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InvestingScope
Apr 5, 2023 11:44 AM

GMXUSD: Outside its Triangle, targeting 100. Long

GMXCRYPTO

Description

GMXUSD is attempting to close today over its short term Triangle pattern, which is just a neutral formation inside the long term bullish Channel Up pattern. The 1D technicals are bullish (RSI = 62.080, MACD = 0.000, ADX = 29.989) and if the 1D RSI crosses over the LH trendline, it will be the buy trigger we need to target firstly the R1 (90.00) and secondly the top of the Channel Up (TP = 100.00).


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Comments
SwallowPremium
We have been also looking at this one. What caught ur attention here?
RLinda
Wow, great technical analysis. I like your work.
linofx1
Good trading setup 👍
FirstNameHelen
Nice analysis, many thanks mate
KlejdiCuni
I am watching for the same price development close to the upper resistance. Thanks
WalterMoon
I am totally agree with your analytics
Tolberti
Amazing idea, thanks for sharing!
DeGRAM
Execellent chart analysis.
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