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GMX / TetherUS

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GMXUSDT trade ideas

GMX pushes golden fibGMX is pushing for the golden .5 fib around 60$ soon. This is one of my larger holdings and I use it as a slow and steady anchor for my portfolio. I love the arbitrum ecosystem and enjoy the real yield that this play provides. I marked my entry from forever ago as the dotted green for those that are interested. I tend to hold these stronger plays a lot longer than the average trader as I am mostly using these charts to help me average in. RSI and volume are still cooling off but price has started to rise. Tokens like GMX can easily do this because the supply is so low and the inflation is non-existent. Wait for an obvious bull market, these things supply shock peoples faces off.
Long
by Apollo_21mil
GMX/USDT Major Falling Wedge, What's the Next move ??Yello Paradisers, Potential Coin! #GMX 💎 GMX is exhibiting intriguing movements, particularly if it successfully breaks out of the major falling wedge pattern. The optimal entry point would be post the breakout of this falling wedge pattern. 💎 Should GMX fail to breach or face rejection at the resistance area, it’s likely to revert to testing the key support area. In such a scenario, purchasing at the key support area and awaiting a bullish rejection candle would be the strategic move. 💎 A substantial surge is on the cards if GMX manages to break the falling wedge, with a clear path to reach Target 1, testing the supply zone area. This zone is pivotal for GMX as breaking through it would confirm a bullish movement. 💎 The analysis would be invalidated if GMX concludes below the key support area in the daily close candle.
by MyCryptoParadise_Nathan
20
GMX/USDT Ready to continue upward made new higher high??💎 GMX has been a notable point of focus in the market. It's currently in a consolidation phase within the demand area. However, recent chart activity suggests a positive shift in momentum. 💎 For GMX to maintain its upward trajectory and reach new heights, it's crucial for it to break through the resistance area and form a higher high, probability aligning with our target area. 💎 As long as GMX remains above the demand area, the overall outlook remains relatively stable. However, a breakdown below this demand area could be a troubling indicator for GMX's future movement. Such a development might signal the beginning of a downward trend, potentially leading GMX toward the bullish OB area or even lower.
by MyCryptoParadise
1
GMX: Looks Like a Pump Will Happen Soon?BINANCE:GMXUSDT is a decentralized perpetual exchange AMM that is built on solid infrastructure. It has been on the journey of price discovery since 2022. Historically, it found support on the $25-30 level. It may rally up any moment from now, we should be ready to take advantage of it. Of course, with low leverage. This is my analysis of GMX, what are your thoughts about it? Share it with me in the comment box If this analysis makes sense to you, follow me now and support my idea. Cheers!
Long
by CryptoNiche
🔥GMX: The Altcoin Which Will Impress You in 2024❗️GMX fell by -69% from it's local highs. The retailers are samshed and scared. It has $300M cap. This is still fresh altcoin which can grow by 10-20x even 50x. I have this altcoin in my portfolio and ready to hold it and get a profit on a bull market. 💥 Bullish BTC over $29,000 will turn the table and altcoins start to accelerate. Don't miss altseason this time! like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
1
GMX/USDT Falling Wedge formation. Need break or Down is coming 💎 GMX has certainly caught our eye. At present, GMX is rebounding within a demand zone and is encapsulated by a falling wedge formation. A surge in bullish momentum is anticipated if GMX can breach both the local resistance range of $36.20 - $36.80 and the falling wedge pattern. 💎 It's crucial to await a confirmed breakout to guard against potential false signals. If this bullish scenario unfolds, GMX could effortlessly ascend towards the supply zone, possibly even reaching the bearish OB. 💎 Conversely, if GMX faces rejection at the resistance and takes a downturn, it would be vital for it to find support and bounce back. Failure to do so might see GMX compromising its support level, signaling a bearish trajectory. In such a case, GMX might continue its descent towards a lower-demand zone.
by MyCryptoParadise
1
GMX is bearish in this bullish marketAfter 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 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
by behdark