DYDX: Strong news = Strong coin💪While everything else falls, DYDX grows.
Why? As in most cases, when coin looks stronger than a market there are news that give it power.
If we check DYDX twitter we can see that developers announced something big, even tho, nobody knows what it is, this announcement was already enough to make it grow 30% , while BTC dropped more than 7% .
Will enter the position when price squeezes to the trendline on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
3% - 1/3
6% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
DYDXUSDT
DYDXUSDT 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.
Entry: market and lower
Target: 5.2 - 6 - 7.5
after first target reached move ur stop to breakeven
Stop: ~3.8 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4.5
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.
DYDX- welcome to floor -1Hello everyone
Since last week we had a great fall of the price on DYDXUSDT, as you can see today's bar went above the high of yesterday's, which gave me the impression of a pin-bar for a second and then turn into this terrifying shadow.I know this asset been nothing but down trend so far,but a price this low for such good asset is just unfair.
Anyway we have seen the low of the market on Tuesday. This shape of the trend might turn into a wedge pattern and let us have a breakout to higher levels.
For now we have the low of yesterday as support 4.05$ and 4.25$ as resistance level
I would wait for higher lows and in case of a reversal pattern, I will enter on my second signal (NOT THE FIRST ONE).
DYDX-accumulation,double bottom ,wedge and higher lows.Hello everyone
Good title,right?
On daily chart on DYDXUSDT, we have good amount of structure and context for a reversal.
I know many people may say" that's a bear flag right there ", yes with a pinbar rejection and a weekly wedge and higher lows. That's why the price is more likely to touch the 4.55$ or the bottom trend line again ( because of the shadows of the last 5 bars & the hanging man of today)and we will have a rejection there and might see the price reaches 6$ by the end of the month.
Have a good trade & don't be greedy.
DYDXUSDT Analysis (LOCAL VISION)Hello 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.
Entry: market and lower
Target: 5.5
after first target reached move ur stop to breakeven
Stop: ~4.2 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2
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.
Bears cant push it down further Time to load up $DYDXA very persistent RSI bullish divergence on daily. Price is not going much down in every down swing, which is a clear indication that the bottom is in.
At this point, the risk to reward is extremely good and you can go long and hodl till the volume and fomo picks up,
Thank me later.
Cheers,
Nav
DYDXUSDT - SETUPDYDXUSDT:
Price is flirting with EMA 21 yesterday but got rejection. Today bulls are trying again to break above and same time breaking the falling trendline, Momentum is fine So we are expecting they can negate the bearish activity and move forward. If reject again then buying on dips will be the Plan B. So keep watching the Price action.
DYDX/USDT analysisDYDX moved as expected and now testing the support of the $4.35-$4.65 area. The long wick below support shows price rejection. DYDX needs to hold this support otherwise we see more dump towards $3.65-$3.75 support. You can build your position at a support of $4.35-$4.65 area. The next resistance is $5.10 area and $6.00-$6.20 area.