DYDXUSDT
DYDXUSDT (dydx) Daily tf Range Updated till 13-11-22DYDXUSDT (dydx) Daily timeframe range. there are some good amount of retail interest in here and their volumes. we can see lots of out of places moves for that. the alt that moves got more options of profits. its still in its new low area, being stable can help it progress further as their are lots of room for it.
It crossed the $2 resistance!DYDX has rallied more than 25% today, with the currency breaking through the $2 resistance. As you can see, the price trend in the daily time frame is the range, and its fluctuation range is considered between the resistance of 2.7 and the support of $1. The high buying pressure during the past few days can signify the price leaving the range trend and changing upward. Therefore, to break the ceiling of the range channel, it is very important to maintain the support of $2. There is also the potential for forming a double bottom pattern in the weekly time frame. Therefore, breaking the resistance of $2.7 and stabilizing the high price of this area can confirm the pattern and continue moving up to the resistance of $6. For the short term, the important resistance of $3 can prevent price growth while continuing the short-term price path. Therefore, in this range, there is a possibility that the trend will suffer in lower time frames.
DYDXUSDTHello Dear friends
We do not say that this scenario will definitely be implemented (:
In the most optimistic case, there is a possibility of reaction to the yellow range ($1,095).
Only if the above scenario is considered valid for us, the moving trend succeeds in breaking the short-term downward trend line and stabilization and pullback to this level.
We would be happy to hear your comments
DYDXUSDT Analysis (midterm vision)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 3 - 4 and maybe 5
after first target reached move ur stop to breakeven
Stop: under 1 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
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Trading opportunity for long position DYDXUSDTBased on technical factors there is a Long position in :
📊 DYDXUSDT
🔵 Long Now 0.00
🧯 Stop loss 1.678
🏹 Target 1 2.300
🏹 Target 2 3.100
🏹 Target 3 3.750
💸RISK : 1%
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DYDX chance for double bottomDYDX /USDT
Price in downtrend since 1 year inside massive descending broadening wedge
We also notice a possible double bottom in the chart
Keep it simple :
1- If price could break and sustain above trendline resistance we can see strong bullish wave in next days
2- incase of breakdown of Local support it will continue in downward direction
What do you think about DYDX ?
Could this time be a different time or not ?
DYDX UPDATE : start of new cycle ?DYDX/USDT
since listing of this coin in major exchanges it kept dumping for almost 1 year
Finally we got the first clear breakout from descending broadening wedge pattern after 3 major bearish waves
This breakout could be a shift of trend and new bullish cycle for this coin
The most important support here is marked as blue color rectangle which should hold to remain bullish otherwise i would consider it to be a scam coin if broken down too
What do you think about DYDX ?
Share me in comment section below ⬇️
DYDX correction to 5.20$BINANCE:DYDXUSDT
Dydx now underrated. Where ill start buy Dydx again? Where ill take a profit on local correction? And why Dydx can pump to 5.20$?
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets and explanation idea
➡️Fib since drop in April.
➡️Perfect call to sell by "Trade On" indicator
➡️Accumulation phase between -0.18 and -0.618 levels
➡️Forming lower low in June and took liquidity. Correction to drop can be at least to 0.5 level by fib 5.20$
➡️2 signals Strong Buy in May and June
➡️Rejected at "Take profit" line. If we capitulate one more time we can drop to 1.05 (now its a "Buy line")
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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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end of the DYDX uptrend is herehi . I hope you are fine .
I think we have a diagonal for this move up that we have now in wave e. Time rules are true for this Qatar. We have a supply zone that I think is the end of the current uptrend. The high resistance of the price channel also passes through this area. Do not forget to stop and manage capital
Comment if you have any questions
Thank You
DYDX – perfect setup!Hello, everyone!
Let’s continue analyze altcoins. Today I found for you the asset with the perfect Elliott waves formation. I will show you evidences that this formation is valid, thus we can be confident in potential trade setup.
On the 4h timeframe DYDXUSDT chart we can see the clear picture of 5-wave Elliott formation. Wave 1 had the price correction exactly to 0.61 Fibonacci retracement zone, after that the wave 3 was extended and was finished at 2.61 Fibonacci extension. Taking into account wave 2 have been ended at 0.61, wave 4 have to be finished at 0.38, that was the case. Wave 5 finished at 0.61 Fibonacci extension in conjunction with the divergence created the condition for whole Elliott wave cycle end.
Now DYDX is in correction ABC. Wave A have been already ended and wave B is forming. 0.61 Fibonacci retracement is the target for the wave B ($1.50). After that we can wait for the wave C. The target area for wave C and whole ABC correction is the 0.618 from the 5-waves cycle. I am going to enter long position at $1.35.
Best regards, Ivan
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