DYDX / TetherUSUpdated Closing in on a pump to upside or a small drop in next hours
Bullish scenario.
BB bands are squeezing tightly and going horizontally, signaling a move up or down at any moment.
Forming a bullish pennant or flag by shape, that could be bullish sign and signal the next leg to upside to 29$
RSI is kind of showing bullish divergence on hourly and 4 hour chart.
MACD levels on 4 hourly are really low, signaling it could move a bit up now.
Bearish scenario.
volume is getting lower.
RSI on daily is moving down signaling a bearish divergence. and MACD levels have crossed to downside, which is bearish.
180 day exponential moving average is located at around 19$ , and it has to touch it at some point.
So it is a possible drop to 18$ - Drop to 18$ is not that low and would be healthy and from there we could start moving up again.
I don't see it going any lower than that for now.
Hit a like if this is useful and best of luck to you all! Keep a positive outlook and have a great day! :)
BB bands are squeezing tightly and going horizontally, signaling a move up or down at any moment.
Forming a bullish pennant or flag by shape, that could be bullish sign and signal the next leg to upside to 29$
RSI is kind of showing bullish divergence on hourly and 4 hour chart.
MACD levels on 4 hourly are really low, signaling it could move a bit up now.
Bearish scenario.
volume is getting lower.
RSI on daily is moving down signaling a bearish divergence. and MACD levels have crossed to downside, which is bearish.
180 day exponential moving average is located at around 19$ , and it has to touch it at some point.
So it is a possible drop to 18$ - Drop to 18$ is not that low and would be healthy and from there we could start moving up again.
I don't see it going any lower than that for now.
Hit a like if this is useful and best of luck to you all! Keep a positive outlook and have a great day! :)
Note
It looks like a strong descending triangle that is building up strength for the last weeks since last pump to upside. So this could be a bullish move more than a bearish. But on the other hand it has not retested the last support level .At this moment i would wait for a clear brake to the upside or downside before moving in.
Note
Soon we will see which way it goes. Be readyNote
Looks like its going a bit down to the drawn support levels before beading back up again. Not enough steam and volume is getting low. I see it touching 19-20$ range as drawn in chartNote
We have touched the support line as mentioned in chart. This would be a time to wait for a clear signal where the price is going next.Note
I have opened a long position from here. With stop loss at 17$Note
We reached the 17$ target, i have spotted a new bullish divergence in the hourly and 4h chart. That is a sign of trend reversal and DYDX should go up from this point. Not go up in an hour or day, but in next days weeks it will keep rising.Note
Because of BTC drop, this went much worse than i could imagine.My calculations were invalidated. But at this moment DYDX has reached the floor and the next moves will be up and it might be a sharp pump to upside that many will miss out.
Note
DYDX has made a double bottom and my calculations is that this is the floor and could be a great entry for a long and good potential for upside in the next month and until the end of year
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