Dydxlong
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 $0.84).
Please be mindful that Bitcoin is on the verge of breakout of its continuation pattern to the downside, so manage your risks well!
Happy Sniping!
DYDX - Fear before unlockBINANCE:DYDXUSDT
DYDX and upcoming 15% total supply unlock.
Psychology of retail investors always the same! Now everyone see the unlock date and ready to sell their coins because majority think in a same day all funds drop the price. But usually it works in opposite way.
To sell big amount of coins funds and earlier investors need liquidity, so they will sell it step by step.
Now ill not be impress if we will see some big media posts about DYDX and future of this DEX. So after
over 250 days in a range everyone who want it accumulate a lot.
Possible Targets and explanation idea
➡️By ADZ big players accumulate a lot on Weekly timeframe and we can see huge divergency.
➡️ Long time period accumulation in a range.
➡️We got FVG on monthly timeframe in red block zone (full fill will be exactly at 0.23 level by FIb)
➡️We trade in a range exactly at -0.27 zone
➡️3rd Feb day of 15% unlock. But we hypothetically can see moves where funds start sell at 4, 6, 10$ in 3 waves
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
Dydx price targets before unlock BINANCE:DYDXUSDTPERP
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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
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DYDX Price is Almost retracing to the Major Demand Zone Can be a Good Zone to buy from 1.2$ to 1$ With Target of Above 2.5$
Only Possible if BTC don’t dump hard We can see this Trade setup play out very Soon
Good luck
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
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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
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DYDX expected to bounce ! First Chart PublishedDYDX is being held by this strong support in grey area on the chart.
Currently in the range of 1.610 and 1.660.
With proper risk management taking this trade :
BUY : 1.577-1.622
TP:
1.700
1.800
1.960
SL:
1.520
NOTE:
DO YOUR OWN RESEARCH (DYOR)
NOT A FINANCIAL ADVICE
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.
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.
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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.
DYDX correction to 5.20$BINANCE:DYDXUSDT
Dydx now underrated. Where ill start buy Dydx again? Where ill take a profit on local correction? And why Dydx can pump to 5.20$?
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Thank you.
Possible Targets and explanation idea
➡️Fib since drop in April.
➡️Perfect call to sell by "Trade On" indicator
➡️Accumulation phase between -0.18 and -0.618 levels
➡️Forming lower low in June and took liquidity. Correction to drop can be at least to 0.5 level by fib 5.20$
➡️2 signals Strong Buy in May and June
➡️Rejected at "Take profit" line. If we capitulate one more time we can drop to 1.05 (now its a "Buy line")
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DYDXUSDT - Flag Pattern DYDXUSDT (4h Chart) Technical analysis
DYDXUSDT (4h Chart) Currently trading at $1.465
Buy level: Above $1.47
Stop loss: Below $1.4
TP1:$1.495
TP2: $1.57
TP3: $1.64
TP4: $1.75
Max Leverage 3x
Always keep Stop loss
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