dYdX / TetherLong
DYDX uptrend
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DYDX had a very long downtrend just like most of cryptocurrencies and tokens, any how, it started another trend inside its downtrend channel which resulted in breaking out the upper line of the channel, since its movement started from bottom line of the channel it may crash down inside the channel again, unless otherwise, BTC starts a new strong rally in its new 44k zone, which will cause a strong rally in total market of course the total market cap of the cryptocurrencies again jumped over $2 trillion, which is andother good sign for market.
Anyway DYDX after this break out may form a pullback then starts its journy toward upper resistance zones which have been marked with blue lines and pivots have been done as well, DYDX started from $4.23 support and if all goes well, it may hit to $7.14 & $8.93 respectively in shortterm.
# Never risk more than you can afford to lose.
This is a personal idea and I am not a financial adviser.
DYDX had a very long downtrend just like most of cryptocurrencies and tokens, any how, it started another trend inside its downtrend channel which resulted in breaking out the upper line of the channel, since its movement started from bottom line of the channel it may crash down inside the channel again, unless otherwise, BTC starts a new strong rally in its new 44k zone, which will cause a strong rally in total market of course the total market cap of the cryptocurrencies again jumped over $2 trillion, which is andother good sign for market.
Anyway DYDX after this break out may form a pullback then starts its journy toward upper resistance zones which have been marked with blue lines and pivots have been done as well, DYDX started from $4.23 support and if all goes well, it may hit to $7.14 & $8.93 respectively in shortterm.
# Never risk more than you can afford to lose.
This is a personal idea and I am not a financial adviser.
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