Is #DYDXUSDT About to Explode or Collapse? What You Should KnowYello, Paradisers! Is this the breakout we’ve been waiting for #DYDX? Let's look at the latest analysis of dYdX and see what's happening:
💎After months of being in a downturn, #DYDXUSDT has finally broken above a Descending Channel following a solid push from the major support at $0.8903. This could be # the turning point for #dYdX after 4-5 months of consolidation.
💎#DYDX needs to break through a critical resistance level at $1.199 for this rally to gain real momentum. If this level is cleared, we could see a much stronger rally, with the next target set at a major resistance zone. Increasing volume and the 20EMA are signaling bullish potential—but we're not out of the woods yet.
💎Be cautious! If #DYDX loses steam, we may witness a pullback to retest the breakout around the major support, possibly capturing liquidity again. A failure to hold this level could push the price back toward the lower demand zone at $0.802.
💎And if the price breaks below that key support? The bears take over, and we could be looking at a much deeper correction.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
DYDXUSDT
#DYDX/USDT#DYDX
The price is moving in a downward channel on the 4 -hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.0970
Entry price 1.06
First target 1.15
Second target 1.26
Third target 1.35
#DYDX/USDT#DYDX
The price is moving in an ascending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the 100 moving average again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 0.8500.
Entry price 0.870.
First target 0.913.
Second target 0.967.
Third target 1.02.
DYDX/USDT NEXT BIG MOVEBased on my thorough analysis of the price action for CRYPTOCAP:DYDX , I anticipate a notable upward movement toward the $1.483 level. However, prior to this rally, I expect a brief retest of the $1.18 level, which may act as a key support area. Following this period of consolidation, I project that the price will continue its ascent, ultimately reaching my first target price (TP) of $1.483.
Upon reaching the $1.48 mark, I intend to scale out 50% of my position to secure profits while retaining exposure for additional gains. My longer-term target is set at $2.20, a level I find attainable given the current market dynamics and prevailing trends. This strategy is designed to enable me to capitalize on the immediate upward movement while positioning myself for further appreciation in the value of $DYDX.
DYDX Looks BullishA large pool of liquidity has been hunted and the price is showing signs of a reversal at the bottom.
It is expected to be pumped to the target soon.
The time frame is big and daily, you have to control the risk.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DYDXUSDT 4H - BUY ZONE CAUTIONDYDXUSDT 4H - BUY ZONE CAUTION
DYDX is in a complex area that must be resolved soon:
LOWS at 0.80 that have built a SUPPORT ZONE.
DECLINING DYNAMIC RESISTANCES with decreasing Highs.
In these situations only 2 things can happen:
1. We break the resistance and begin to develop a bullish price structure WITH increasingly higher HIGHS and LOWS.
2. We fail to break the dynamic resistance and look for new lows below the SL. Below 0.80 we would be out of value until new buy signals.
LEVELS:
SL: 0.78
TP1: 1.228
TP2: 1.472
TP3·: 1.874
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
DreamAnalysis | DYDXUSDT Breaking the Last Support ?👋 Welcome back to your favorite channel, DreamAnalysis! Today, we're diving deep into one of the major utility coins in the crypto space, DYDX, and evaluating its future potential.
🔍 What is dYdX? dYdX is a decentralized exchange (DEX) platform that specializes in advanced financial derivatives, margin trading, and spot trading. Built on Ethereum, it offers users the ability to trade perpetual contracts, engage in margin trading, and even participate in lending and borrowing. Unlike simpler DEXs, which only provide token swaps, dYdX offers more complex services in the decentralized finance (DeFi) space.
📊 Weekly Timeframe Analysis:
In the weekly timeframe, DYDX has reached its final major support level, and if this level is lost, we could witness a significant drop. If you're holding this coin, I recommend exiting your positions below this key support of 0.8396.
The current weekly candle is an engulfing candle, indicating strong selling pressure. It has engulfed several prior candles, suppressing buyers, and comes with significant selling volume.
I wouldn’t consider buying this coin again until it breaks the daily resistance at 1.1266. Right now, I’m focusing on other projects with more bullish potential.
📈 Daily Timeframe Analysis:
On the daily timeframe, we are also testing the last significant support. According to Dow Theory, the fact that we have set a lower high indicates increasing selling pressure.
Given that this is the final support level, we can calculate potential downside targets using Fibonacci retracement. If DYDX breaks the 0.8396 support, the next targets are: 0.6726 ,
0.5609
⏳ 4-Hour Timeframe Analysis
In the 4-hour timeframe, the dominance of sellers is obvious, as shown by the large red candles and the failure to reach the 1.2269 resistance level, followed by a sharp drop to the current key support.
📉 Short Position:
Before opening a short position, it’s better to wait for a minor pullback and a lower high to set a better stop-loss point. However, if 0.8261 is broken, I’ll consider opening a short position.
📈 Long Position:
At the moment, there are better coins to consider for long positions, such as SUI and FTM. DYDX is not currently in my long position strategy.
💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze.
📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
#DYDX/USDT#DYDX
The price is moving in a descending channel on the 12-hour frame and is sticking to it greatly and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 0.8000
We have an upward trend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.8886
First target 1.092
Second target 1.320
Third target 1.627
DYDX BULLISH LONG IDEASDYDX/USDT shifted its structure into bullish after MSS (marked on the chart). It continued its bullish move and did BOS (also marked on the chart). Price can not go straight up. As we are in bullish trend so we have to look for long oppertunities. By the way I have marked two long areas on the chart. First one is miner demand zone and second is a good swing long oppertunity with DCA of green horizental line.
DYDX Potential Play !DYDX / USDT
DYDX started to show some serious bullish signals
1- Price has returned back to the big accumulation zone again after playing some time in manipulation phase/stoploss phase (red)
2- Downtrend line finally broke-out after 6 months of minor bear market
As long as these signals remain intact I see a big potential for DYDX in the coming bull market
Best of wishes
DYDX analysis 1D - Sep 24 2024#DYDX has just broken the mid-term trendline that started in March 2024 and is most probably heading for the higher targets of 1.2 - 1.46 - 1.77 - 2.15.
The setup is ideal for a Spot position and as long as there's no daily close below 0.89 level, this analysis is valid.
#DYDX/USDT#DYDX
The price has broken the descending channel on the 1-day frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 0.8000.
Entry price 0.880.
First target 1.09.
Second target 1.32.
Third target 1.62.