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Dydx

DYDX UPDATE : start of new cycle ?DYDX/USDT since listing of this coin in major exchanges it kept dumping for almost 1 year Finally we got the first clear breakout from descending broadening wedge pattern after 3 major bearish waves This breakout could be a shift of trend and new bullish cycle for this coin The most important support here is marked as blue color rectangle which should hold to remain bullish otherwise i would consider it to be a scam coin if broken down too What do you think about DYDX ? Share me in comment section below ⬇️
Long
by Babenski
17
DYDX correction to 5.20$BINANCE:DYDXUSDT Dydx now underrated. Where ill start buy Dydx again? Where ill take a profit on local correction? And why Dydx can pump to 5.20$? ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Fib since drop in April. ➡️Perfect call to sell by "Trade On" indicator ➡️Accumulation phase between -0.18 and -0.618 levels ➡️Forming lower low in June and took liquidity. Correction to drop can be at least to 0.5 level by fib 5.20$ ➡️2 signals Strong Buy in May and June ➡️Rejected at "Take profit" line. If we capitulate one more time we can drop to 1.05 (now its a "Buy line") Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
DYDX – perfect setup!Hello, everyone! Let’s continue analyze altcoins. Today I found for you the asset with the perfect Elliott waves formation. I will show you evidences that this formation is valid, thus we can be confident in potential trade setup. On the 4h timeframe DYDXUSDT chart we can see the clear picture of 5-wave Elliott formation. Wave 1 had the price correction exactly to 0.61 Fibonacci retracement zone, after that the wave 3 was extended and was finished at 2.61 Fibonacci extension. Taking into account wave 2 have been ended at 0.61, wave 4 have to be finished at 0.38, that was the case. Wave 5 finished at 0.61 Fibonacci extension in conjunction with the divergence created the condition for whole Elliott wave cycle end. Now DYDX is in correction ABC. Wave A have been already ended and wave B is forming. 0.61 Fibonacci retracement is the target for the wave B ($1.50). After that we can wait for the wave C. The target area for wave C and whole ABC correction is the 0.618 from the 5-waves cycle. I am going to enter long position at $1.35. Best regards, Ivan ________________________ Guys, if you like my trading ideas, please support me with your boosts and comments!
by Skyrexio
8
🔥🚀$1.80 is a min target for long on DYDXHi, friends! Put on the watchlist this altcoin because the huge breakout might happen soon. Now the price consolidating below the key level of $1.58 and i think will be broken up soon. 📊 Preconditions to open a long: 🔥 squeeze to the $1.58 key level 🔥 huge whales BUY orders which support the price and don't let it fall down. I check it by using DOM and Footprint scalping tools. 🔥 bullish BTC 🚩 I highly recommend to pay your attention to the false breakout when the price reach the first closest value area. I will book 100% of profit if the false breakout happen and try to find the best entry point, of course. ✅ My targets for DYDX: 1. $1.79-1.85 - the closest resistance and value area 2. $1.98-2.13 - the important value area and even number 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
1
Both TA And FA Supporting DYDX (Top Investment)Hello, I am Tommy. I am using Naked-chart only. If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it. I'm seeing a big opportunity for DYDX in both FA and TA aspects, of course, both Future and Spot Trading ( but Spot is recommended ) TA: - Day TF's MA21 is showing a strong support/resistance area (blue arrows) - Recently, MA21 has refused to break out twice, but after each time, the falling price range of DYDX fluctuates narrower and narrower. - If a resistance line is touched again and again with a price range after resistance declines, then there is a high chance that the price will break out of that resistance line on the next time (the further it is, the more likely it is that the price will break out) - The daily candle is about to close now (few hours left), and the price action has started to breakout, so I can enter first at this point (this is based on experience) - RSI is starting going up - My first target is the MA50, where I will watch the price action for further actions FA: - DYDX is a token of DYDX Exchange, basically not a junk or 'trash' token - The current marrketcap of DYDX is only $84M, a very modest number for a main token of DEX Trading (which I believe DEX Trading will be the future) - The revenue of DYDX exchange in the last 30 days is nearly 6M$ - most of it is fees collected from traders on the exchange, which is not bad. In the past, DYDX turnover in 30 days used to be close to $100M - Ref here - DYDX is one of the rare remaining tokens that have not been pushed after listing on Binance (also GAL) - That's why I strongly recommend Spot Trading for DYDX. With Spot Trading, I don't set Stop-loss because I have great faith in DYDX (of course I won't all-in my entire savings lol) > Entry: 1.26 - 1.27 > Stl: 0.93 > TP1: MA50 (Day TF) > TP2: 1.8 > TP for Spot Trading: $9.95
Long
by BuyDinhSellDay
1
DYDX PUMP Imminent...The DYDXUSDT price is starting to show "signs" that buyers are trying to push it off the bottom. The downtrend has been going on for exactly a year, at the beginning of last October the price high was set around $28 for DYDX, and the low was $1 on June 22. At the moment, the medium-term target for the growth of the DYDX price is in the range of 6-7 dollars. - But before that, DYDX buyers need to break through the red downtrend line and fix the price above $1.70 - The next important stage that buyers and enthusiasts of DYDX will need to overcome is to break through and consolidate the price above $3. It will be difficult and at the same time very important, because $3 was the starting point of DYDX trading and this is a kind of psychological breakthrough and belief that the price can grow again. - Only after these two conditions are met, it will be easier and more encouraging to think and believe in growth to $6-7 for DYDXUSD Trading is fun, don't lose money trying to make money. Invest Wisely and Responsibly.. Traders with $1000 and above can send me a message for 15% profit within two weeks..
Long
by ceoatumah