This one is trading inside the daily resistance zone. The price might get rejected from there and head for the support zone 2.56-2.58 marked in green on the chart.
S/R flip in progress, big move next! DXDY broke out of resistance and is currently retesting, succesful s/r flip and im looking at 2.8 area for first target.
Today let's take a look at the DYDX token from a technical and fundamental point of view.✅ Fundamental : dYdX is a decentralized exchange and trading platform built on the Ethereum blockchain which enables users to trade cryptocurrencies with margin, lending and borrowing, and perpetual swaps through a non-custodial platform. dYdX has a user-friendly interface...
take care, there is very important and strong overlap (white area) we have trend , kijon and price level from 40400$ to 41100$ focus this is Daily chart !
DXDY formed descending triangle and made the break out. Now its testing the support again which is great entry point for a trade. Im looking for the top of triangle as initial target.