DYDXUSDT
#DYDX/USDT#DYDX
The price is moving in an ascending channel on the 4-hour frame and is sticking to it very well
We have a bounce from a major support area in green at 0.900
We have an uptrend RSI that has been broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 1.02
First target 1.11
Second target 1.20
Third target 1.30
DYDX Possible 100% TradeKUCOIN:DYDXUSDT
Possible Break and Retest of 114 and BINANCE:DYDXUSDT could do more than 100%.
Buildup at current levels will provide nice protection for placing stops.
On Failure can short to support with divergence ideas.
CRYPTOCAP:BTC rules the altcoins but when it's moving sideways, there are interesting opportunities that one has planned for.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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Dydx 12H scalpingTake a look on this potential trade BINANCE:DYDXUSDT.P
Possible Targets and explanation idea
➡️12H chart. Black downtrend line and next move out of it with test of 12H IMB
➡️Reaction down retest this line above and continuation with long to main targets
➡️Swiped liquidity at 1.76 with Buy signal on Trade on Indicator
➡️Waiting reaction up with volume
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Dydx Equilibrium RetestBINANCE:DYDXUSDT
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Possible Targets and explanation idea
➡️Strong signal to sell on Direction D timeframe
➡️Goin to retest equilibrium of previews Range accumulation
➡️Equilibrium now on same level as 0.786 level
➡️After retest we might see one more rejection on main vol sellers zone
➡️Continuation to our global monthly FVG at 11$
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DYDXUSDT.1DAfter reviewing the DYDX/USDT daily chart, it becomes apparent that the asset has encountered a series of fluctuations, manifesting a pattern of peaks and troughs. Let’s delve into the details of the chart’s technical analysis:
Support and Resistance Levels:
Support Level 1 (S1) at $1.027. This level is crucial as it represents a point where the price has previously found buyers stepping in to prevent further declines.
Resistance Level 1 (R1) at $2.491, marking the highest point in the recent uptrend and likely to act as a significant barrier for any upward price movements.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) currently shows a negative divergence with the signal line under the histogram, suggesting bearish momentum. This is further emphasized by the MACD line’s position below zero, indicating that bearish trends could persist.
The RSI (Relative Strength Index) is hovering near the 50 mark, which typically suggests a neutral market condition. However, given the proximity to this level, it suggests that the market is balanced but with a slight tilt towards bearish sentiment.
Conclusion:
From my current analysis, DYDX/USDT appears to be in a precarious position with potential for both upward and downward movements. The pivotal support at $1.027 will be key; if this level holds, it could serve as a foundation for a rebound towards the resistance at $2.491. Conversely, a break below this support could lead to further declines, potentially testing lower levels not seen in the recent past. Given the bearish signals from the MACD, traders should proceed with caution and consider employing risk management strategies such as stop-loss orders to protect against unexpected downturns. Observing the RSI and waiting for a more definitive move out of the neutral territory could also provide better cues for directional trades. As always, staying attuned to broader market trends and news impacting DYDX will be essential in navigating these trades effectively.
#DYDX/USDT#DYDX
Our price is moving in a bearish channel on a 12-hour frame, and it has been breached to the upside and is rising from the current levels.
We have a bounce from the lower border of the channel from the support area at 1.12
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up and supporting it
Entry price is 1.40
The first goal is 1.63
Second goal 1.93
Third goal 2.24
A great trade opportunity on DYDX#DYDX #Analysis
Description
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+ The price has hit a low point, and a rebound is anticipated.
+ This creates a promising trading opportunity, so I'm opening a small long position now.
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VectorAlgo Trade Details
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Entry Price: 1.467
Stop Loss: 1.076
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Target 1: 1.697
Target 2: 2.011
Target 3: 2.559
Target 4: 3.102
Target 5: 4.037
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Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
DYDX/USDT Technical Analysis in 3-Day Timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
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~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
DYDX demonstrates significant historical price movements with clear support and resistance levels. The price has experienced strong rallies from the support zone, suggesting potential for future upward moves.
The $1.005 has stood as a strong support for DYDX since June 2022. If the price follows the historical pattern, it might target the resistance at $5, aligning with a projected 384.86% increase.
