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GMXUSDT

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
Long GMX/USDT D1 (R/R = 3)Long GMX Entry - from current price level (around 39). TP1 - 50 (30%) TP2 - 55-56 (50%) TP3 - 70 (20%). Technical analysis. 1/ Capitulation on 17, Aug on decent volume (low - $28) 2/ Failure of printing new lows below $28. Weakness on downward movement with no significant volume resulting in failure to print new lows below $28. That's the point where one should seek for signs of reversal. But there's still no entry point. 3/ On 20, Oct we witnessed an enormous volume but on rather small-spread green candle. As for me, that's enough to have a good long setup: - There's a trigger for entry - HLs and HHs (that's that I want to see as a long price action) - POC - as a stop-loss level (pretty tight stop) - a lot of room to grow up. No significant pressure until 50-55 level. Fundamentals. No need to present this alt. No.1 perpDEX (TVL-wise; like dYdX) which is constantly in top 5-10 projects in terms of fee generating. And it's very important to search for projects that generates positive cash-flow on a daily/weekly basis.
Long
by SaltSugar
3
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
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by Alex_Dehtiarov
1
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
GMX (GMX.USDT) GMX price today is $56 with a 24 hour trading volume of 30 million dollar. GMX price is up 4% in the last 24 hours and 380% growth in only six month but what is GMX? Its a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades GMX on Arbitrum has seen meaningful growth in both daily users and transactions. this is in part due to the recent GMX token listing on Binance, the growth of Arbitrum, and its recent upgrade with Arbitrum Nitro. If you check candle shadows you see that GMX can be extremely volatile so always be sure that you know your targets and using stop loss RSI could give a good signal on gmx and If you manged to buy at 30$ zone its time to take profit and if you trade in short time or you do scalp, 59$ is very important level
Long
by moonypto
4