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DYDXUSDT

DYDX looks bullishDYDX in descending triangle, 200sma almost hit, we need it above 20sma, could bounce back down from 20sma (blue line) and hit again 200sma (red line) until going up... doesn't have to, but I have seen it too many times... Looks bullish on 1 and 2 hrs. On 4hrs doesn't look bad, can turn bullish soon. Also, this support zone is at 0,382 fib. I would really like to see this RSI trendline broken also... All cards are in for a possible nice move-up... Good luck traders
by PhilosophersStone
DYDX 6h Why it's growingToday we are going to look at something new and hot, namely DYDXUSDT trading pair. But let you write in comments what is the value of DYDX token and why its price is growing so much, and we will write possible scenarios. To begin with, there are only about 6% of DYDX coins in circulation right now of the maximum allowed amount. The law of supply/demand tells us that increasing the coins in circulation will increase their supply in the market, and consequently there will be more pressure on the price. For ourselves, we have identified the $29.50-30.50 price zone as the critical zone for growth. The way to reach it may be as from the current price (because for several previous days the DYDXUSD price is moving up against the BTCUSD correction), or through a correction to the area of $19 . The second option would be more comfortable for us, because then you can enter the position with acceptable risks for the trade, now the price is too high, and the adequate stop is too far away. If the price of DYDXUSDT fixes under $19 , it will not be good for those who bought on the rise and has a long position, because the first stop of the fall in such a scenario is seen no earlier than $11.50. A more global forecast that you are used to reading here from us, it is difficult to write about this pair, because the trading history is very short. But if this idea will be interesting for you and will get a big amount of comments and likes , we will write reviews about it with a certain periodicity. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
52
DYDX showing weaknessopening dydx longs at this point is very risky , as you can it has 3 high volume zones in VPVR. now top zone buyers are underwater ready to get rid of them for breakeven. when DYDX break 20$ downside it will slowly flush them to next zone where more sell pressure. open small DYDX shorts with nice SL and check critical retests is a nice option for now. have a eye on double top and head n shoulders for nice short openings as you know DYDX have more volume than coinbase , be careful if super pump. (NFA)
Short
by oxd0x
Watch DYDX breakout in short termDYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol. By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol. DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users. According to me analysis dydx is performing W pattern and about to brake resistance in 4hr time frame. My short term target is $ 35. Thank You ! #DoYourOwnResearch# #IamNotaFinancialAdvisor#
by iamdinusha