Dydx
DYDX - Double Bottom's Neckline Broken 👌Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DYDX has been one of the most gainers throughout January with over 200% move.
DYDX broke a yearly range in the shape of a double bottom in blue, confirming a long-term shift in momentum to bullish.
🏹 The bulls already took over by breaking above the upper blue neckline.
As per my trading plan, as DYDX retests the zone, I will be looking for buy setups on lower timeframes to catch the next impulse movement upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DYDX (Y23.P1.Video1) #WYCKOFF Alignment spot onHi Traders,
This is a cointinuation of the previous post on DYDX.
I talk about targets and how they are aligned to some fibs and if it correlates well with BTC, then this makes sense.
I also give a #BTC update on this.
Please give me a like and share,
Regards,
S.SAri
DYDX 127% profits after my call.. what next?#DYDX / USDT
DYDX the only coin i posted its signal in public this season
Finally it reached the full setup profits and made 127% profits (spot) in almost 2 weeks !
Congratulations if you followed my bottom entry (1.3$)
Here is my previous setup check here : ⬇️
WHAT NEXT?
First we secured some of our profits here
Second look at HTF charts of DYDX
It tries to breakout the accumulation phase and it looks it just started
After current resistance we have 3.5$ - 4.3$ - 7$ - 10$ are possible next LONG TERM targets
Dont forget to like and follow for more
Best of wishes
DYDX (Y23.P1.E1).WYCKOFF Alignment spot onHi Traders,
Hope all is well.
The schematic tells the story., so far aligned and likely targets are the fib 1, then a pause to only continue to fib 1.414 and 1.618.
Please give me a like and share,
Regards,
S.SAri
We need to close above the TL and 618 to go long
DYDXUSDT Triple Bottom!What is the triple bottom?
The triple-bottom reversal pattern has three roughly equal lows and indicates an opportunity to take a bullish position. Before the triple bottom occurs, the bears are usually in control of the market, forming a prolonged downtrend. The first bottom does not indicate anything out of the ordinary. Still, the second and third bottoms show a change in direction where buyers (bulls) may push the price action higher after the price breaks through the resistance.
Dydx is currently trading at 2.89
The DYDXUSDT has broken its triple bottom resistance line after 8 months of ranging market, indicating a strong bullish sentiment. and you can see high trading volume in the daily chart, expecting a potential up move.
Thanks
Hexa
DYDXUSD broke above its 1W MA50, one last Resistance remaining.DYDXUSD broke on Jan 27 above its 1W MA50 (red trend-line) and by the looks of it will most likely close above it today for the first time. That is a major technical bullish break-out but at the moment not enough on its own to signal a bullish trend change.
The level it needs to break is the 2.7300 - 2.8600 Resistance Zone, which has been holding since May and has basically formed the Accumulation Phase of DYDX during the bottoming process of the Bear Cycle. A break above it should eventually target the 7.15000 (April 04 2022) High on the long-term. A rejection could take us back to the 1D MA50 (blue trend-line) to test the buying pressure.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
DYDXUSDT idea✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
LINK - DYDX - SUSHI || Coincidence? I don't think so Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my trading plan / routine, I update my charts and alerts every Sunday night to be ready for the upcoming week.
Tonight, while going over all the charts, I noticed that these there assets / tokens are forming similar price action.
LINK - DYDX - SUSHI || Weekly Chart:
After rejecting a support zone and round number, these three have been stuck inside a range in the shape of a double bottom pattern.
🏹 For the bulls to take over long-term, we need the double bottom pattern to get activated by a momentum candle close above its neckline in gray.
Meanwhile, until the bulls take over, we would be stuck inside the range.
📚 We know that the entire crypto market is correlated in a way or another, but these three took my attention as the similarity is huge.
what do you think? is it a coincidence? are these three somehow related?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Long Entry at Channel Bottom for dYdXGreetings, Snipers!
DYDX has dropped >95% since its peak in 2021
DYDX is currently at the bottom of its channel range at $1.00-$1.20, with previous strong retracements
This may draw a potential sideway channel or a triple bottom pattern
The $1.00 level is expected to be a strong psychological support
$2.30 - $2.70 have posed to be a strong resistance level
In the shorter time frame, we can trade this channel:
We can take a long-entry now, at $1.00 - $1.10, and sell at $2.30 for a Risk-Reward ratio >5 (SL at $0.84).
Please be mindful that Bitcoin is on the verge of breakout of its continuation pattern to the downside, so manage your risks well!
Happy Sniping!