DYDX Approaching Make-or-Break Pivot for Major Reversal

746
The DYDX/USDT weekly chart outlines a complex corrective WXY structure with price currently approaching the Immediate Drop Target Zone (IDTZ) near $0.50. A failure here could lead to a drop toward the Extreme Demand Zone around $0.079. However, reclaiming $1.132 and breaking above the descending trendline could trigger a bullish reversal toward the Important Supply Zone ($4.42–$4.55).

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.