Hi Traders, #GMX #GML #Arbitary #crypto I explain why this is a good level to enter a short. All the best, S.SAri
This week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it. My price target for GMX for the end of the year are the following: GMX/USDT short Entry Range: $55 - 60 Price Target 1: $51 Price Target 2: $45 Price Target 3: $38 Stop Loss: $69
Very little chart history but strong fundamentals and a retest of some key support complete with bounce. Looking for a retest of ATH over the next few weeks. A nice reaction to the support outlined
📈This 1-year chart compares tokens from centralized and decentralized exchanges (in the latter considering those that allow derivatives/futures trading, not just swaps). BTC was placed as a benchmark. 🥇The GMX token appreciated the most, especially after distrust of the ability of centralized exchanges to honor customer withdrawals. 🥈In second place is the Bitget...
Resistance in red zone. Support in green. Right now we're crabbing between zones. - If it closes 4h candles above resistance, it's poised to run to new ATHs. - If it closes 4h candles below support, it probably drops to new local lows.
**I bought GMX** GMX is inside a bull channel, currently at the bottom of the channel, which gives us a short stop entry opportunity. Entry: 51.53 Starting target: 63.30 (22.8%) Stop: 48.68 (5.52%) Volume: 2%
GMX recently broke out of an Inverse Head and Shoulders, a pattern that technically starts bullish reversals. Based on the RSI, one last pull back to the 1D MA50 isn't out of the question but it is highly probable to see GMXUSDT at $86 (2.0 Fibonacci) by the end of the year. Follow us, like the idea and leave a comment below!!
Trade setup : Trading in a Sideways Channel ($30-$60). Swing trader: Enter near support at $30 and Exit near resistance of $60. Trend traders: Wait for a breakout above $60 to signal Uptrend resumption. Our own fundamental research recently highlighted GMX as a big beneficiary of FTX fallout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on...
As long as our DR line is not broken, we can move towards the green zone
HI Traders, In this video, I show my macro perspective and work through what are strong levels of support and resistance. Don't miss this if your interested in going long to take profit. All the best, S.SAri
Cup and Handle formed on Daily. Broken below Brim level $39.11 Target $21.44
Looking at GMX, it has been in an upward trend for a few months now a good coin with potential. With recent world events i am looking for a pullback if it ends up making this new lower high. target of close to 0.618 retracement.
For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain. That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional...