DYDXUSDT
DYDX - Long into ShortSo, as expected in the previous idea (see linked ideas), I think we're approaching to a reaction zone to offer a decent bounce for a lower high. Although the technicals are there for it, be aware that it's not the "most probable set-up" kind of trade because there are good reasons for buyers to step in at lower prices. The target is also unclear due to the nature of the structure, but I'll give it a shot and eat the loss if i get stopped.
DYDXUSDT DAILY : GOOD situation (spot)Hi Guys hope you well,
After a good climb and an correction in the price, we are slowly approaching the good demand area. We have two scenarios ahead. I expect that we will first go up and then enter the golden demand zone in the daily time.
SecondChanceCrypto
⏰13/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
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DYDX update, is market crash near?Hello traders, I am expecting a drop from current zone, by breaking the price of 2.28, and first target will be the FVG box as I have indicated in the chart...
we can clearly see bearish flags on most of crypto coins currently,
and I think we will have a market crash from alt coins,
so you should trade carefully and do not enter the market without marking a confirmation...
as for BTC, I think last target will be the market bottom which is 16k, and if it hits 16k again, it will be a DOUBLE BOTTOM, we will see a nice bull market then...
I don't really work with patterns anymore, but if DOUBLE BOTTOM is formed, it'll be a good sign for bull market...
and I don't think that we will have more growth yet from DYDX, unless the price of 2.78 is broken, I mean the EQUILIBRIUM area..
so we're currently trading in a range which is 2.28 - 2.78...
enjoy trading, trade carefully <3
DYDX looking good for upward move towards 2.70The daily support is working well and holding the price for past few days. This is indeed a very strong demand zone as evident from the support zone. The price is also trading above the support zone which is a good sign for now. If this daily candle closes above that zone, it would be a good strength sign for upward move and can target the daily resistance zone around 2.70.
DYDXUSDT hit the daily support and likely to go lowerThe price has hit the daily support which provides a opportunity for a long position. However, one has to be careful as it seems the upside for the long is limited here. If I had to play this one, I would play as marked on the chart. If the current daily support loses, a better long opportunity will be from the next daily support and the target for that should be 2.546.
DYDX Bullish Broadening WedgeLooking at the daily chart we can see that a broadening wedge pattern has formed which is very bullish for DYDX.
If you zoom out on the weekly you can also see a triple bottom from which we've just retested the neckline.
Overall I'm expecting some bullish moves from DYDX in the next coming weeks.
DYDX NEW UPDATE 12HHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DYDX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You