Get started

Dydx

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
400% growth DYDX price is real, but there are several conditionsThe 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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
25
$DYDX - Bulls breaking FALLING WEDGEHello my Fellow TraderZ, Few days ago I made an analysis on $DYDX ranging inside Descending Channel Pattern on 4 HTF. Although price gave a Fakeout and create a Double Bottom and again came back inside the channel and breaking upward of the channel. BULLISH DIVERGENCE is still valid + Price is trying to come above the EMA 55 on 4 HTF + Breakout Volume is Pretty good enough. Also look on DTF, #DYDX is forming a FALLING WEDGE Pattern which is generally Bullish in nature. For strong confirmation look for the daily close above the Wedge and the Resistance area of $1.30. TP 1 : $1.41 TP2 : $1.52 SL : according to your own R:R Note : never underestimate #BITCOIN which could ruin the Party. Happy Trading Fam. CHEERS!!!
Long
by TRADER-GOKU
Derivatives, Synthetics, FOREX...Next Big Opportunity?For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain. That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional market). In this comparison, I put some of the projects that I consider to have upside potential, after listening to some analysts and also from my own experience. I also put on the chart the price of BTC and ETH for benchmark. Projects and tokens: Synthetix (SNX) (via Optimism or Ethereum) GMX (GMX) (via Arbitrum or Avalanche) Gains Network (GNS) (via Polygon) dYdX (DYDX) (via Etherem) Mango Markets (MNGO) (via Solana) Perpetual Protocol (PERP) (via Optimism or Ethereum) Deri Protocol (DERI) (via BSC or Arbitrum)
COINBASE:SNXUSDLong
by andre_007
1
Is DYDX the top investment?DYDX is the top exchange among DEX, the largest volume of all DEX exchanges today, together with uni, it showed one of the largest bounce among the top coins, which is a very positive signal for all coins of dex exchanges and in the future, with the next growth waves, DYDX and UNI should show a good profit. Now we see how DYDX is forming a possible bullish wedge and if the market does not show a sharp drop and DYDX holds the key level of 1.5, then we can consider longs when the bullish wedge is broken and fixation above the level of 1.64 with potential targets of $2, $2.5
Long
by razumcapital
DYDX - Beautiful shortReasons to take short: ⭐️ CPI released today ⭐️ Couldn't update high ⭐️ Volume at top ⭐️ Level is 51 days old ⭐️ Level is seen on daily tf ⭐️ 4th touch ⭐️ Under VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
Short
by Artem_Dishel
10