Glmrusdtperp
#GLMR/USDT#GLMR
The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the channel at the green support level of 0.2500
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.2700
The first target is 0.3300
The second target is 0.3000
The third goal is 0.3645
GLMRUSDT Good BuyBINANCE:GLMRUSDT Technical analysis Update
GLMR's price has decisively broken out of its descending broadening wedge pattern on the daily chart, currently trading above both the 100 and 200 EMAs. This, combined with significantly increased volume during the breakout, strongly confirms bullish momentum.
Buy zone : Below $0.314
Stop loss : $0.262
Resistance 1 : $0.36
Resistance 2 : $0.435
Resistance 3 : $0.81
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