DYDX/USDT Technical Analysis in 3-Day Timeframe.
Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
DYDX demonstrates significant historical price movements with clear support and resistance levels. The price has experienced strong rallies from the support zone, suggesting potential for future upward moves.
The $1.005 has stood as a strong support for DYDX since June 2022. If the price follows the historical pattern, it might target the resistance at $5, aligning with a projected 384.86% increase.
Key Observations:
~ Strong Support/Entry Range: $1.005 to $1.173.
~ Resistance/Target: $5.
~ RSI: Oversold.
~ Invalidation point: Breakdown and close below $1.005 support.
DYOR, NFA.
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Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
DYDX demonstrates significant historical price movements with clear support and resistance levels. The price has experienced strong rallies from the support zone, suggesting potential for future upward moves.
The $1.005 has stood as a strong support for DYDX since June 2022. If the price follows the historical pattern, it might target the resistance at $5, aligning with a projected 384.86% increase.
Key Observations:
~ Strong Support/Entry Range: $1.005 to $1.173.
~ Resistance/Target: $5.
~ RSI: Oversold.
~ Invalidation point: Breakdown and close below $1.005 support.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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