GMX / TetherUSLong
Alikze »» GMX | Ascending Channel - 1H
🔍 Technical analysis: Ascending Channel - 1H
- It is moving in an ascending channel in the one-hour time frame.
Due to the formation of a Double Top pattern in the range of 24 dollars, it has faced selling pressure.
Therefore, it can face demand by continuing the correction in the OB area of 22.40 or by pulling back to the previous ceiling.
- So, in the case of a pullback to the previous ceiling and the OB zone of $22, it can face demand and continue its growth up to the supply range of $25.
🟩 Support ranges: 22.27 - 22.40
♻️ Return zone: 21.68
⛳️ TP: 23.44 - 24.20 - 24.60 - 25 -25.40
⚠️In addition, if it penetrates and stabilizes below the range of 21.68, the bullish scenario will be invalid. Therefore, as long as the candles are above the range of 21.68, the upward trend can continue.⚠️
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GMXUSDT
- It is moving in an ascending channel in the one-hour time frame.
Due to the formation of a Double Top pattern in the range of 24 dollars, it has faced selling pressure.
Therefore, it can face demand by continuing the correction in the OB area of 22.40 or by pulling back to the previous ceiling.
- So, in the case of a pullback to the previous ceiling and the OB zone of $22, it can face demand and continue its growth up to the supply range of $25.
🟩 Support ranges: 22.27 - 22.40
♻️ Return zone: 21.68
⛳️ TP: 23.44 - 24.20 - 24.60 - 25 -25.40
⚠️In addition, if it penetrates and stabilizes below the range of 21.68, the bullish scenario will be invalid. Therefore, as long as the candles are above the range of 21.68, the upward trend can continue.⚠️
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
GMXUSDT Note
After a short correction, it met with demand to the bottom of the ascending channel, which grew to the top of the channel after breaking the previous ceiling. In the case of pullback to a broken structure and creating demand, it will have the ability to grow to the second channel as well. 
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