DYDXUSDT
DYDX test resistance of the falling wedgeDYDX / USDT
DYDX was in downtrend inside this falling wedge Since October (More than 2 months)
Today we got bounce from support and once again test strong resistant line
Nice rally will happen if bulls able to break/hold above this resistance
Can the buyers finally break this bearish resistance line ?
DYDXUSDT , Market give another opportunitiesHello everybody
Did you check our last analysis of DYDX ?
Again the market give us opportunity to buy in buy zone area , this is the most important level of supporting , and the key point of trend .
According to the chart that the price is supporting in here we expect this time to break the resistance level that is long time on our way ( trendline resistance ) , and after that we can reach to the new target
We shown another zone that you can buy if the price dump of shadow to it
Previous analysis :
If you have any question send us message
Good Luck
Abtin
Dydx really!hey traders, there is Dydx ,as we see at the chart, we need closing above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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DYDXUSDTThe Market is currently in a downtrend. It's hit the support zone and was rejected at 23.6% Fibonacci retracement. It then retested support. A double bottom could be formed if the price breaks out of the support zone. If a breakout of the descending triangle is confirmed, the price would have to break the neckline at 16.351 to continue further movement to the upside.
Entry: 12
TP: 14-16-19.6421.58-24.34-27
SL: 10.904
This analysis would be invalidated if the price fails to break the neckline and if the price continues a downward movement and breaks the support zone.
DYDXUSDTThe market is currently in a downtrend. The price bounced off support and got rejected at 23.6% Fibonacci retracement. A double bottom could be formed if the price doesn't break the support zone. The price would have to break out of the descending triangle. Break out of the descending triangle would see zones of last known resistance.
Entry: 12.656
TP: 15-27
SL: 10.267
This analysis would be invalidated if price fails to breakout of the descending triangle
DYDXUSDT - Breakout TrendlineDYDX brokeout its trendline and pullback and is currently on strong support.
This is a good place to LONG.
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This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. the Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading towards before engaging in it.
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The information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
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DYDX currently broke out of its downwards channel and its pretty much holding onto support on the daily chart.
If previous resistance now acts as support you could see this continue up.
Keep this on your watchlist.
- Factor Four