DYDX/USDT - Market Update 07.08.22
Hello Traders!
DYDX completed the fall phase, after which the consolidation range of $1.00 - $3.17 was formed.
Based on the analysis of the smaller timeframes and the current state of the market, we can assume the continuation of the local growth to the upper border of the consolidation range - the level of $3.17. Further, we can expect the beginning of descending price formation with the purpose of liquidity gathering to the lower border of the range - the level of $1.00.
Specifically interesting will be the purchases in the range of $1.00 - $1.44. The targets will be the levels of $2.44 and $3.17
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
DYDX completed the fall phase, after which the consolidation range of $1.00 - $3.17 was formed.
Based on the analysis of the smaller timeframes and the current state of the market, we can assume the continuation of the local growth to the upper border of the consolidation range - the level of $3.17. Further, we can expect the beginning of descending price formation with the purpose of liquidity gathering to the lower border of the range - the level of $1.00.
Specifically interesting will be the purchases in the range of $1.00 - $1.44. The targets will be the levels of $2.44 and $3.17
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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