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GMX

GMX ANALYSIS (1D)According to the wave count of the GMX chart, we can consider a triangle or diametric scenario for this coin. We now seem to be in wave e of D. Whichever of these scenarios is going on, the red flip range is the range where we are looking for sell/short positions. We marked the targets on the picture. We also specified the invalidation level, closing a daily candle above this level will violate the analysis. 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
by behdark
GMX/USDT Keep an eye in this support, Bounce or break down ??💎 GMX has been garnering significant attention in the market recently. At present, GMX is positioned at a support level, which previously acted as resistance. Observing the current trend, GMX maintains a bullish pattern, characterized by forming higher highs and higher lows. 💎 For GMX to continue its upward trajectory, it’s crucial to witness a strong bounce from this support level. A successful rebound from here could propel GMX towards the strong resistance area, potentially setting new highs. 💎 However, there’s a critical scenario to monitor for GMX. If it fails to hold the support level and experiences a breakdown, this could signal a significant shift in market dynamics. 💎 Such a breakdown would indicate the disruption of the bullish trend, potentially steering GMX into a bearish phase. In this situation, GMX could see a downward movement, leading it to approach the key support area. This juncture would be pivotal, as a failure to hold the key support could further exacerbate the bearish trend.
by MyCryptoParadise
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 Could Be Another Big Mover Soon.After having reached its Cup and Handle target, GMX has now formed a beautiful bull flag and looks like it will move to at least $59-60 dollars. If it really gets a head full of steam, I can easily see it tagging $73. Cautions? We are on the underside of that RSI TL. Looks like we'll hit our heads on that about the same time as we hit $60. Might be a good time to sell at this level. Or at least take some profits, move those stops up, and let the rest ride. Positives? All those SMA below should help support. If it was me, I'd set my SL just below the red 200 day SMA. Best, Stewdamus
KRAKEN:GMXUSDLong
by stewdamus
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: 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
DYDX/USDTPossible break and retest happening on DYDX. Let's see if this key level can hold and buyers show that they are in control, or will it break and they need more time. If there will be new crypto bull market, I think Dexes like GMX, GNS and DYDX will perform well, as they will start to bring profitable revenue in and share it with holders of their tokens If you are surprised that altcoins got whacked for the last 4 months against Bitcoin you shouldn't be Post from june about alts No trade is risk free! 1st mistake novice traders do is not having risk management and get their ass burned! -PalenTrade
Long
by PalenTrade
4
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
GMX USDT By HesamUNT ( New update )hey traders we got the rejection from daily and Weekly Swap and broke down the short and mid-term Demand zones also we had potential demand zone at daily TF around 39-43 $ and PA confirmed this lvl so many times Now we break it down and price still playing below this zone so i can take it as a potential Swap and resistance area in next touches and working as a supply zone in higher TF Chart. also this Swap confirmed by Long-term short scenario fib EXT and EMA 200, EMA 50-200 still bearish in Weekly Daily 4H TF, but we have bullcross in 30m and 1H TF thats why we can expect some buy pressure around 30$ to the 39$ which is our Supply zone and swap and fib areaa what u think ? share ur chart and leave a comment
Short
by HesamUNT
MUX: a decentralized derivatives market aggregator📜 Overview The MUX Protocol Suite is a set of two components: 1. a decentralized leveraged trading protocol, offering zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity; 2. a sub-protocol that automatically selects the most suitable liquidity route and minimizes the composite cost for traders while meeting the needs of opening positions. Currently MUX is deployed on Arbitrum , BNB Chain , Optimism , Avalanche and Fantom . In short, just as 1INch is to Uniswap , PancakeSwap , Curve , and other DEX, MUX is to GMX and GNS . 📈 Graphic analysis The price is in an impulsive wave 3. A possible entry would be after an ABC correction at $9.25. If the price breaks the last historic high and rises wildly, expect a throwback. The target on the 1.618 Fibonacci projection sits at $37.36, having a 167% upside potential. Comparing this asset with others of the same class of derivatives, perpetual or futures (putting BTC together just to have a reference), we can see that this year the MUX token performed the best. ⚠️ It is worth mentioning that it is a highly risky and speculative operation, with an asset that is under the radar. It still does not have trading on large exchanges, such as Binance and Coinbase for example. Do your own research and take your risks.
Long
by andre_007
GMXUSD 1day MA50 based trading strategy.GMXUSD almost hit the 1day MA50 two days ago and has so far turned sideways. This inability to cross over this Resistance level that has been holding since early August, is technically a bearish signal. As long as it holds, sell and target 30.150 (Support A). If broken though, we can have a June 30th type break out to the 1day MA100. Consequently be ready to close the sell and open a buy targeting 42.000 (top of the Channel Down and possible contact with the 1day MA100). Follow us, like the idea and leave a comment below!!
CRYPTO:GMXUSD
by TheCryptagon