GMX shortGMX broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 68 is possible.
GMX
GMX IS BULLISHHi, 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
short GMXTSX:GMX bounced off the resistance level. Decline to support level at 75.4$ is likely to happen
#GMX Waiting for return in Price areaYou should wait for the return to the range of 74 to 76 so that if the trend reversal is confirmed in the price zone, you will enter a buy position.
GMXUSD: Outside its Triangle, targeting 100.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 top of the Channel Up (TP = 100.00).
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Profit Potential Ahead: GMX/USDT Chart Analysis Anticipates UpwaProfit Potential Ahead: GMX/USDT Chart Analysis Anticipates Upward Breakout After Brief Dip:-
Greetings traders,
I would like to share my analysis on the #GMX/USDT chart with you all. As of now, the price is hovering around $75.35, and I am anticipating a slight downside move before witnessing an upward breakout.
My first entry point for this trade would be around $71, with a second entry point of $77 following the breakout. I have set my targets at $81.30 and $85, respectively, with a stop loss placed manually at $70 after the entry is filled.
It's essential to note that trading involves some level of risk, and it's crucial to perform your due diligence and assess your risk tolerance before entering any trades.
In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the GMX/USDT chart for any potential trading opportunities.
GMXUSDT APRIL looking promising 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 September 2022 and switched the mining process of Ethereum from PoW to PoS. With PoS thousands of investors were able to stake their precious ETH for 3-6% yearly staking rewards, all they were required was 32 ETH initially to stake and lock their ETH for a couple months without being able to move them.
Now, with "Ethereum Shanghai" investors will finally be able to withdraw their precious ETH. So to sum things up, "Ethereum Shanghai" is the upgrade that will allow investors to withdraw the money they are staking.
What will this mean for the price of Ethereum?
- Users have been staking ETH since December 2020 in the Beacon Chain to help secure the exchange by earning rewards. It is thanks to the "Ethereum Shanghai" upgrade those investors will be able to move their money now. It is not necessarily a bearish scenario for Ethereum's price to go down as a result from investors withdrawing their money. However, investors are speculating that Liquid Staking Derivatives(L.S.D :memes_laugh_elon: ) like Lido, Rocketpool, and FXS are going to start attracting all of that money as their staking rewards are seemingly more attractive and offer the option to be able to withdraw their money at any given time.
GMXBTC spot LONG OPPORTUNITYGMXBTC 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 cryptocurrency, investors often compare the performance of altcoins to Bitcoin to assess their investment opportunities.
2)Trading strategies: Cryptoinvestors use/BTC charts to develop trading strategies that capitalize on the price movements of both cryptocurrencies. By analyzing the price movements of /BTC, investors can identify trends and patterns that can help them make informed trading decisions.
Unstake Your GMXGMX will fall to 60ish range, probably bounce between my rainbow myriad of lines, then go down :))) You should buy around 52 - 60 !
short GMX$GMX bounced off the resistance level. Decline to support level at 62.14$ is likely to happen.
#GMX $gmxusd volume profile bullish, last S/R 81$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, can we expect a huge breakout above the triangle?
give me your opinion!
GMXUSDT Consolidating Bullish Breakout Price managed to break clearly above 60 USDT and it has been consolidating the breakout for the last weeks.
Most likely scenario is bullish (1), with the upper band of the channel projecting GMX above 200 USDT.
In the short term, keep an eye on 58,31 USDT level as it could activate the bearish scenario (2) if it was lost and significant volume was printed below it.
GMX Road to ATH ?This is my trade idea. I tried making it as clear as possible. Drop any questions down below.
The GMX (GMX) DEX Token: 🔍 Enigmatic and 🤔 ConvolutedDiscovering 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 🤫 enigmatic and mysterious GMX team remains entirely anonymous, and there are no confirmed external investors. The exchange is governed and managed by the community of GMX token holders. Interestingly, since its inception in September 2021, the usage of the GMX exchange has been steadily growing. Even amidst the bearish market in 2022, the Total Value Locked (TVL) on the smart contract project has increased by more than a staggering 300%.
GMX (GMX) DEX Token's Mind-Boggling Financial Performance
As of March 9th, 2023, the TVL on GMX stands at a staggering 💰 $607.5 million, ($512.04 million in the Arbitrum network and $95.45 million in the Avalanche network). At present, GMX stands as the best-decentralized application on the Arbitrum network, primarily due to its exemplary TVL performance.
Since its establishment, the total trade volume on the GMX exchange has been steadily approaching the 💲 $90 billion mark, and the overall platform fee has already exceeded a staggering 💰 $130 million. The number of unique users in 2023 shows an upward trend, and a more detailed statistical breakdown on GMX can be viewed through the link provided.
GMX (GMX) DEX Token's Robust Market Prices and Secure Smart Contracts
The market prices on GMX are primarily anchored on Chainlink oracles, which gather information from leading exchanges, thereby providing protection for positions against liquidation caused by erratic ticks from a single automated market maker.
