- IMX fell from 3.77 to 1.2, completing the shoulder-head-shoulder pattern. It found a nice support at 1.2. Buying at this level can provide a nice return in the long run.
- Considering its recent developments and new projects such as Passport, IMX offers a good investment opportunity.
Note
IMX, like many other cryptos, has been affected by the market's impact and has experienced a severe correction.
The price has dropped below the support, but I think it will stay above this support. I know it is a good long term investment. This point can also be a good buying opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.