GMX Technical Analysis in 3-Day Timeframe

18 июл.

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

GMX recently rebounded from its lower support trendline and is gearing up for a potential rally toward $40+.

The 21 MA is acting as temporary resistance, and once GMX breaks through this, it is likely to test the upper resistance at $45.

- Entry range: $22 to CMP.
- Close Position: If it breaks down below $22.
- Short-term Target: $42 to $58.
- Mid-term Target: $58 to $72.
- Long-term Target: $71 to $91.

DYOR, NFA.

Smash the like button, share it with your crypto enthusiast, and follow for more updates.

Thanks

#GMX #cryptocurrency