DYDXUSDT
DYDXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for DYDXUSDT
As we analyzed on December 1, we predicted a rising trend to happen after a fall and currently we see this prediction came true. There is R3 as a resistance area which includes the disability of the price in order to rise. R2 and R1 used to be support areas and S1 used to be a resistance line in the past at which you see the rejection of price at different points to lower amounts. Hence, we have the price fluctuating in R1 area and we predict it will continue its rising trend to reach R2 or R3 and by giving more fixation in those areas, more rise would be there for it. But bear in mind that in case the price is not supported at any point and we have some falling signs, then it will face a decline to lower amounts. Please wait for some confirmation candles and then act wisely.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Good time to buy DYDX. Why?You know how all the assets are out from centralized exchanges to decentralized exchanges like Uniswap, DYDX, and etc.
On the daily chart of DYDX, it broke the longterm downward trendline, faked & rebounded.
It faced a short-term downward trendline, and seems to be breaking. (There was a minor retest in smaller timeframe afterwards)
MACD is gonna light up green
Wavetrend is green
RSI is gonna cross the signal line at 50 (which is the strong signal line)
So, I think this is a good time to buy DYDX, and I did.
This is not a financial advise, and you should do your own research & study.
P.S.
UNIUSDT, DYDXUSDT, GMXUSDT should be on your watchlist.
DYDX scalp longPrice had a very big impulse and it has retraced back to the GP. Currently Changed the MS on 4H. Weekly level and GP are very good confluence according to my statics so I am trying to catch a scalp long on the pullback to 0.5 / 0.618 local fib retracement. stop below the low and target the last swing high. apply risk management always and don't over-leverage.
DYDXUSDTDYDX just finished downside and breakout from the triangle trend. Now DYDX retesting on the breakout trend line and I can feel it may finish upside by clearing mentioned targets. It was performing in really good manner before FTT crashed so I hope it will perform its best.
PLESAE NOTE: Kindly manage your risk! This analysis is based on the chart trend, pattern, EMA & RSI . This is only for the education purpose.
DYDXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for DYDXUSDT
R1 on the top is a resistance area and represents the disability of the price to rise at some points. S1 used to be a long-term resistance line. R1 used to be a support area and S2 is our support line in this chart. Hence, we have the price fluctuating over S1 after breaking it upward the mentioned line and we believe it will continue its fluctuation for a while over here and by giving us some rising signs, we would have a prediction of an increase toward R1 or higher. But in case it loses the support at any point, a decline is waiting for the price. Be attentive to everything in the analyses.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
DYDX swing trade setupBINANCE:DYDXUSDT
Local Swing Trade setup before FED hike rate in 14 Dec
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Possible Targets and explanation idea
➡️Local fib since top Higher High and double bottom on Weekly timeframe
➡️Correction to 0.78 level (there under this level people add stop losses) 1.60$ there we got signal to buy on TradeOn indicator
➡️We can keep this impulse and test 0.38 lvl to 2.12$ and trade in upper part of downside channel
➡️Than we can grab liquidity at 0.86 lvl and bounced from this level around 7-10 December before FED decision
➡️Or earlier going out of channel after break out 0.5 lvl
➡️Middle term target 5-6$ for DYDX still relevant
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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