BTC MARKET ANALYSIS BTC has been total confusing right now, but data ans TA show BTC can go down upto 59500 for short term. But 64000 is expected.
GMX
Spotting Reversal Potential: GMX/USDT Daily Chart Analysis💎 Paradisers, let's take a closer look at GMX/USDT. On the daily chart, a head and shoulder pattern is emerging, hinting at a potential price reversal. Here's the breakdown: the left shoulder indicates higher highs, the head continues this trend, but the right shoulder? It's showing a lower high, signaling a possible shift.
💎 For this pattern to truly manifest, we'll need to see a breakdown of the neckline, confirming the trend of lower highs and lower lows. Specifically, a dip below the demand zone of 38.07 could pave the way for targets at 25.77 and even 15.92. However, a word of caution: if the price climbs above the right shoulder's peak, specifically the 63.07 mark, this pattern could be off the table. Why? Because that would mean a new higher high, disrupting the pattern's integrity.
💎Stay sharp and keep those charts handy, ParadiseSquad!
