Hello my friends, today I want to talk to you about GMXUSDT
wait for breakout otherwise my idea says not good buy now
see on chart
NO DOUBT FA STRONG ALSO GMX HOLD IS GOOD
Good pump today that is currently being sold into. I believe there is a good chance of retracing to the 12H support neckline for the retest and a good buy opportunity.
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.
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.
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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...
Idea: The price is in the overbought zone (candle color). A lot of bearish signals have been formed. High probability of price correction to the POC level and the last 50 MAs
GMX has broken above the strong horizontal resistance on daily time frame.
The bulls need to hold above the breakout zone.
The bulls are in control.
Manage tour levels accordingly.
Hello everyone,
I hope all is well for you,
Today, idea for GMX,
Falling wedge break, possible retest of the down trend before a pump.
BTC can down at every moment, so care, low leverage and risk management. Keep eyes on DXY (last idea)
• Target are resistances.
• You can put an SL under the big support.
Have a nice evening and week-end Trading view community.
currenly we broke the trend line on daily chart...
Major support at @33,
if price fail to hold.. we might see price hit @27 - 24 demand zone! hopefully we get a relief bounce from that zone!
eyes on price actions, daily candle close within key areas will determine potentials entries!
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
Hi All,
GMX is one of those I'm looking to get the bottom for accumulation and go long.
For now, we have made a top to only pullback like #OP to a base accumulation range.
With a ABC correction, we could have a breakout descending wedge trade very much in like a rise wedge breakout entry.
Note how its aligned with the Livermore (broadening wedge)...
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.
