GMXUSDT Consolidating Bullish Breakout Price managed to break clearly above 60 USDT and it has been consolidating the breakout for the last weeks.
Most likely scenario is bullish (1), with the upper band of the channel projecting GMX above 200 USDT.
In the short term, keep an eye on 58,31 USDT level as it could activate the bearish scenario (2) if it was lost and significant volume was printed below it.
GMXUSDT trade ideas
GmxusdtHonestly expecting something like this to happen over the next 12 months at some point
If btc rallies to yearly highs, already happening?
Then the preceding crypto narrative globally would see some retail speculation return to the alt market
The most clear fundamental narrative to me is still perps on dexs and this one is the cleverest staking mechanism meaning less gmx on the market driving price up.
Expecting a bug market cap markup on this project coming into next bull cycle/ bear market outlier?
GMXUSDT -BULLISH Harmonic Bat🦇 +30% TPHi Traders, Investors and Speculators of the Charts 📈📉
Harmonic Bat Patterns or Cypher Patterns are a great way to setup a trade, if you can spot them . They are generally hard to spot, but plotting one out gives you a clear entry, stop loss and three TP (take profit) levels. GMXUSDT is already past the entry and the first TP, but TP 2 and TP 3 are still possible.
Here's a little bit more info on what to look out for on a Harmonic Bat Pattern :
And if you're looking for a quick masterclass on Harmonic Patterns bullish and bearish, find it here :
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CryptoCheck
GMX 22623Need to bet on Arbitrum? This is the one still.
Extremely limited supply much like Bitcoin but most of it is locked up in staking.
FUndamentals, it has a few issues that make me limit my exposure. I understand after living through the Luna disaster why a team needs admin keys. However this can work against it if that security is ever compromised.
Target is ath
GMXUSDT, key zones to watch and buy point 👀Hello guys, Everything is explained on the chart for you like always. GMX as a good Arbitrum-Ecosystem Tokens, you can keep that in your watchlist. First support zone around 73$ and point of interest is around 70$. Temporary targets will be 88 and 100$.
Good luck.
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GMX: Pullback in UptrendTrade setup : Following a breakout from Sideways Channel ($30-$60) with robust volume, price resumed its Uptrend. Price broke above $75 and is now retesting that level. If it holds, price has upside potential up to $90. Our own fundamental research recently highlighted GMX as a big beneficiary of FTX fallout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $30. The nearest Resistance Zone is $75, which it broke, then $90.
How to make money on Arbitrum?Arbitrum is one of the most anticipated and discussed projects of 2022 and 2023. The Arbitrum network is already fully launched and many users are waiting for the release of the network's native token. In addition, the Arbitrum ecosystem is actively growing and developing, with many projects appearing literally out of nowhere, capturing the market and attracting huge liquidity. But the main question for all traders is how can we make money on it?
How to make money?
All projects on Arbitrum, including Arbitrum itself, will have their own native tokens sooner or later. The more popular Arbitrum is, the higher the potential value of the Arbitrum native token and native tokens of projects that are built in the Arbitrum ecosystem is. This is the most important thing for us.
The main task of a trader is to find the most promising projects on Arbitrum, keep track of when the token appears and look for profitable trading opportunities.
Considering that our reader already has a trading strategy and knows how to trade, our goal is to tell you about the most interesting projects that you can make money on.
Prospective projects with a token
1. $GMX – a decentralized futures exchange
2. $GNS – margin trading
3. $DPX – on-chain options
4. $MAGIC – a gaming ecosystem
5. $VELA – a decentralized futures exchange
6. $RDNT – an omnichannel credit protocol
7. $MVX – margin trading
8. $GRAIL – a decentralized exchange
9. $PLS – a liquidity market
10. $VESTA – a loan protocol
11. $PREMIA – on-chain options
What to do next?
Search for good trading opportunities
Look for promising new projects on Arbitrum
Stay tuned for news on the launch of the Arbitrum native token
Check our ideas about ZK Narrative
and Asset tokenization trend
Tell us what do you think about Arbitrum in a comments section
Additionaly, write down in the comments section what narrative are you interested in the most: ZK, Asset tokenization or Arbitrum.
We will prepare more detailed info about it for you! Thanks