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Dydx

dydx 11-07 update>dydx is a gem 💸 this is a longer term swing for me. i'm extremely bullish on dydx, been swinging it since it came to market not too long ago. it is one of my favorite projects recently, and i do think it has a very bright future ahead of itself. ---- from the day it came to market to the local peak, i could count 5 waves within this structure; so i am labeling the top at $27 as wave (1) of a higher degree. wave (2) pulled back into the local golden zone (via linear scale), where some decent bullish divergence arose \ accumulation had taken place as demand quickly rose. wave (3) target = $42 ps. daily macd is starting to curl up, i think we could see this run pick up some steam very quickly into the days\weeks ahead. ps2. i am holding a large position from around $14, and i might even add some more if i see another setup along the way - keep an eye out for updates on this post.
FTX:DYDXPERPLong
by notoriousbids
1
DYDXUSDT , We should buy buy buy because ...Hello everybody Are you ready to start this amazing week for trading ?? In here we have new token of exchange DYDX We analysis in technical and fundamental view and i will explain it for you traders to understand why we should buy it In technical view : After the token was came to market for trading we had upward rally and the price is going up to 28$ , we need some rest and pullback for the price to buy , we shown on chart that the red zone is the zone we should buy and HODL DYDX The other reason from the technical view is we have downward trendline and the price is compressing and after compressing its ready to jump to the targets that we shown and will shown on chart In fundamental view : DYDX exchange is the first DEFI exchange in USA wanna make futures trading and its so attractive for the traders for trading in future market in DEFI area And ... If you have any question about the market or any thing you can just send us a mesaage Be with us and sleep comfortably Good Luck Abtin
Long
by Abtin00
2
I WON’T SELL my bag, not just yet!!!Today we have dYdX/BTC to talk about Easier chart to analyze than the USDT pair, as we can identify our support and invalidation area better. The bearish momentum has been stoped a week ago, and the new bullish wave is around the corner! We bottomed out, made higher lows, and currently broke out of this pattern with some massive green candles. I am aiming for the 50 fibonacci level for the next stop, The invalidation level for me is below the dotted line which creat a lower low on the chart. Plus all of that above, we are holding the 21ema on 4hr chart which is also a very bullish sign. So if we break below that ema and trend line, i will close my longs and sell my tokens, and maybe buy them back around $10. My target for dYdX is still at $31; This new protocol has a great future and I don’t think it just fades away so fast. Do you hold any dYdX for this bull run? If you do, what is your target? Share you ideas with me in the comment section And as always, stay safe stay profitable ;)
Long
by CryptoSep
4
BTC finds good support at 60k - VLOG #61BTC has been finding great support at 60k. We are starting to get lower highs on the 4 hour suggesting we could be in for some downside soon. As price gets squeezed between 60k and lower highs it increases chance of a significant move up or down. I've been wrong on major trend reversals at these points a couple times the past few months, but again, I can only really read it one way.. i wouldn't buy up here, price often comes down after highs like these, so I'm tipping for correction. PREDICTION = 60k breaks, back into the 50s. Some other ALTs I glanced at today were LSS, STEP, VRA, SLP, DYDX, DOT and KSM. === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:20 = Big candles 2:00 = 4H desc triangle 4:00 = Bearish pattersn are now bullish?! 5:15 = cryptopanic news 6:50 = Sideline money leave again? 9:00 = Dont buy tops 9:45 = CoinMarketCap alts 12:50 = Traditional markets 15:00 = LSS - Lossless 15:20 = STEP 16:00 = VRA - Verasity 17:00 = SLP 17:20 = DYDX 18:20 = DOT + KSM 19:30 = Closing words ------------------ NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
by tommytoan11
2
Closing in on a pump to upside or a small drop in next hours Bullish scenario. BB bands are squeezing tightly and going horizontally, signaling a move up or down at any moment. Forming a bullish pennant or flag by shape, that could be bullish sign and signal the next leg to upside to 29$ RSI is kind of showing bullish divergence on hourly and 4 hour chart. MACD levels on 4 hourly are really low, signaling it could move a bit up now. Bearish scenario. volume is getting lower. RSI on daily is moving down signaling a bearish divergence. and MACD levels have crossed to downside, which is bearish. 180 day exponential moving average is located at around 19$ , and it has to touch it at some point. So it is a possible drop to 18$ - Drop to 18$ is not that low and would be healthy and from there we could start moving up again. I don't see it going any lower than that for now. Hit a like if this is useful and best of luck to you all! Keep a positive outlook and have a great day! :)
by UnknownUnicorn26369879
3
DYDXUSDTI missed this the first time around and have been watching it for the last few weeks. As it often happens in crypto, you get a second chance. I think we have hit bottom. This looks like an inverse head and shoulders formation within a descending broadening wedge. There was so much hype around this coin that has now died down; I think the second coming will be here imminently. Buying in the $15-$16 range. Seems like a solid bet to me. Ranked just inside of the top 100 coins. Are people actually using this exchange? Will it be the next FTX or Binance? Who knows.
Long
by walkin
CHR 300%+ GAINS AHEAD!Head and shoulders pattern formed on Daily, (more like cup and handle on weekly), and broke the daily and 2 day zone with a very strong bull candle. Price is a little choppy right now for shorter term entry, so best play is to just put a position in and hold bc the gains on this are going to be ridiculous. Over 100% away from first fib level! and over 300% away from the 3.618, which based on past price is most likely where we will see it go to before a longer term retest. **This thing is an ABSOLUTE GEM** DYOR
Long
by CMSTrading
11
🧮dYdX- Bottom is in? FIB 1.618 & 0.618(Forgive me the messy chart, but there's no other way I can present this) The chinas ban on crypto and temporary hype on decentralized exchanges pushed DYDX to #1 spot in terms of 24h volume. But the hype didn't last long, so the price suffered 50% decline. Now it looks like the bottom is in. The price has sat on 15.00 level creating potential double bottom. There's a confluence of 1.618 & 0.618 fib levels. Bullish divergence is visible on both MFI and RSI indicators. Entry: buy at current price(green box) -- or wait for the confirmation: the price to break the neckline of this potential double bottom (watch lower timeframes) Long-term targets: TP1: 16.76 TP2: 18.42 TP3: 19.47 TP4: 25.09 ----------------------- About DYDX: dYdX is a non-custodial decentralized exchange that allows users to leverage trade via Ethereum smart contracts. This gives traders the ability to trade on margin while also benefiting from the security provided by Ethereum. dYdX also partnered with StarkWare to build a layer 2 protocol for the exchange. This allows traders to deposit funds and trade instantly without paying gas fees for every transaction. Source: yahoo
Long
by V0VOLAN
4