IMXUSDT trade ideas
IMX imaginary pathThis is the path im imagining for IMX.
IMX has had a very good run up, on both the USDT and BTC pairings, so expecting a pull back here. The fact that the IMX/BTC pair is so run up, makes me believe that a pull back to the 0.618 line is very do-able.
I expect some consolidation under this resistance before finally making a break. Time span on this could potential be quite some time though.
Will try post some zoomed out charts below and also the IMX/BTC chart.
Immutable X (IMX) - Higher highs higher lowsOn the above 1-day chart price action has corrected almost 90% since late November. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal.
2) Trend reversal. Higher highs and lower highs in both price action and RSI.
3) Price action is currently confirming support on the Golden ratio.
4) The 2-day BTC pair (below). If you’ve been paying attention to my publications those past 24 hours - wink wink nudge nudge.
Is it possible price action falls further? For sure.
Is it probable? No.
Good luck!
Ww
2-day BTC pair
Timeframe: hold it and forget it for at least 3 months to 1 year.
Return: 10x minimum.
Risk: Not more than 6% of trading portfolio.
IMX LONG 20220629Blue -> Green * n
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
IMX/USDTLong trade with high risk so position should be calculated carefully
I prefer a manual stop-loss
IMX has broken down, time to wait.It is now time to sit on our hands and wait for a good entry for IMX.
This rising ascending wedge technically wants to break down (and it has), ultimately constituting a bear flag pattern, that will now continue the preceding down trend.
If bitcoin were to nuke downwards, then the local low here (bottom of the range) would be a great place to sit.
Option 1 and option 2 make sense to me for longs, but I would argue that they sit a bit to close to then stay in them for any length of time. (Quick scalps here).
IMX short playHeres my thoughts on a little IMX short.
Mindful as always of what bitcoin is doing, but bitcoin has move back into resistance right now.
Targets at support/resistance below.
IMX longIMX broke trough off the upper boundary of descending channel. Bullish movement to support level at 1.07 is expected to happen.
IMX buy zoneIMX has been performing very well over the past few days; it is very bullish.
The green box below is where to long; on a retest of the diagonal resistance (now support), and the horizontal price action below (I like the middle of the wedge serving up as support. Below that you have the rising support line below, which would be the last line to take longs and where you will get the best risk reward.
Best of luck everyone!
IMXUSDTPERPIn this width, we see that the resistance is broken in 4 hours, the set and the candle are closed for 4 hours above the resistance.
IMX back inside the wedgeIMX has bounced back inside this wedge, causing a takeout to the downside and a great long buying opportunity.
To reduce risk we could sit at the support level ~ 0.677 with a stop just below (invalidation point.
Targets wise, first stop you have the historical price action around 0.730, which also lines up nicely with a 0.618 retracement of the recent leg down.
Above that you have the diagonal resistance and then above that (hopefully after a breakout) you have the horizontal price action resistance ~0.8
Clear trade idea with clear stops. :-)
IMX Long - INH&SIMX has had some good fundamental news relating to a partnership with MasterCard lately.
Looking at the chart, Im observing the formation of a possible inverse head and shoulders pattern, with the right should right now forming (hopefully). Inside the right should is a mini inverse head and shoulders if you go to. a lower time frame.
Price targets on the chart.
Watching what bitcoin does closely obviously but the IMX/BTC pair looks healthy.
IMX/USDTI am buying some IMX at 1.5$
my stop-loss is daily candle close below 1.4
my targets are 2 and 2.65$
IMX - Long after false breakdownReasons to take long
⭐️ Accumulation 15 days
⭐️ Formation is clean
⭐️ We are in the end of formation
⭐️ Recently collected liquidity
⭐️ Range is getting smaller
⭐️ 4th touch
⭐️ 50 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
IMX - LONGLets see how this goes. sharing my thoughts on what i thin kmay happen in the next week or 2. Then big dump ahead! Stay tuned
long IMX$IMX is bouncing off the support level and the ascending trdnline. Bullish movement to resistance level at 1,14$ is likely to happen.
IMX the corporate future of NFT's?Fundamentals:
+ NFT derivative exposure
+ Disney, Marvel and the ESL building on Immutable X.
+ Coinbase portfolio.
+ Ready to use API
+ Games such as Guild of Guardians and Illuvium currently partnered.
- NFT and Gaming are novel markets within the crypto sphere. Still somewhat unrelated in a market populated by investors and not gamers or actual users.
- Current Risk-Off environment unlikely to reward Risk-On/Start up tokens.
Opinion:
Downtrend could be breached and a TP for risk-reward seems appropriate. TP1 looks attractive.
This is not intended or made to constitute any financial advice.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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IMX/USDTIMX / USDT
A very simple chart.
Everything in it is quite characteristic.
It is located in a descending channel that is colliding with its bottom.
It can be expected to start its upward trend from that area.
#IMXUSDT #BTCUSD #LUNA2 #LUNC #ETH
IMP Scalp long - Potential after accumulation is huge!⭐️ BTC locally bullish
⭐️ Market is in panic
⭐️ We are in the end of formation
⭐️ Accumulation 6 days
⭐️ 4th touch
⭐️ Formation is visible on daily timeframe
⭐️ Volume at bottom
⭐️ Over VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Rising. Wedge patternIts is one of the most trend continues pattern .it will happen in upside trend and downside trend .depends upon trend strength
IMX short$IMX bounced off the resistance level. Decline to support level at 1,6$ is likely to happen.
