Review on BitMax Token by Mehdi hazni
btmx price analysis
This currency has not been on the market for a long time (less than a year) and as its name suggests, it is the exclusive currency of bitmax exchange. The highest price of BTMX currency was about $ 0.24, which is related to March 27, 2019, and currently the current price is about 71% lower than that.
In the past month, the price of this currency has grown very well, which is about 81%, and due to the presentation of this currency by one of the famous exchanges in cryptocurrency, we can expect a higher price increase.
In the 4H time frame and usd pair due to reaching a resistance and then falling, my expectation is that the price will continue to the purple range (which I have specified in the screenshot) and then the range of 0.0500 - $ 0.0550 can be a good range to buy.
Pros
- In the last month, the price has increased by 80%, and after the price correction, the range of 0.0500 - 0.0550 dollars can be a good buying range.
- It has been on the market for less than a year, and basically in the first and second year, there is a lot of emotional growth in some currencies.
Cons
- It is currently reacting to a resistance and is in a downward trend in the short term (4h time frame)
