GMXUSDT Technical analysis update
GMXUSDT has formed an inverse head and shoulder pattern on the daily chart. With the price breaking its neckline, this suggests a potential bullish signal for GMX.
Buy zone: Below $55.50
Stop loss : $48.75
Take Profit 1: $60.50
Take Profit 2: $72.00
Take Profit 3: $90.00
Thanks
Hexa
On the $GMX / $BTC chart, we can see a Bollinger Band breakout and a Super Trend pattern. Both indicators are indicating a bullish trend, with the Bollinger Band indicating a probable positive trend as the price has moved outside of the upper band and the Super Trend indicating a bullish trend. Because both indicators are in sync, this is a stronger bullish...
![GMXBTC: $GMX/#BTC [#GMX]: BBand_Breakout Super-Trend](https://s3.tradingview.com/j/jWQreSJJ_mid.png "$GMX/#BTC [#GMX]: BBand_Breakout Super-Trend")
