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Dydx

🚧DYDX will Go Up Again🚧 Road Map(1-W)🗺️!!!DYDXUSDT was in the ascending phase by the ascending triangle and cup and handle. DYDXUSDT is in a large ascending triangle on the weekly time frame and also on C&H if it follows these patterns, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the triangle or cup and handle is broken down with the power of descending candles, our analysis will fail. 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
3
DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase. This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
Long
by CryptoPAMM
DYDX/USDT - dYdX: TD Sequential◳◱ On the $DYDX/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 3.537 | 3.731 | 4.176 and support near 3.092 | 2.841 | 2.396. Entering trades at 3.09 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: dYdX ▣ Rank: 102 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: dYdX is a decentralized exchange built on the Ethereum network delivering key financial instruments to users such as perpetuals, margin and spot trading, as well as lending and borrowing. dYdX equips traders with off-chain order books with on-chain settlement and enables them to short-sell tokens, increase exposure by longing with leverage, or earn interest on deposited tokens to move quickly. dYdX leverages StarkWare's Layer 2 to eliminate the need to trust a centralized exchange while trading, and thus combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange. ◰◲ Technical Metrics : ▣ Mrkt Price: 3.09 ₮ ▣ 24HVol: 55,952,061.639 ₮ ▣ 24H Chng: -4.275% ▣ 7-Days Chng: -3.92% ▣ 1-Month Chng: 30.06% ▣ 3-Months Chng: 50.31% ◲◰ Pivot Points - Levels : ◥ Resistance: 3.537 | 3.731 | 4.176 ◢ Support: 3.092 | 2.841 | 2.396 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 3.25 ▣ Last 90D: 2.11 ▣ Last 1-Y: 1.07 ▣ Last 3-Y: 0.05 ◲◰ Volatility : ▣ Last 30D: 1.54 ▣ Last 90D: 1.01 ▣ Last 1-Y: 1.08 ▣ Last 3-Y: 1.29 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.80 - V. Bullish ▣ In-depth DYDXUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
DYDX flight is not over yet!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅ Technical: prolonged growth has formed a structure with a downward movement and has broken through the local countertrend, there is the potential to reach an update high towards $3.9-4. I do not rule out that there may soon be a squeeze movement down all alts, so be careful with your leverage! In theory, you can try to take 10-15% from here without leverage.
Long
by DanilBlinkov
DYDX Chain Starts Paying Trading Rewards Following DAOKey Takeaway 1. dYdX Chain has enabled trading rewards for users of its decentralized derivatives protocol following the launch of full trading on the new Cosmos-based Layer 1. 2. A six-month incentive program has also been initiated, offering rewards worth $20 million in DYDX tokens. Cosmos-based Layer 1 dYdX Chain has begun distributing rewards accrued from trading activities to users, following the commencement of full trading on the decentralized derivatives trading protocol, which was greenlit by a decisive governance vote. The beta mainnet of dYdX Chain was launched on November 14, initiating "active trading" across more than 33 markets with leverage of up to 20x. During the beta phase, although staking rewards were active, trading rewards were not being distributed, yet users were accruing 100% of the protocol’s trading fees. Following the conclusion of the governance vote earlier today, trading rewards are now fully enabled. Staking rewards for validators and stakers will continue to be paid in USDC and DYDX. Since the launch of the beta stage two weeks ago, the protocol has seen over $1.86 million in total trades across roughly 14,000 transactions, as reported by the dYdX Operations subDAO, which manages the decentralized infrastructure of the dYdX Chain. Initially, just four markets are available for full trading: BTC/USD, ETH/USD, SOL/USD and LINK/USD, with more markets to be added over the coming weeks, the dYdX Operations subDAO said. Migrating from Ethereum to the Cosmos ecosystem The alpha mainnet for dYdX version 4, along with the debut of its Cosmos-based blockchain, was launched on Oct. 26, signaling a notable transition for the leading decentralized derivatives platform to become a standalone Layer 1 on Cosmos after previously relying on Ethereum Layer 2 scaling solution StarkEx in version 3. Users migrating from Ethereum to the dYdX Chain utilize the wethDYDX smart contract, a one-way bridge facilitating the exchange of ethDYDX tokens for wethDYDX on Ethereum and DYDX, the native token on the dYdX Chain. There are currently over 437 million ethDYDX bridged and 16.45 million DYDX staked to the dYdX Chain, according to the dYdX Foundation. Incentivizing early adopters The dYdX community also approved the introduction of a six-month incentive program today, proposed by Chaos Labs. The program earmarks $20 million in DYDX tokens to be distributed among early adopters of the dYdX Chain, aiming to boost adoption and trading volume. The program is also designed to prevent abusive behaviors, such as wash trading, and each distribution of the DYDX rewards is subject to approval from the dYdX community. The dYdX platform ranks as the most extensive decentralized derivatives trading platform in crypto, with a cumulative volume of over $1 trillion since 2020.
Long
by DEXWireNews
4
Is DYDX about to do what QTUM did ?DYDX is a well used derivative DEX Can check on tokenterminal the fees being generated and the daily users on DYDX. It is gaining traction and should get a whole lot more come bull market. Very strong fractal As QTUM did previously, DYDX has fallen a lot since launch. However after 100ma appeared on the weekly timeframe and price was able to catch it... QTUM launched all the way back moving 14x from support (more from lows) DYDX looks on trend to follow Considering fractal and increasing fundamentals.. it seems increasing chance that DYDX does something similar and is something to keep a very close eye on!!
Long
by SoftQuant
dYdX's (DYDX) Buying Momentum DecreasingdYdX (DYDX) DYDX has surged more than 200% over the first three weeks of November. This growth is primarily linked to the cryptocurrency project's recent launch of its own blockchain, which increased the visibility of the dYdX exchange and boosted the demand for its token. At present, DYDX is trading between a support zone of $2.80-$3.15 and a resistance range of $3.50-$3.75. A slightly higher seller's zone is observed at $4.00-$4.35. Testing this higher range is seen as the next step in maintaining the upward trend. Nevertheless, the likelihood of reaching a new yearly high seems uncertain due to the gradual waning of the buying momentum. In the event of a correction, DYDX could potentially fall back to support levels of $2.15-$2.40 and $1.8-$2.0. It's also crucial to consider fundamental factors, such as the significant unlocking of DYDX coins that took place at the beginning of November. In a scenario where the price drops, the market might witness a substantial sell-off of coins, which could further negatively affect the asset's price.
by DEXWireNews