Key Observations:
~ Strong Support/Entry Range: $1.005 to $1.173.
~ Resistance/Target: $5.
~ RSI: Oversold.
~ Invalidation point: Breakdown and close below $1.005 support.
DYOR, NFA.
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DYDXTrend and Key Levels
Daily Trend: The chart shows a downward trend line that has been guiding the price lower.
Support Levels:
1.275: Current support level.
1.194: Additional support.
1.190: Near the final support.
1.005: Final support level.
Resistance Levels:
1.600: Initial resistance level.
1.890: Secondary resistance.
2.200: Higher resistance.
2.420: Strong resistance level.
2.730: The final cycle resistance level.
Current Price Action
Current Price: The price is currently at 1.312, having bounced from the recent support level around 1.275.
Bullish Indication: The price has broken above the immediate resistance around 1.275, indicating a potential bullish reversal.
Volume: An increase in trading volume typically accompanies a significant price move, suggesting the possibility of sustained momentum.
Potential Scenarios
1. Bullish Scenario:
If the price continues to move up, it will likely face resistance at 1.600, 1.890, 2.200, 2.420, and ultimately 2.730.
Breaking through these levels will confirm a trend reversal and establish a new upward trend.
2. Bearish Scenario:
If the price fails to hold above the current support level of 1.275, it might retest the lower support levels at 1.194, 1.190, and 1.005.
A drop below these levels could signal a continuation of the downtrend.
DYDXaltcoin capitulation
77% down from local highs here
would be 90+% from 20$ per dydx last bullmarket cycle
still relatively bluechip tech here...
usage isnt as high as it could be but we're deep into alt winter here
largest liquidation event since FTX's collapse here
and alts were already very rekt tbh
btc and eth still macro high range comparibly...
DYDX Technical Analysis:
1. Price Action:
-The current price of DYDX is 1.229 USDT.
-Recent downtrend with significant selling pressure indicated by red candlesticks.
2. Important Levels:
-Buy Zone: Between approximately 1.090 and 1.230 USDT.
-Support Level: Strong support at 1.100 USDT.
-Resistance Levels: Significant resistance at around 3.500 and 4.000 USDT.
3. Chart Patterns and Indicators:
-"Order Block" (OB) area could act as support or resistance.
-Graphical representation (airplane symbol) suggests a bullish outlook towards 2025.
4. Potential Scenarios:
-Bullish Scenario: Price holds within the buy zone, bounces off 1.100 USDT, and targets higher resistance levels.
-Bearish Scenario: Price fails to hold 1.100 USDT support, leading to further declines.
Project Summary:
The DYDX token is part of the DYDX protocol, which is a decentralized exchange (DEX) for trading derivatives on the Ethereum blockchain. The project aims to offer a range of financial products such as perpetual contracts, margin trading, and spot trading without the need for a central intermediary. Key aspects of the DYDX project include:
1. Decentralization:
-Operates on smart contracts, ensuring trustless and transparent transactions.
-Users retain control of their funds, reducing the risk of centralized exchange hacks.
2. Advanced Trading Features:
-Supports margin and perpetual trading with up to 25x leverage.
-Offers sophisticated trading tools and a robust order book.
3. Liquidity and Growth:
-Significant liquidity provided by professional market makers.
-Continuous development and upgrades to the platform, including layer 2 scaling solutions to reduce gas fees and improve transaction speeds.
4. Governance:
-DYDX token holders can participate in governance decisions, influencing the future direction of the protocol.
-Governance proposals and voting mechanisms ensure community-driven development.
5. Security:
-Regular audits and a focus on security best practices to safeguard user assets.
-Implementation of insurance funds to cover unexpected losses.
Summary:
The DYDX project represents a strong contender in the decentralized finance (DeFi) space, offering advanced trading features and a decentralized approach to derivatives trading. The current technical analysis suggests a critical decision point for the DYDX/USDT pair within the buy zone, with potential for significant upward movement if support levels hold. Long-term investors and traders should closely monitor price action and project developments for informed decision-making.
Market Insights: Navigating Bitcoin and DYDX📅 Let's dive into today's analysis. The market continues to range, and Bitcoin had a fake breakout yesterday, returning to its range box. Today, it might finally find a suitable condition for a long position. Today's altcoin focus is DYDX, which presents a good shorting opportunity.
