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Dydx

TA of DYDX/USDT: Potential Breakout and Buying Opportunities Chart Analysis Shows DYDX Testing Fibonacci Retracement Level and Potential for New All-Time High in Upcoming Bull Run:- #DYDX is currently trading at $2.855, and the chart shows that it recently broke out of a major resistance level and is currently trading around 250% higher than its last bottom. It has also risen 150% from its last breakout. The previous breakout was followed by a retest and was perfectly executed. At present, DYDX is trading in a parallel channel, and a breakout from this channel is crucial. A high-time frame candle closing above $3.30 or breaking the recent high of $3.68 would be the best entry point as per technical analysis. Based on the chart, I anticipate that DYDX may test the 0.0618 Fibonacci retracement level and then experience a significant upward rally. Therefore, the best buying opportunities would be around the parallel channel support area, which is between $1.40 and $1.70. In the long term, I expect that #DYDX will break its new all-time high in the upcoming bull run and could reach $30. The support levels for #DYDX are $2.44, $1.65, and $1.11 while the resistance levels are $3.47, $7.50, $13, and $24 This is just my opinion, and it is not financial advice. Before investing in any coins, I recommend doing your own research. I will update my social media channels if anything changes in the chart. Please Like, follow, and share for more live updates on technical analysis and breaking news on crypto. Thank you.
Long
by CryptoPatel
6
DYDX is preparing for a big move to the upside!DYDX on the daily time frame is up trending with no doubt! 1st. After the considerable correction for the first time in 30 days, DYDX has managed to change end the correct buy creating higher high on 4H timeframe. 2. Now it the time for a small consolation that leads to creating a new hight on the daily and in this move it might reach the upper supply zone( marked on the chart) that will be a 100+% target. It’s far away! But if Bitcoin will reach 30’s this will be achieved in a matter of 30+ days. This is not a financial advice. It’s my way of thinking based on my interpretation to the data on the charts. First TP
Long
by kvmass2013
DYDXUSDT Short (First time sharing my idea)Note : My ideas are not meant to be a financial & investment advice, Trade on your risk and your believes ;) Please take in your consideration, I only trade for small profit between -$150/+$60 to +$300/+$500 a day 3 or 5 day a week (sometimes 2 days a week & some 7 days) it's depends on the market. so usually TP1 is enough to take all out. About the chart, I don't use too many indicators only volume and a naked chart most of the time, but I know this coins moves. So, I think after hitting the TP1 & TP2 it has good probability of about 70% to hit TP3, but before that happen we will see a pullback from TP2 to TP1. Then we will see the scenario.
Short
by UnknownUnicorn34782609
Buying $DYDX First trade Trade type AAA Reasons for taking this trade: - The 50 level of the swing low and swing high did not work. That is good, this because price is not expected to obey 50fib level but its supposed to go lower since large orders take time to be filled. - Price is in an uptrend therefore taking longs makes so much sense. - Price is at 3rd stage liquidity. - Price surpassed the breakout and retest level hence the retest is supposed to happen. Price will have to go back to that level. - 1HR Timeframe is closing bullish. - NY open is here hence this will pump liquidity Trade type glossary Type AAA - Very Good Type BBB - Nice Type CCC - 🧐
Long
by Sherman_Trades
DYDX/USDT Chart DYDX Coins' price of may experience a slowdown. It is important to note that the cryptocurrency market can be highly volatile and prices can fluctuate rapidly. It is recommended to conduct thorough research and seek financial advice before making any investment decisions. It is possible that the price of DYDX Coin, currently at $2.925, may decrease BINANCE:DYDXUSDT in the future. As with any investment, it is important to consider the potential risks and to conduct thorough research before making a decision.
Long
by NasirKJKhan