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Dydx

DYDX in symmetrical triangle#DYDXUSDT #DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users. dYdX Trading Inc. has played an essential role in developing the dYdX Layer 2 Protocol and finding product-market fit. Beginning with the vision of a decentralized protocol for advanced crypto-financial products, they have since designed three protocols to advance that vision and scaled with the dYdX Layer 2 Protocol using StarkWare to create the best user experience. $DYDX is in a bullish trend from the beginning, now price is above a strong support zone, that include so many support lines too. also I see a symmetrical triangle which is a bullish pattern, a break out from this triangle will take price to $32 or even $38 in midterm.
Long
by parissap
DYDX looks bullishDYDX in descending triangle, 200sma almost hit, we need it above 20sma, could bounce back down from 20sma (blue line) and hit again 200sma (red line) until going up... doesn't have to, but I have seen it too many times... Looks bullish on 1 and 2 hrs. On 4hrs doesn't look bad, can turn bullish soon. Also, this support zone is at 0,382 fib. I would really like to see this RSI trendline broken also... All cards are in for a possible nice move-up... Good luck traders
by PhilosophersStone
DYDX the Hidden Gem of Q4 2021The native currency of the DYDX exchange, which is also trading under the same name, in my opinion, it's one of the most potential currencies in the DEFI field and with stunning growth for 2021 in the fourth half. (GEM OF Q4 2021) As you can see, the price is almost fluctuating in an uptrend channel and is currently very tight in the range of the channel ceiling, which is very likely to break this pattern from above. For this reason, if the density is broken, you can enter this Long Position and keep this currency at least until the initial target of $ 33. In the long term also, the higher goals shown in the chart can be achieved. My suggestion is to hold part of the portfolio and allocate it to this future digital currency.
Long
by SasanSeifi
4
DYDX 6h Why it's growingToday we are going to look at something new and hot, namely DYDXUSDT trading pair. But let you write in comments what is the value of DYDX token and why its price is growing so much, and we will write possible scenarios. To begin with, there are only about 6% of DYDX coins in circulation right now of the maximum allowed amount. The law of supply/demand tells us that increasing the coins in circulation will increase their supply in the market, and consequently there will be more pressure on the price. For ourselves, we have identified the $29.50-30.50 price zone as the critical zone for growth. The way to reach it may be as from the current price (because for several previous days the DYDXUSD price is moving up against the BTCUSD correction), or through a correction to the area of $19 . The second option would be more comfortable for us, because then you can enter the position with acceptable risks for the trade, now the price is too high, and the adequate stop is too far away. If the price of DYDXUSDT fixes under $19 , it will not be good for those who bought on the rise and has a long position, because the first stop of the fall in such a scenario is seen no earlier than $11.50. A more global forecast that you are used to reading here from us, it is difficult to write about this pair, because the trading history is very short. But if this idea will be interesting for you and will get a big amount of comments and likes , we will write reviews about it with a certain periodicity. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
52