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IMX / TetherUS

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IMXUSDT trade ideas

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 Stumbles After Strong Mid-Term Rally-Bulls Aim for New HighIntroduction: Immutable X (IMX), a token facilitating scalable trading on the Ethereum blockchain, has exhibited signs of weakness after a powerful mid-term uptrend. While the recent price action suggests a potential pullback, a confirmed breakout above resistance could propel IMX towards fresh all-time highs (ATHs). IMX in a Nutshell: Launched in 2022, Immutable X is a Layer-2 scaling solution designed for NFT trading on Ethereum. It offers users significant gas fee reductions and faster transaction speeds compared to the congested mainnet. Uptrend Stalls at Resistance: IMX has enjoyed a remarkable run since late October 2023, surging from around $0.75 to a current price of $3.5586 (as of March 8th, 2024). However, the token recently encountered resistance at the $3.5586 level, raising concerns about a potential trend reversal. Key Technical Levels: Resistance: $3.5586 (broken), $4.1994 (critical resistance) Support: $2.3845 (first level), $1.7766 (second level) All-Time High (ATH): $4.1994 (current) All-Time Low (ATL): $0.4760 (recorded in October 2023) Trading Scenarios: Bull Case: A decisive break above $3.5586, followed by a successful retest, could signal a continuation of the uptrend. The next major hurdle lies at $4.1994, the current ATH. A confirmed breakout above this level could open the door for further price discovery and potentially establish new ATHs. Bear Case: Failure to reclaim $3.5586 as support could trigger a correction. The initial support zones lie at $2.3845 and $1.7766. Similar Coins to Watch: Loopring (LRC): Another Layer-2 scaling solution for Ethereum, focusing on decentralized exchange functionality. Polygon (MATIC): A well-established Layer-2 scaling protocol known for its fast and cheap transactions. Theta Network (THETA): A blockchain-powered network for video streaming and content delivery. Disclaimer: Technical analysis is a subjective tool and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Long
by atamq
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
The J-Curve theory and the recent IMX performanceSince it's launch, the IMX token has experienced significant volatility, trading between $5-9 and now stands at roughly $0.80 with a historical low of around $0.30. The trajectory of the IMX token indeed align with the principles of the J-Curve Theory. The initial period of high valuation post-launch, followed by a sharp depreciation, reflects the downward slope of the J-Curve. If we are assuming that the bottom of the curve was around $0.30 the subsequent recovery to the $0.80 region suggests the start of the upward slope. For this reason, I'm willing to take the bet and started to DCA long-term spot position for IMX. However, it's important to note that while the J-Curve Theory can provide useful framework for understanding these price dynamics, the cryptocurrency market's inherent volatility necessitates caution. I'll be closely monitoring the future trends of the IMX token to further verify the applicability of the J-Curve theory and inform potential investment desicions.
Long
by Schitzodart
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 Ready For A 25% Move?IMX looks like it is getting ready to brake one way or the other. When it comes to alts all eyes should be on BTC. If BTC manages to hold alts may move up and if it can't they typically fall even harder. Either way the chart is set up for a potential move of around 25% so no reason to fomo into either side. Best to wait for clear market direction. This is a Daily line chart with a clear uptrend that will either hold or brake. If it brakes below there is two fair value gaps to possibly fill. The upper gap corresponds with a local goldent pocket and the lower gap with a 1.5 expansion of our current range. If it brakes to the upside a retrace to the golden pocket of the last down trend would like wise be a 25% move. Trade Well
by Degen-Dynasty
#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/USDT | 1W 👀IMX/USDT | 1W 👀 The coin is part of my long-term portfolio because I believe it has immense potential in the future. I consider buying at current levels unwise. The coin has exceeded all my expectations. From a technical perspective, the chart looks intriguing. I see opportunities for the development of a new wave structure. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of ImmutableX. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #ImmutableX #Investment #IMX
by Nyskohuz