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DYDXUSD

DYDX/USD - Pump to $21, then re-assess. 😎DYDX has touched the support again and had a good bounce on it towards $19. This can lead to a nice rally towards $21 where we have the next key resistance. We could break above that level if bullish momentum maintains. As you can see this downtrend channel can also be a bullish flag. I would not exclude such a scenario where DYDX breaks up and pumps towards a new all-time high. It is a bit early for that, but if we manage to make the top of the channel support after a breakout then DYDX will pump hard. See idea on the chart. Indicators are turning bullish under 1D timeframe. Like and follow if you liked this idea!
Long
by DU09
DYDXUSDT is Converging and two timing to entry!/Trading strategyBYBIT:DYDXUSDT - 1H trend chart - DYDX has converged for a while and formed an obvious triangle. You can notice lots trend lines needed to be broken, so I'll provide 2 different entry timing for you as below - 1. Aggressive traders There are 2 blue horizontal lines, the upper one is a nice timing for aggressive traders. It just broke out the orange downtrend line, so can wait for price stands firm at $24.960 2. Conservative traders Conservative one could wait for the price takes out the long-term upper downtrend line, as the pattern at the top left. - Profit Targets: a) 27.857----Fib(1) b) 32.414~34.257----Fib(1.272~1.382) c) 44.611-----Fib(2) Stop losses: a) 22.001-----for Aggressive traders(Red horizontal line) I'll update for Conservative traders if the downtrend line are taken out. - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
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