GMX is a decentralized spot and perpetual exchange that operates on the Arbitrum and Avalanche blockchains, offering traders low swap fees and zero price impact trades. It leverages a unique multi-asset pool that provides liquidity for trades and earns yield from market making, swap fees, and leverage trading. Given GMX's innovative approach to decentralized...
Below 48.9254 we are looking to the downside to complete an ending diagonal wave (c) from a flat correction wave ((2)).
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the GMX symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
According to the wave count of the GMX chart, we can consider a triangle or diametric scenario for this coin. We now seem to be in wave e of D. Whichever of these scenarios is going on, the red flip range is the range where we are looking for sell/short positions. We marked the targets on the picture. We also specified the invalidation level, closing a daily...
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
After completing wave E of the big triangle above, which I marked with a red arrow, we have entered a large pattern consisting of wave A and B. Wave A is a diametric wave and wave B is a triangle, and now we are in the last wave of the triangle. I expect wave C to start a downward spiral soon. For risk management, please don't forget stop loss and capital...
GMXUSD almost hit the 1day MA50 two days ago and has so far turned sideways. This inability to cross over this Resistance level that has been holding since early August, is technically a bearish signal. As long as it holds, sell and target 30.150 (Support A). If broken though, we can have a June 30th type break out to the 1day MA100. Consequently be ready to...
50EMA has broken upwards through 200EMA at 1H TF. The price is testing 200EMA as support at 30m TF. I believe the asset will continue to rise after holding support.
GMX price today is $56 with a 24 hour trading volume of 30 million dollar. GMX price is up 4% in the last 24 hours and 380% growth in only six month but what is GMX? Its a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades GMX on Arbitrum has seen meaningful growth in both daily users and transactions. this is in...
Bullish on GMX! A daily close above 56.40 and I looking for a long position. For the daily time frame I see a 10% trade, Target1, can play out quite fast.
2h time frame - GMX just broke the falling wedge. It shows more chance to keeping going upward. TP: 61.3~63.6 and 66.8 is the final targer SL: 52.7
GMX broke up 50EMA (1H TF) On the 30m Timeframe, the chart has fixed above the 200EMA. I believe the asset will continue to rise.
1D time frame - GMX retesting well so far. Entry is good around 50. Target: 132.3 SL: 37.9 (need to carefully manage your position)
💎#GMXUSDT has shown promising signs of a potential bullish reversal. After breaking the downtrend trendline, the price found support at the previous supply area, which has now transformed into a demand zone. Additionally, the 200 Moving Average and 50% Fibonacci retracement level are acting as strong support. The MACD has also signaled a bullish divergence,...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the GMX symbol. If it stabilizes on the red range, the target for wave E will be HKEX:102 -115-126. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
GMXUSD is attempting to close today over its short term Triangle pattern, which is just a neutral formation inside the long term bullish Channel Up pattern. The 1D technicals are bullish (RSI = 62.080, MACD = 0.000, ADX = 29.989) and if the 1D RSI crosses over the LH trendline, it will be the buy trigger we need to target firstly the R1 (90.00) and secondly the...