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DYDXUSDT

DYDXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) im still in pos, targets is relevant Entry: market and lower Target: 3 - 4 - 5 after first target reached move ur stop to breakeven Stop: under 1 (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
9
DYDXUSDT Triple Bottom!What is the triple bottom? The triple-bottom reversal pattern has three roughly equal lows and indicates an opportunity to take a bullish position. Before the triple bottom occurs, the bears are usually in control of the market, forming a prolonged downtrend. The first bottom does not indicate anything out of the ordinary. Still, the second and third bottoms show a change in direction where buyers (bulls) may push the price action higher after the price breaks through the resistance. Dydx is currently trading at 2.89 The DYDXUSDT has broken its triple bottom resistance line after 8 months of ranging market, indicating a strong bullish sentiment. and you can see high trading volume in the daily chart, expecting a potential up move. Thanks Hexa
Long
by HexaTrades
4
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!
Long
by KryptoSnipers
$DYDX will leave you behind scratching your head.FIFTH EXAMPLE! I wasn't going to give more examples of what Altcoins to look for, but this one is a good one and I couldn't help but share it. $DYDX Looking for Targets of $8 within a few weeks/months. KEEP AN EYE ON THIS ONE! My DCA is $1.55 I have no SL, This is SPOT! Try and buy before the Darvas Box accumulation breaks outs. All this depends on $BTC and the continuation of the market. but select coins (Such as this) might not even care about the Bitcoin Market once they move big.
by Printgains
DYDX price at a critical point, then "make it or break it"The DYDX price is now at a critical point On the one hand, the DYDXUSDT price is at the bottom of the trade that lasts for the last 6 months This price gives a good entry point for a medium-term trade +130% to $2.72 or a long-term trade +480% to $6.84 Stop for both positions below $1. The profit/loss ratio is more than adequate. What part of the deposit to buy DYDX, for the medium or long term and whether it is worth buying at all depends only on you and a little more on the market) This was the positive side of our analysis . On the other hand , the trend of DYDXUSDT will change only after the price consolidates above $2.72. And this may not happen, because on 17.01.23, 5.7 million coins are to be sold, which will be 0.57% of the maximum possible supply of DYDX and +4% to the current number of coins in circulation. And from February 2023, investors, consultants, and other early participants of the project will acquire ownership of DYDX, and we are talking about 100+ million coins The increased supply of coins on the market, according to the law of supply and demand , can significantly push the price down. The closer the DYDXUSDT price will approach $1, the higher will be the chance that the fall to $0.58 will not be avoided, and with it the development of the red scenario. For some, this will sound like a total negative, and for others as a chance to buy at a more favorable price. Earlier, in early November 2022, the price of DYDXUSDT showed a sharp increase from $1.20 to $2.72 in a week. During this period, there was a lot of negativity around the FTX exchange and its subsequent bankruptcy. It is very likely that then crypto users transferred assets from centralized crypto exchanges to decentralized DYDX. It is difficult to predict what will happen this time, but the only thing we can control in the crypto market is the risks we are willing to take on a personal deposit. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40