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DYDXUSDT

DYDX/USDT Trading ScenarioDespite the recent significant rise in BTC, most altcoins continue to trade near their historical lows. For instance, the DYDX token is currently priced at $1.2065, which is close to its minimum value of $0.8176. Trading volumes have been gradually increasing, and the volume profile indicates prolonged accumulation of the asset since the beginning of 2022. There is a possibility of a decrease in BTC dominance, which could signal the start of an altseason. In such a market condition, DYDX has the potential for significant growth.
by Rick_SimpleSwap
Next Target for DYDXUSDT After Downtrend BreakoutThe DYDXUSDT pair, after breaking out of the downward channel to the upside, is currently forming higher lows and highs. The Fibonacci extension of the previous bullish wave aligns with the 1.3500 level, which also corresponds to the previous high. Therefore, our target price is set at this level. SL (Stop Loss): 1.1742 TP (Take Profit): 1.3500 Risk/Reward Ratio: 1.67 Do you think we’ll hit the target? Let’s discuss your insights and predictions below! And don’t forget to like if you found this analysis helpful
Long
by habib75rajabi
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🌴
Long
by MyCryptoParadise_Simon
2
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.
Long
by ju-tech
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 All these strategic alternatives can be configured with TradeX BoT, as it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. 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 :)
Long
by DeuXfi
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.
Short
by DreamAnalysis
3