GLMRUSDT has formed an M pattern on the daily chart, indicating a potential trend midterm reversal. The M pattern is a technical analysis pattern that occurs when a coin price reaches a high, pulls back, and then reaches another high at nearly the same level as the previous high before pulling back again.
In the case of GLMRUSDT, the first high was formed on February 9th at around $0.5582, followed by a pullback to around $0.3984 to form the pattern Neckline. The second high was formed on February 20th at around $0.5698, which is nearly the same level as the first high, followed by another pullback to the neckline.
This M pattern suggests that GLMRUSDT may be reversing its previous uptrend, and could be headed for a downward trend. I will suggest looking for shorting will be a wise decision here till price reaches our new BUY BACK ZONE.
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In the case of GLMRUSDT, the first high was formed on February 9th at around $0.5582, followed by a pullback to around $0.3984 to form the pattern Neckline. The second high was formed on February 20th at around $0.5698, which is nearly the same level as the first high, followed by another pullback to the neckline.
This M pattern suggests that GLMRUSDT may be reversing its previous uptrend, and could be headed for a downward trend. I will suggest looking for shorting will be a wise decision here till price reaches our new BUY BACK ZONE.
Do make sure to appreciate our effort with your likes. Remember to follow us for latest update and join our live trading update. As always, it's important to conduct your own research and analysis before making any trades, moreover, never risk more than what you can afford to lose.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.