Dydxanalysis
DYDX/USDT - bullish pennant with 2-3x potentialDYDX/USDT is showing a very promising bullish setup which will likely break out soon.
In this setup we can see a bullish pennant which is shaped like an inverted head and shoulders pattern that's near completion, successful retests of the previous downtrends and price sitting above the previous 2.50 resistance.
I really like the look of this setup and expect to see high double digit % returns and potentially even a 2-3x depending on the momentum of the breakout.
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- Buy zone: current price range, anywhere near the tip of the pennant or if you prefer a safer approach buy the breakout
- Targets are marked in the chart
In case of a pattern failure look for support on the dashed trend lines for a potential re-entry.
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I will try to keep this idea updated as the chart develops.
Best of luck and let me know what you think!
DYDX Long SetupDYDX has a bullish chart, broke the downtrend on the daily timeframe and then started making higher highs, breaking the SMA 200 and then retesting
with rejection forming a Bullish engulfing, I didn't take this entry, so in order to have the best risk reward possible, I'll wait for the price to get closer to our ascending trendline and we'll go long with the confirmation, I'll update the idea as soon as that happens.
Is DYDX/USDt 650% Potential as per Chart?$DYDX
DYDX/USDT Technical Analysis:-
= The technical analysis indicates that $DYDX is looking good at its current level, with a strong neck line resistance already broken and a retest of the support level.
= The strong resistance level has now become a strong support level, indicating bullish momentum. As per the chart, we are expecting $DYDX to hit our resistance levels at $6.30, / $9.40, and $14.50.
This translates to a potential 650% gain from the retest/support level!
= As always, this is not financial advice, and we urge you to conduct your own research before investing in any coins.
Thank you, and happy trading!
Where to buy DYDX ?The trade for DYDXUSDT that we brought to your attention at the end of last year is still relevant and shows a profitability of more than 100%.
However, given the fact that a new Fed rate will be announced today, market volatility will increase (and that's putting it mildly :)
So, if you are interested in investing in DYDX, we suggest taking into account the following buy levels:
$2.24
$1.94
$1.66
They can fill all orders, or partially, we can't guess)
The selling zone in the medium and long term is in the range of $6.25-8.00
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DYDX IdeaBINANCE:DYDXUSDT
The circles of the chart are resistance points and there is a possibility of a temporary price reversal, a little Pull-Back.
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
DYDXUSDT IdeaHi trader..
In continuation of last week's bullish trend ..
BINANCE:DYDXUSDT
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Dydx Coin Price Analysis!Dydx coin is trading near an important trend resistance. I'm hoping to see a candle movement as mentioned in the analysis.
If the resistance is broken and it experiences an upward movement, it could reach up to the $3.23 level.
If it cannot close daily candle above the $3.23 level, it may fall back to the $2.70 levels.
What do you think?
Not a Financial Advice.
DYDX | Double top + Head and ShouldersBINANCE:DYDXUSDT
The formation of a Head & Shoulders pattern along with a double Top, at the time of hitting and the below the 200 Moving-Average (MA 200) , are all signs of the beginning of a downtrend.
Trade entry points, below, the minimum price of the previous 3 candles.
Or using the Head & Shoulders pattern, and the entry price is below the neckline
Note: In the downtrend, we also have a price correction and a temporary upward movement.
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✖️DYDX ✖️_ Technical & brief Fundamental!!! Today let's take a look at the DYDX token from a technical and fundamental point of view.✅
Fundamental :
dYdX is a decentralized exchange and trading platform built on the Ethereum blockchain which enables users to trade cryptocurrencies with margin, lending and borrowing, and perpetual swaps through a non-custodial platform.
dYdX has a user-friendly interface that makes it easy for traders to access the platform's services. It has a strong development team that is dedicated to improving the platform's functionality and expanding its capabilities.
Additionally, dYdX has secured significant funding from reputable investors, which demonstrates the confidence that the investment community has in the project's potential. The project has also formed partnerships with other prominent players in the blockchain industry, such as StarkWare, to improve the scalability of the platform.
Overall, dYdX is a promising project with a strong development team, user-friendly interface, support from reputable investors, and most importantly the project goal since many crypto users have lost their funds recently with centralized exchanges.
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Technical :
DYDX token has managed to form a rectangle pattern in the daily time frame.
If we look at DYDX from the theory of Elliott waves; DYDX has created the popular Expanding Flat(3-3-5) corrective pattern inside the rectangle pattern.
I expect DYDX to fall to the lower line of the rectangle pattern over the next few weeks.
DYDX Analyze ( DYDXUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
DYDX is preparing for a big move to the upside!DYDX on the daily time frame is up trending with no doubt!
1st. After the considerable correction for the first time in 30 days, DYDX has managed to change end the correct buy creating higher high on 4H timeframe.
2. Now it the time for a small consolation that leads to creating a new hight on the daily and in this move it might reach the upper supply zone( marked on the chart) that will be a 100+% target. It’s far away! But if Bitcoin will reach 30’s this will be achieved in a matter of 30+ days.
This is not a financial advice. It’s my way of thinking based on my interpretation to the data on the charts.
First TP