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GMX / TetherUS

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GMXUSDT trade ideas

GMX: Sideways ChannelTrade setup : Price got rejected again (3x) at $90 resistance level and is likely to revisit $60-$65 support zone. It’s currently consolidating in a Sideways Channel ($60-90). Swing traders could Enter near $60-$65 Channel Support and Exit near $90 Channel Resistance. Price is up 70% since we highlighted GMX in Dec 2022 as our “Coin Pick” fundamental research recently highlighted GMX as a big beneficiary of FTX fallout. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $60, then $40. The nearest Resistance Zone is $90.
Long
by altFINS
#GMXUSDT At Support, MACD Divergence Signals Potential Reversal💎#GMXUSDT has shown promising signs of a potential bullish reversal. After breaking the downtrend trendline, the price found support at the previous supply area, which has now transformed into a demand zone. Additionally, the 200 Moving Average and 50% Fibonacci retracement level are acting as strong support. The MACD has also signaled a bullish divergence, indicating a possible pullback or continuation of the long-term uptrend. 💎Overall, the outlook for TSX:GMX is bullish in the long term, contingent upon the price staying above the current demand area. The upside target of $70.5, marked by a double Fibonacci resistance, looks enticing. 💎On the other hand, if the price breaks and closes below the current Fibonacci support, it may signal a continuation of downside pressure.
Long
by MyCryptoParadise
GMXUSDTHello there, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for GMXUSDT On the top, there is R2 as the long-term resistance area which mention that the price was not able to rise at different points. R1 is a 4-hour resistance area. And S1 and S2 are our long-term support areas of this chart that contain the support of price variously even since the past. As we see in the past, the support of price at S2 made it to have a great rise to higher amounts via being rejected at different points, the price fell down to S1 area after forming three negative Marubozu Candles and touched S1 area. But the existence a hammer candle made the price not to have more fall and at the present, we have the price fluctuating below the first resistance line and we predict it to have some range here and then experience more increase by being supported and providing us more rising signs then. So when the price breaks R1 upward, after being fixed and giving more fluctuation, definitely more rise is there for it to touch R2; as a proper point for saving your profits. Also when the price loses the support and falls below S1, more decline might happen then. S2 would be a great point for putting your sale orders but you should wait for the price to be supported there and on its trend upward and via retesting the situation, you are able to put your orders. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. Our suggestion is to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you success
by MarsSignals
8
GMX IMPULSE AND CORRECTION MOVEMENT!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. GMX WHAT'S NEXT! As we can see price is still overall bullish from a long-term perspective, trading inside an outer bigger channel, Moreover, price is clearly making big impulses then small corrections. Meanwhile, and for now price is still trading inside this channel and for the bears to kick in we need a break below the marked swing low. Then as the price will be approaching the lower rising trendline we will be looking for new bullish movements. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
GMX STILL BULLISH!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. GMX WHAT'S NEXT! As we can see price is still overall bullish from a long-term perspective, trading inside this channel, Making clean higher highs and higher lows. So for now, as the price will be approaching our rising trendline we will be looking for new longs as a trend continuation. And for the correction to start we need a break below the marked swing low, then a movement lower would be expected. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Short
by Hadi_karaali
1
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.
Long
by CryptoPatel
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.
Long
by CryptoGao1
#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!
by cdlstkbible
GmxusdtHonestly expecting something like this to happen over the next 12 months at some point If btc rallies to yearly highs, already happening? Then the preceding crypto narrative globally would see some retail speculation return to the alt market The most clear fundamental narrative to me is still perps on dexs and this one is the cleverest staking mechanism meaning less gmx on the market driving price up. Expecting a bug market cap markup on this project coming into next bull cycle/ bear market outlier?
Long
by oliver1234ol
1