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Dydxanalysis

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 $2.72 in a week. During this period, there was a lot of negativity around the FTX exchange and its subsequent bankruptcy. It is very likely that then crypto users transferred assets from centralized crypto exchanges to decentralized DYDX. It is difficult to predict what will happen this time, but the only thing we can control in the crypto market is the risks we are willing to take on a personal deposit. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
DYDX - Fear before unlockBINANCE:DYDXUSDT DYDX and upcoming 15% total supply unlock. Psychology of retail investors always the same! Now everyone see the unlock date and ready to sell their coins because majority think in a same day all funds drop the price. But usually it works in opposite way. To sell big amount of coins funds and earlier investors need liquidity, so they will sell it step by step. Now ill not be impress if we will see some big media posts about DYDX and future of this DEX. So after over 250 days in a range everyone who want it accumulate a lot. Possible Targets and explanation idea ➡️By ADZ big players accumulate a lot on Weekly timeframe and we can see huge divergency. ➡️ Long time period accumulation in a range. ➡️We got FVG on monthly timeframe in red block zone (full fill will be exactly at 0.23 level by FIb) ➡️We trade in a range exactly at -0.27 zone ➡️3rd Feb day of 15% unlock. But we hypothetically can see moves where funds start sell at 4, 6, 10$ in 3 waves 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.
Long
by Crypto4light
1
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
Good time to buy DYDX. Why?You know how all the assets are out from centralized exchanges to decentralized exchanges like Uniswap, DYDX, and etc. On the daily chart of DYDX, it broke the longterm downward trendline, faked & rebounded. It faced a short-term downward trendline, and seems to be breaking. (There was a minor retest in smaller timeframe afterwards) MACD is gonna light up green Wavetrend is green RSI is gonna cross the signal line at 50 (which is the strong signal line) So, I think this is a good time to buy DYDX, and I did. This is not a financial advise, and you should do your own research & study. P.S. UNIUSDT, DYDXUSDT, GMXUSDT should be on your watchlist.
Long
by leevolution
2
DYDX swing trade setupBINANCE:DYDXUSDT Local Swing Trade setup before FED hike rate in 14 Dec ✅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 ➡️Local fib since top Higher High and double bottom on Weekly timeframe ➡️Correction to 0.78 level (there under this level people add stop losses) 1.60$ there we got signal to buy on TradeOn indicator ➡️We can keep this impulse and test 0.38 lvl to 2.12$ and trade in upper part of downside channel ➡️Than we can grab liquidity at 0.86 lvl and bounced from this level around 7-10 December before FED decision ➡️Or earlier going out of channel after break out 0.5 lvl ➡️Middle term target 5-6$ for DYDX still relevant 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
DYDXUSDTPERP - Tool review.A trading range is formed on the chart with the boundaries 1.007 - 2.72. When the price repeatedly approached the upper boundary, the breakout of the local maximum did not take place. For the given period of time accumulation is in the final phase. In this phase for the transition to the impulsive upward movement it is necessary that the price would break the local maximum and consolidate above it. In the presence of the SOS signal and BU/LPS will be a confirmation of a successful accumulation. In the absence of these signals we expect a further decline in price, to the middle of the range the second target is the lower boundary of support. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your your friends.
Long
by Artem_Dishel
6