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Dydx

It crossed the $2 resistance!DYDX has rallied more than 25% today, with the currency breaking through the $2 resistance. As you can see, the price trend in the daily time frame is the range, and its fluctuation range is considered between the resistance of 2.7 and the support of $1. The high buying pressure during the past few days can signify the price leaving the range trend and changing upward. Therefore, to break the ceiling of the range channel, it is very important to maintain the support of $2. There is also the potential for forming a double bottom pattern in the weekly time frame. Therefore, breaking the resistance of $2.7 and stabilizing the high price of this area can confirm the pattern and continue moving up to the resistance of $6. For the short term, the important resistance of $3 can prevent price growth while continuing the short-term price path. Therefore, in this range, there is a possibility that the trend will suffer in lower time frames.
by MonoCoinSignal
1
DYDX is bouncingDYDX is decentralized exchange's crypto, a promising one. It was in a descending channel and touched the ATL in mid June. After making a 170% recovery, it continued to go down to be close to the previous ATL. In my opinion, now it is a good opportunity to buy DYDX for both mid term (a few months) and long term investment. For the longterm hold, I'll post another analysis to explain my point. For mid-term, we see some bullish signs Inverted hammer (with relatively low volume) Bullish divergence Prices at strong support (ATL area) We will need more volume the next days to confirm a strong reversal.
Long
by evasivesteering
2
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 – 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