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...
Ethereum Shanghai is releasing on April 12th and the perpetual DEX narrative seems like is catching eyes for ARPIL. Iiquidity pools will be hotter later this year. "Ethereum Shanghai" is currently the hot topic in cryptocurrency space with such update, now what is "Ethereum Shanghai" all about? -As we all know, "Ethereum Merge" update took place earlier in...
GMXBTC looking bullish. It looks like its primed for a reversal using the /BTC as as different POV to see this analysis. Some of the reasons i like using /btc charts as a different POV are : 1)Benchmarking: /BTC charts can provide a benchmark for measuring the performance of altcoins against Bitcoin. Since Bitcoin is the largest and most well-known...
In the last few days we have seen an interesting development in #GMX, which can indicate a potential bull pattern. The S/R zone showed that the last important support area is at $81. Does it mean that the price cannot fall below $75.50? What if the bitcoin falls? Right now the price and trading activity are trying to form a triangle formation. What do you think,...
This is my trade idea. I tried making it as clear as possible. Drop any questions down below.
Discovering the GMX (GMX)DEX Token: A 🌐 Decentralized Exchange with Mind-Blowing Features The GMX (GMX) DEX Token is a 🌐 decentralized exchange for both spot and margin trading, boasting a credit leverage of up to a staggering x50. It was launched in September 2021, and it supports the seamless functioning of two networks, namely Arbitrum and Avalanche. The 🤫...
Hi Traders, Investors and Speculators of the Charts 📈📉 Harmonic Bat Patterns or Cypher Patterns are a great way to setup a trade, if you can spot them . They are generally hard to spot, but plotting one out gives you a clear entry, stop loss and three TP (take profit) levels. GMXUSDT is already past the entry and the first TP, but TP 2 and TP 3 are still...
GMXUSD is inside a Channel Up with very straightforward increase and decline ranges. So far both increases have been 137% on average. The price is now on the 1day MA50 but it is the next drop that will approach the bottom of the Channel Up and create that buy opportunity. Aim for a new +137% increase at 130.00. Follow us, like the idea and leave a comment below!!
Hello guys, Everything is explained on the chart for you like always. GMX as a good Arbitrum-Ecosystem Tokens, you can keep that in your watchlist. First support zone around 73$ and point of interest is around 70$. Temporary targets will be 88 and 100$. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write...
There is a Bearish Gartley visible on the 4 Hour with MACD Bearish Divergence; if it reaches the full target it should see a pullback to around the 200 SMA again.
This week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it. My price target for GMX for the end of the year are the following: GMX/USDT short Entry Range: $55 - 60 Price Target 1: $51 Price Target 2: $45 Price Target 3: $38 Stop Loss: $69
Resistance in red zone. Support in green. Right now we're crabbing between zones. - If it closes 4h candles above resistance, it's poised to run to new ATHs. - If it closes 4h candles below support, it probably drops to new local lows.
**I bought GMX** GMX is inside a bull channel, currently at the bottom of the channel, which gives us a short stop entry opportunity. Entry: 51.53 Starting target: 63.30 (22.8%) Stop: 48.68 (5.52%) Volume: 2%
As long as our DR line is not broken, we can move towards the green zone