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GMXUSDT Faces Retest of Weekly Resistance: Breakout or RejectionGMXUSDT is poised for a retest of a critical resistance level on the weekly chart at $59.3517. This resistance zone has been tested seven times on the daily chart, with the last two attempts accompanied by decent buying pressure. Technical Analysis: Resistance: $59.3517 (Weekly) Support: $40.1870 Volume: Increased buying pressure on recent touches of resistance Key Observations: GMXUSDT is approaching a crucial resistance level on the weekly chart. A breakout above this level could signal further upward momentum. The repeated tests on the daily chart, particularly with the recent buying pressure, suggest a potential upcoming breakout. If the price manages to overcome the resistance, the next resistance level on the daily chart is $71.745. Conversely, if the price fails to break above resistance, it could find support at $40.1870. Conclusion: The upcoming price action for GMXUSDT hinges on its ability to overcome the key weekly resistance level. A successful breakout could lead to a surge towards $71.745, while a rejection might trigger a pullback towards the $40.1870 support zone. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt
AUDIO/USDT Secondary trend. Channel 0.16. Correction -96%From the distribution zone (hype), the price dropped to the $0.16 level, from which it was previously pumping +2370. At the moment, the price is squeezed at the support of the channel of 5 weeks. Recall that we are talking about the weekly time frame. Here is how this altcoin looks like on a linear price chart . My previous teaching/work idea. I published it then in the distribution (HYIP, selling) area of phantom +666% of the average accumulation price. AUDIO/USDT Psychology. Accumulation. Distribution. Local fractal. Probably, at the moment it is more interesting to work with this crypto-fantik in the long, than earlier on the price values +666% in the distribution area.
Long
by SpartaBTC
30
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024. - Breakout level is 21 - Initial target = 35-38 by early March 2024 (before earnings) - Watch out for possible resistance around 25-27, but should break through it easily - After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024. ~The black arrow/path is my forecast to initial target.
NASDAQ:MARALong
by JerryManders
20
14th Feb - Anticipated important daily and weekly levelsPlease take a look to previous (13th Feb.) daily levels. Link provided in the end of this post. Please pay attention this is BYBIT:BTCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
Sleepless AI completed a setup for upto 19.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Sleepless AI with US Dollar pair. Recently AI was very close to enter the buying zone, but pumped before entering the buying zone as below: Now on a 4-hr time frame, AI has formed a bullish AB=CD move for next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
POSSIBLE BTC PLAY TO BE AWARE OF🚨Bitcoin is currently inside a channel trading between ~44k - ~47k. As you can see on the chart the 44k level has been strong resistance and now that we have broken it, a healthy move would be a slight pullback and retest of that area. If we can turn that past resistance into support it would be better for BTC in the long term rather than a continued pump which can lead to a harsher pullback later down the road. If we can succeed and bounce off 44k an increase up to new 2 year ATHs can be expected finally reaching that 50k level which is a huge psychological level. Another way this may playout is BTC holds this 47k level and continues to bust up. This market has been resilient and eats up every small pull back. A common saying comes to mind "Don't trade against the trend." We are at the start of a bull market if we haven't already been in one for months. This is not a SHORT suggestions which would be foolish considering the trend and ongoing macros lining up for a very green year.
by altsandislands