Immutable chart is simple; IMX was in a downtrend since the beginning. After the downward move ended and price broke the downtrend line, a strong impulse wave started. Then, IMX corrective phase unfolded in a triangle pattern-or some may say a descending channel. Now, it seems IMX broke this triangle pattern upward, and the next upward impulse wave should start...
Immutable X (IMXUSD) produced a very strong bullish breakout recently signaling the end of a very long correction.
We know this correction to be over because the growth in the last 9 days exceeds 70% and we have a perfect ABC Elliot Wave pattern.
My projection for the next target as this new bullish wave develops is around 2.46. This target would be Wave 3 of a...
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...
Let's have a look at some Altcoins that have the potential to print a new leg up.
We start with Immutable X (IMXUSD).
The big blue dashed line is the main support, mid-May's low.
The cup pattern in yellow is the lower low and potential bottom of the latest correction.
As IMXUSD is back above its May low, this is a strong bullish signal, backed up by prices...
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...
COINBASE:IMXUSD Classic reversal pattern. These have been showing across common markets and crypto. Looks a lot like NASDAQ:COIN right now. Major upside if BTC holds.
Immutable X (IMXUSD) is on a strong rise, the 4th straight currently green 1D candle since the consolidation around the 1D MA200 (orange trend-line). The price has long ago broken above the Bear Cycle's Lower Highs trend-line, and has set course to fill the upper Fibonacci retracement levels.
The 0.236 is already hit, next is the 0.382 Fib (1.063) where we expect...
Ok cos u asked so nicely
Layer 2 scaling
Powers gamestonk nft exchange along with lrc
There are some token unlocks to think about
But not right now
Breaking out with bullish divergence
Send it
GRI 2023
Hello traders,
I leverage Elliott Wave to identify patterns in the market but pair 3 other crucial components with it to execute a full trading system called the NewWave System.
This chart highlights how IMX could have the potential to create a new cycle towards the upside. It pulled back to a .618 retracement of previous cycle, we have a double tap on crucial...
The 30-minute TF shows that the 1.0 Fib has been retested and passed, although nothing is a 100% sure thing in trading. But I'm expecting a further climb up the target ladder now. Look for increasing demand volume to power the PA as it expands to the upper range: to the .272 and beyond. Don't forget to take profit in those areas. All of this, of course, is...
We saw the GMT, APE have huge movement last month...
Some project is launching their land sale on IMX L2 .....
Will IMX do the same?
-Price, MACD, RSI all in higher low even pattren even most of alts coin drop....
My entry price around $1.56
Another one of my entries just caught by chance based on Open interest levels continuing to climb while price was going down.
Stop moved 2% over entry - Risk Free
Safe trading all
$IMX's current run charted against a fractal of $LRC's parabola in Fall 2021. If it works, there should be little time to buy in between now and the APEX.
Teh basis of this fractal is that Loopring had its run on speculation of a GME partnership. IMX is officailly partnered with GME so the demographic of traders trading this are likley the same as the ones who...
People are finally realising that TRUST NO BANK NOR GOVERNMENT (look at Canada / Ukraine / Klaus Schawb ect . .) . .AT LEAST with crypto you have an means of exchange that they have zero control over . .CRYPTO about to EXPLODE . .hopefully IMX too !!!
IMX is the L2 chain for NFT & Gamefi which can bring 9000+ TPS.
IMX investers have Galaxy Digital, Coinbase, Alameda Research and more more....
That's are strong background....
Let's look for the price!
After dropped more than 80%, seems IMX finding support level and waiting for reversak.
- RSI divergence
- MACD divergence
- RSI is oversold and oversold after...
