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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