current market sentiment for both Bitcoin and IMX is bearish, careful observation of key levels and triggers can present potential trading opportunities. For Bitcoin, caution is advised with low market volume over the weekend. For IMX, the head and shoulders pattern indicates possible downward targets, but significant levels must be watched for potential reversal signals. Always wait for volume confirmation to avoid false moves and optimize your trading decisions.
Short
by itsparham96
2
IMX Head & Shoulders !Is the Active Head and Shoulders Pattern Forming? An intriguing yet risky topic. Intriguing because we have formed a head and shoulders pattern in a semi-bullish market. If Bitcoin, with its high dominance, corrects, our head and shoulders pattern could activate, with the first target being the ($1.21 - $1.06) range and then the final target being $0.80. This could be dangerous for those holding this currency. All of this could happen if we see a daily timeframe candle close below the $1.64 range and wait for a pullback or confirmation candle. Are we going back to crypto hibernation? What do you think? This is just an analysis and not financial advice at all. This may not happen and the complete opposite could take shape. I'm just sharing something intriguing with you.
Short
by Crypto-Oracle1
IMX Targets $1.89IMX has lost support and is now trading below the Value Area Low, signaling a selling imbalance. The next area of support (Demand Zone), sits at $1.89. With a nice reaction from that level, a solid bounce and follow. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
IMX Long Trade SetupCurrent Situation: IMX has experienced a sell-off this week but might be poised for a reversal. The current ENTRY box offers a favorable setup, incorporating multiple levels of confluence such as trend, 0.786 Fib, horizontal supports, and a reset Stochastic RSI on 12-hour and daily timeframes. Trade Strategy: Entry Point: Enter a long position within the $2.15 to $2.10 range. Take Profit Targets: First Target: $2.26 Second Target: $2.39 Third Target: $2.53 Stop Loss: Set a stop loss at a candle close under $2.09 to manage risk. Risk Management: Watch for weakness into the ENTRY box to reduce stop-loss risk. Be mindful of leverage, as losses are amplified if the trade goes against you. Alternative Long Zone: If the current setup fails and IMX drops further, consider entering a long position in the $2.03 to $1.99 region. Stay cautious and good luck with your trading! 📊📈 #Crypto #IMX #Trading #LongTrade #EntryPoint #TakeProfit #StopLoss #MarketAnalysis #Cryptocurrency #Blockchain
Long
by Richtv_official
IMX/USDT Ready for a Bullish Reversal From a Key Support💎Attention Paradisers, There’s a vibrant opportunity for a bullish rally as #IMXUSDT is firmly following on the support of an ascending channel. Currently, it’s maintaining its stance at $2.204. With solid support at this level, #IMX is well-positioned to challenge and potentially break through the bearish order block located just above. 💎However, if #Immutable falters and descends below the $2.204 support, it might signal a weakening bullish force, potentially spiraling into a bearish trend. The next critical support zone lies at $1.98, a region known for its vigorous liquidity and history of sparking substantial upward corrections. 💎If CRYPTOCAP:IMX revisits this demand zone, securing a strong rebound is imperative to sustain bullish intentions. A failure here could amplify bearish pressures, sour the market outlook, and push prices to even lower thresholds. 💎Stay alert and adaptive, Paradisers. Your ParadiseTeam is continuously monitoring the market to ensure you’re well-prepared to navigate the dynamics of the #Immutable market. MyCryptoParadise iFeel thesuccess
Long
by MyCryptoParadise_Simon
IMX Long Trade SetupCurrent Situation: Price Level: IMX is trading at a support level, making it an ideal entry point for a long trade. Trade Strategy: Entry Point: Enter a long position between $2.20 and $2.30. Take Profit Targets: First Target: $2.55 - $2.65 Second Target: $2.85 - $3.00 Stop Loss: Set just below $2.20 to manage risk. Summary: IMX is currently at a strong support level, providing a good opportunity for a long trade. Enter between $2.20 and $2.30, with take profit targets set at $2.55 - $2.65 and $2.85 - $3.00. A stop loss just below $2.20 will help to mitigate potential losses.
Long
by Richtv_official
IMX/USD Selling Opportunities + the bigger pictureThe IMX/USD pair has formed a Head and Shoulders ( H & S ) pattern, which is a chart formation that predicts a bullish-to-bearish trend reversal and is one of the most reliable trend reversal patterns. Here’s a simple breakdown: Formation: It appears as a baseline with three peaks; the middle peak (head) is the highest and the two outside peaks (shoulders) are lower. Entry Signal: A break below the neckline (support level) after the formation of the second shoulder gives the sell signal. Volume: Typically, volume is highest when the left shoulder is formed, decreases through the head, and is lowest when the right shoulder is formed. Target Price: After the breakout, the target price can be estimated by measuring the distance from the head to the neckline and extending it downward from the breakout point. It’s important for traders to wait for the complete formation of the pattern before making any trades based on it. Remember, while patterns can indicate probable market movements, they do not guarantee them. Always use stop-loss orders to manage your risk
Short
by ChuqemekaNkemakorlam
IMX Short opportunity & the big pictureThe IMX/USD pair has formed a Head and Shoulders pattern ( when you view on a weekly time frame ). The H & S pattern is a chart formation that predicts a bullish-to-bearish trend reversal and is one of the most reliable trend reversal patterns. Here’s a simple breakdown: Formation: It appears as a baseline with three peaks; the middle peak (head) is the highest and the two outside peaks (shoulders) are lower. Entry Signal: A break below the neckline (support level) after the formation of the second shoulder gives the sell signal. Volume: Typically, volume is highest when the left shoulder is formed, decreases through the head, and is lowest when the right shoulder is formed. Target Price: After the breakout, the target price can be estimated by measuring the distance from the head to the neckline and extending it downward from the breakout point. It’s important for traders to wait for the complete formation of the pattern before making any trades based on it. Remember, while patterns can indicate probable market movements, they do not guarantee them. Always use stop-loss orders to manage your risk
Short
by ChuqemekaNkemakorlam
Is a Head and Shoulders pattern forming on IMX?Hello everyone! #IMX, I dare to suggest that a head and shoulders technical analysis pattern is forming on the chart. It can be observed that the price reacts well as it approaches the 0.786 Fibonacci level. In this area, the left shoulder was formed and now the right shoulder may be forming. The neckline is at a strong Fibonacci level of 0.618. The price potential upon completion of the pattern is around $0.85. However, the decline may be halted by Fibonacci levels of 0.5 - 0.382.
Short
by TradeMyIdea
#IMX/USDT #IMX We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner. We have a support area at the lower border of the channel at $1.60 from which the price rebounded We have a tendency to stabilize above moving average 100 We have an uptrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 2.20 The first goal is 2.74 The second goal is 3.18 The third goal is 3.72
Long
by CryptoAnalystSignal