The smart contracts on the GMX exchange have undergone an audit by ABDK Consulting. The GMX token is used to manage the ecosystem of the decentralized GMX exchange. Notably, all platform fees are distributed between the GMX token holders and liquidity providers, with 30% going to GMX stakers and 70% going to liquidity providers.
The maximum token supply is planned for 13.25 million GMX, which may be increased in the event that more products are launched and users need to be incentivized to provide liquidity. Any changes to the project's tokenomics will be subject to the relevant voting process.
Currently, there are 8.5 million GMX tokens in circulation. For more detailed information on the project's tokenomics, please refer to the exchange's blog.
GMX (GMX) DEX Token: A Viable Alternative to Centralized Exchanges
There is no information in the exchange's blog on any significant events to expect in the near future. The GMX exchange represents a viable alternative to centralized exchanges, providing both traders and liquidity providers with opportunities to trade and earn.
According to Zion Market Research's 2021 report, the DeFi market was valued at 💰 $11.96 billion. It is expected that this figure will exceed 💲 $232.2 billion by 2030. Betting on GMX represents a bet on the continued growth and development of the DeFi market, especially given that it is the leading protocol by TVL on the Arbitrum network, which is yet to reach its peak in popularity.
The fully anonymous team is undoubtedly a risk. However, this also isolates GMX from unwarranted lawsuits. It is also worth considering that the value of the GMX token has risen significantly over the past few months. Sellers may apply significant pressure to lock in profits.
🤔 CONSIDERING THE ABOVE, the picture looks as follows: purchases from 💲$50.
GMX shortGMX broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 50 is possible.
GMXUSDT -BULLISH Harmonic Bat🦇 +30% TPHi Traders, Investors and Speculators of the Charts 📈📉
Harmonic Bat Patterns or Cypher Patterns are a great way to setup a trade, if you can spot them . They are generally hard to spot, but plotting one out gives you a clear entry, stop loss and three TP (take profit) levels. GMXUSDT is already past the entry and the first TP, but TP 2 and TP 3 are still possible.
Here's a little bit more info on what to look out for on a Harmonic Bat Pattern :
And if you're looking for a quick masterclass on Harmonic Patterns bullish and bearish, find it here :
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Gmx Still Looking goodSeems Like getting Ready For another Bounce
Forming Bullish Flag In h4 timeframe
Incase Of Breakout expecting Another 30 to 35% bullish Move
long GMX$GMX is bouncing off the support level and the bullish trendline. Rise to resistance level at 88$ is likely to happen next.
GMXUSDT, key zones to watch and buy point 👀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.
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Write your comment and opinion below to me
GMX: Pullback in UptrendTrade setup : Following a breakout from Sideways Channel ($30-$60) with robust volume, price resumed its Uptrend. Price broke above $75 and is now retesting that level. If it holds, price has upside potential up to $90. Our own fundamental research recently highlighted GMX as a big beneficiary of FTX fallout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $30. The nearest Resistance Zone is $75, which it broke, then $90.
How to make money on Arbitrum?Arbitrum is one of the most anticipated and discussed projects of 2022 and 2023. The Arbitrum network is already fully launched and many users are waiting for the release of the network's native token. In addition, the Arbitrum ecosystem is actively growing and developing, with many projects appearing literally out of nowhere, capturing the market and attracting huge liquidity. But the main question for all traders is how can we make money on it?
How to make money?
All projects on Arbitrum, including Arbitrum itself, will have their own native tokens sooner or later. The more popular Arbitrum is, the higher the potential value of the Arbitrum native token and native tokens of projects that are built in the Arbitrum ecosystem is. This is the most important thing for us.
The main task of a trader is to find the most promising projects on Arbitrum, keep track of when the token appears and look for profitable trading opportunities.
Considering that our reader already has a trading strategy and knows how to trade, our goal is to tell you about the most interesting projects that you can make money on.
Prospective projects with a token
1. $GMX – a decentralized futures exchange
2. $GNS – margin trading
3. $DPX – on-chain options
4. $MAGIC – a gaming ecosystem
5. $VELA – a decentralized futures exchange
6. $RDNT – an omnichannel credit protocol
7. $MVX – margin trading
8. $GRAIL – a decentralized exchange
9. $PLS – a liquidity market
10. $VESTA – a loan protocol
11. $PREMIA – on-chain options
What to do next?
Search for good trading opportunities
Look for promising new projects on Arbitrum
Stay tuned for news on the launch of the Arbitrum native token
Check our ideas about ZK Narrative
and Asset tokenization trend
Tell us what do you think about Arbitrum in a comments section
Additionaly, write down in the comments section what narrative are you interested in the most: ZK, Asset tokenization or Arbitrum.
We will prepare more detailed info about it for you! Thanks
short GMX$GMX bounced off the resistance level. Decline to support level at 63.8$ is likely to happen.
Gmx Still Looking goodSeems Like gmx Getting Ready for another Bulish Impulse
Bulish flag Breakout Has Already confirmed
Expecting 35 to 40% bulish Move
