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Dydxanalysis

DYDX USDT , DYDX the DEX Coin Will Touch Double Digits!?BINANCE:DYDXUSDT DYDX was in MARK DOWN Phase from very long time and entered in an accumulation range and now moving for a MARK UP Phase. Being A Pure Technical Analyst..Let's Move Straight To The Charts! DYDX on Higher Timeframe was in accumulation(261 days) from long time and just broke out few weeks ago. Right Now it tested on that range high in the form of a Bull flag which is meant to be bullish for its price action and should start a rally in next few days If you are looking for Entries, then on lower time frame if DYDX retraces to 2.7-2.9$ can be good entry for you to hold for high time frame play First Target Would be 3.9$ Second Target Would be 6.5$ Third Target Would be 10$ 4$ has strong resistance..it can take multiple tries to break that Okay so That's it for DYDX Hoping you liked the analysis :) Please like and comment your views on DYDX and also follow us for more setups as i am going to post detailed analysis for many Altcoins! See you in next Altcoin Analysis
Long
by Traders_skooll
Long Entry at Channel Bottom for dYdXGreetings, Snipers! DYDX has dropped >95% since its peak in 2021 DYDX is currently at the bottom of its channel range at $1.00-$1.20, with previous strong retracements This may draw a potential sideway channel or a triple bottom pattern The $1.00 level is expected to be a strong psychological support $2.30 - $2.70 have posed to be a strong resistance level In the shorter time frame, we can trade this channel: We can take a long-entry now, at $1.00 - $1.10, and sell at $2.30 for a Risk-Reward ratio >5 (SL at $0.84). Please be mindful that Bitcoin is on the verge of breakout of its continuation pattern to the downside, so manage your risks well! Happy Sniping!
Long
by KryptoSnipers
DYDX price at a critical point, then "make it or break it"The DYDX price is now at a critical point On the one hand, the DYDXUSDT price is at the bottom of the trade that lasts for the last 6 months This price gives a good entry point for a medium-term trade +130% to $2.72 or a long-term trade +480% to $6.84 Stop for both positions below $1. The profit/loss ratio is more than adequate. What part of the deposit to buy DYDX, for the medium or long term and whether it is worth buying at all depends only on you and a little more on the market) This was the positive side of our analysis . On the other hand , the trend of DYDXUSDT will change only after the price consolidates above $2.72. And this may not happen, because on 17.01.23, 5.7 million coins are to be sold, which will be 0.57% of the maximum possible supply of DYDX and +4% to the current number of coins in circulation. And from February 2023, investors, consultants, and other early participants of the project will acquire ownership of DYDX, and we are talking about 100+ million coins The increased supply of coins on the market, according to the law of supply and demand , can significantly push the price down. The closer the DYDXUSDT price will approach $1, the higher will be the chance that the fall to $0.58 will not be avoided, and with it the development of the red scenario. For some, this will sound like a total negative, and for others as a chance to buy at a more favorable price. Earlier, in early November 2022, the price of DYDXUSDT showed a sharp increase from $1.20 to $2.72 in a week. During this period, there was a lot of negativity around the FTX exchange and its subsequent bankruptcy. It is very likely that then crypto users transferred assets from centralized crypto exchanges to decentralized DYDX. It is difficult to predict what will happen this time, but the only thing we can control in the crypto market is the risks we are willing to take on a personal deposit. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
Dydx price targets before unlock BINANCE:DYDXUSDTPERP ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Watch this potential plan before unlock coins at the beginning of February Possible Targets and explanation idea ➡️We trade over 230 days in an accumulation range. ➡️Before massive unlock coins at the beginning of February whales can pump #DYDX because they need liquidity to sell ➡️On weekly chart we formed 2 bottom and targets is 0.5 lvl and 0.78 lvl ➡️ After this level and unlock we can see pull back down again to main support level 2.70 - 2 $ per DYDX ➡️ Most hyped price when we can see FOMO on DYDX is 10-11$ ➡️ Its just local picture for middle term targets Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
2
DYDX weekly double bottom. TargetsBINANCE:DYDXUSDT Before massive unlock coins at the beginning of February and by this pattern we can see huge rally and FOMO on this coin ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Weekly timeframe perfect double bottom. With 0.01$ beat previews high so it shows the future direction ➡️Beginning of February massive unlock coins from early investors and funds. We can see fake hype around before unlock ➡️Fib since drop in April still relevant ➡️Targets 0.5-0.618 lvl by Fib and 1.618 to bring FOMO ➡️After this targets Im expect drop one more time down to 3-2.70$ around March Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light