Perfect Cup and Handle formed on a Weekly Chart. BULLISH!
Updated
DYDX, aside from the wave of moving into what crypto is supposed to be “decentralized”….This chart screams bullish with no intent to stop once it rips. You can see a beautiful cup and handle formed and this accumulation has been like this since February of 2023….if you go back further the first wave of accumulation started in may of 2022… Volume on the handle that started forming in Nov 2023 has now gradually went down and is a great sign that selling pressure is exhausted/coming to a end and we can expect whales to pump this thing up from here.
Note
The trend is your friend. Be prepared for possible liquidation manipulation per bitcoin movement. i can expect a rapid decline in bitcoin this month very much possible after we hit a new btc high as whales love to manipulate the market and short and long people out just to make there bags bigger. Happy trading!!
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