$GMX Trends are mixed, however, there are improvements. It | SkyNet Trader on Binance Square

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$GMX Trends are mixed, however, there are improvements. It had a bullish breakout from Falling Wedge pattern and rallied +30% to $35, where it got rejected. We would be buyers on pullbacks to $22 support, with +30% potential upside to $30. Stop Loss at $20.

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$ADA Price broke out of a Channel Up pattern and currently price is near the $0.57 resistance trendline and is very overbought (RSI ~ 80). Hence, price is likely to pull back near-term. Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Neutral. Momentum: Price is Very Overbought currently, based on RSI-14 levels (RSI > 80). Support and Resistance: Nearest Support Zone is $0.35, then $0.28.

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$COMP Bullish breakout from Descending Triangle pattern could see the price revisit $50 or even $55. Stop Loss at $38, just below the $40 support. Pattern: Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend: Short-term trend is Up, Medium-term trend is Strong Down, Long-term trend is Strong Down. Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance: Nearest Support Zone is $45.00, then $40.00. Nearest Resistance Zone is $50.00, then $55.00.

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$XRP Price is in an uptrend. After a bullish breakout from Symmetrical Triangle, price reached our target of $0.67. We would be buyers on pullbacks to near $0.50 support, which could be a swing trade entry opportunity with +30% potential upside back to $0.67. Stop Loss at $0.48. Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Down. Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance: Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.57, then $0.67.

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$WIF Breakout from Channel Down pattern signaled a bullish trend reversal and price reached our target of $3.00 for 50% gain. Now we look for the right entry opportunity in Uptrend. Pullback near $2.00 support could be another swing trade entry in Uptrend with +50% upside potential back to $3.00. Stop Loss at $1.85. Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Trend: Short-term trend is Strong Down, Medium-term trend is Neutral, Long-term trend is Strong Up. Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance: Nearest Support Zone is $2.00, then $1.50. Nearest Resistance Zone is $3.00, then $3.75.

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$UNI Price has gotten rejected at the 200-day moving average (~$7.80) several times now, which was followed by a bearish breakout of a Rising Wedge pattern. We need to see price break back above $8.35 horizontal resistance and 200-day moving average, which would signal resumption of uptrend with +20% potential upside to $10 thereafter.

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