👑 Bitcoin Analysis
🔄 As usual, I'm analyzing Bitcoin in the 1-hour timeframe. We had a short entry trigger at 60718, but after breaking this level, the price couldn't continue its downtrend and returned to its range box. If you entered on very low timeframes like 15 minutes, you probably hit a risk-to-reward ratio of 2 and hit your target. However, if you entered in the 1-hour timeframe like me, you would have hit your stop loss, which happened to me as well.
🔍 Now, let's find today's trading triggers. After the fake breakout, we can say the first sign of buyers entering the market was seen. However, it's Saturday, and the volume is very low, so we can't say that buyers are showing a weak trend. I think it's better to stay away from the market today and tomorrow due to low volume, but we should check the market every few hours because we might miss a sharp move.
📈 For a long position, I personally will wait for the 62168 trigger, as it will likely take some time for the price to reach it. By then, the weekend will be over, and the market will have more logical volume. If the trigger breaks quickly before the weekend ends, we can conclude the market has momentum, making it viable to open a position.
📉 For a short position, 60718 is still suitable, but if the price revisits and reacts to this level again, it will be even more suitable for a short. I'm not focusing much on Bitcoin short positions because DYDX has a better trigger for shorting today compared to Bitcoin.
💱 DYDX Analysis
🗂 Let's move on to DYDX. There's no need to explain the project in detail because I covered it fully in previous analyses. However, to give a brief summary, DYDX is a decentralized platform where you can open positions. For more details, you can check out past analyses. If you want a comprehensive analysis of DYDX covering all timeframes and a detailed project explanation, let me know in the comments, and I'll do that for you.
🔍 In the 4-hour timeframe, as you can see, there's a downtrend starting from the break of 1.935 down to 1.306. Drawing a Fibonacci retracement, we see it corrected up to 0.382 and formed a range box between 1.1306 and 1.505. On a smaller scale, there's a smaller range box between 1.434 and 1.343.
📈 For a long position, we can enter after breaking 1.434, aiming for 1.505. The next trigger is breaking 1.505, which could move the price towards 0.618. The final target for this position is 1.794.
📉 For a short position, we have two triggers: 1.343 and 1.306. If the price makes another downward move, it can reach 1.030, a level indicated by the Fibonacci extension.
📊 For all triggers, note that volume should increase in the direction of the position you want to open. Otherwise, we have a divergence, and the trend can't be trusted.
🧩 Regarding RSI, there's an ascending triangle. If the trendline of this triangle or the 57.16 resistance breaks, it confirms the activation of this pattern, providing a confirmation for the position you want to open. The trendline break trigger is 36.71.
📝Both Bitcoin and DYDX are at pivotal points. Bitcoin's low weekend volume suggests caution, while DYDX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
DYDX buy setupThe DYDX structure is bearish but approaching a good support.
I specified the demand and optimal range.
The target of this reversal can be the work of supply.
Closing a daily candle below the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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Dydx zone to buyGlobal targets for Dydx can be still relevant. But locally im waiting this targets
BINANCE:DYDXUSDT
Possible Targets and explanation idea
➡️Long time period accumulation but leave sell side liquidity June 2022
➡️Green block for me will be zone for middle term trade range showed
➡️Fixation trade will be in W fvg
➡️Money Power indicator shows inflow capital in DYDX like it was in 2022
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
DYDX usdt golden signals #DYDX :, after breaking out from the pattern and completing its retest phase, is regaining momentum at the demand level of $2.10. If it can sustain this momentum, there is a high probability it will embark on a bullish path to overcome a resistance level of $2.4 - $2.45 .
However, given the inherent volatility of the market, if #DYDX fails to sustain its momentum and declines, this could indicate a weakening of the bullish stance, potentially leading to a significant price drop. Under such circumstances, we might expect a bullish rebound from the lower, strong Bullish level at $2.100. Nevertheless, a break below this level could result in considerable downward movement.
The bullish journey is projected to kick off once the price surpasses the supply area at $2.3 in higher time frame and continues its upward momentum .