From where we put the green arrow on the chart, it looks like a triangle is forming. Now we seem to be at the end of wave d. We are looking for sell/short positions in the red range. In this range, the e-wave and the whole triangle can be completed. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't...
Yello Paradisers! Have you noticed how #GMXUSDT has broken through its descending resistance? The recent action suggests this pair could be primed for a significant move, but will it be smooth sailing, or are we in for a retest first? Let’s dive in. 💎GMXUSDT has decisively broken above a descending trend-line, which had been holding the price down. This breakout...
Will GMXUSDT Survive This Critical Moment? Yello, Paradisers! Are we on the brink of a major move for #GMXUSDT? Let's dive in. 💎#GMX is currently showing signs of a potential downturn, with the price looking to retest the support level before possibly resuming its upward momentum. The recent successful reclaim of this support is a bullish signal. If GMX can...
After the bearish iCH, the price structure has become bearish. A trend line has also been broken By maintaining the resistance swap range, it can drop towards the targets. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position...
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...
Trade setup : Bullish breakout from Ascending Triangle could signal a bullish trend reversal with near-term upside to $40-$43 resistance zone. That's a stiff resistance area as it also lines up with 200-day moving average. Overall, price remains in a downtrend until it breaks back above that 200-day MA. Pattern : Ascending Triangle which is a continuation...
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.