GMXUSDT trade ideas
GMX prediction for the end of the yearThis 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
GMXUSDT Inverse Head and Shoulders target $86GMX recently broke out of an Inverse Head and Shoulders, a pattern that technically starts bullish reversals. Based on the RSI, one last pull back to the 1D MA50 isn't out of the question but it is highly probable to see GMXUSDT at $86 (2.0 Fibonacci) by the end of the year.
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GMX: Sideways ChannelTrade setup : Trading in a Sideways Channel ($30-$60). Swing trader: Enter near support at $30 and Exit near resistance of $60. Trend traders: Wait for a breakout above $60 to signal Uptrend resumption. Our own fundamental research recently highlighted GMX as a big beneficiary of FTX fallout.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $30. The nearest Resistance Zone is $50, which it broke, then $60.
GMX Falling wedge breakHello everyone,
I hope all is well for you,
Today, idea for GMX,
Falling wedge break, possible retest of the down trend before a pump.
BTC can down at every moment, so care, low leverage and risk management. Keep eyes on DXY (last idea)
• Target are resistances.
• You can put an SL under the big support.
Have a nice evening and week-end Trading view community.
GMX.Usdt (Y22.P3.E1).Livermore targetHi All,
GMX is one of those I'm looking to get the bottom for accumulation and go long.
For now, we have made a top to only pullback like #OP to a base accumulation range.
With a ABC correction, we could have a breakout descending wedge trade very much in like a rise wedge breakout entry.
Note how its aligned with the Livermore (broadening wedge) structure.
Please give me a like and share,
All the best,
S.SAri