DYDXUSDTAbout 2.5 to 2.7 is the important area of demand
We have to see what kind of reaction he will give us for trade
DYDXUSDT
DYDX Possible Long setupI drawed a possible scenario for DYDX. Setup is not confirmed yet. We need to flip rectangle area into support before. Opening a trade now could be risky, but ideal stop is below local bottom. Better setup would be to wait the break of the market area and wait for a retrace.
📈 DYDX: Breaking the Charts with Precision! 💹 DYDX has emerged as a star player in the crypto charts, showcasing a compelling technical setup that has traders buzzing with excitement. The recent surge in price is not just a random move; it's a result of a clear breakout coupled with a meticulous retest of a significant accumulation zone. Let's dive into why DYDX is currently trading around the $4 mark.
Chart Analysis: DYDX's Technical Brilliance
DYDX's chart tells a tale of technical brilliance, featuring a decisive breakout and subsequent retest. The coin surged with purpose, breaking out from a well-defined accumulation pattern that took the form of a symmetrical triangle. Such patterns often signify a period of consolidation before a powerful move, and DYDX did not disappoint.
Technical Indicators: The Precision of the Breakout
The precision of DYDX's breakout is evident not only in the strength of the move itself but also in the subsequent retest. The price action confirms a clean and well-executed escape from the accumulation zone, showcasing the market's confidence in DYDX's upward trajectory.
Trading Strategy: Navigating DYDX's Momentum
For traders eyeing DYDX, the breakout and retest present a prime opportunity for strategic entries. Monitoring the coin's momentum and confirming the sustainability of the upward move will be crucial. A well-crafted trading strategy, considering these technical nuances, could position traders favorably in DYDX's promising journey.
Conclusion: DYDX's Charting Triumph
DYDX's recent price surge is more than a mere spike; it's a triumph in charting precision. The breakout from the symmetrical triangle, followed by a calculated retest, speaks volumes about the coin's technical strength. As DYDX continues to chart its course, traders are poised to ride the momentum of this well-executed move.
🚀 DYDX Analysis | 📊 Technical Breakouts | 💡 Trading Precision
Are you diving into DYDX's charting triumph?
Share your insights, strategies💚🌐💚
❗See related ideas below❗
DYDXUSDT(dYdX) Daily tf Range Updated till 15-11-23DYDXUSDT(dYdX) Daily timeframe range. another impressive pump here. stopped close to 4.443 , some positions from recent low right up here. if it gets clear than way open for next range level.
DYDX ANALYSIS 🔮 #DYDX Analysis
💰💰 After a long consolidation #DYDX is trying to breakout the resistance level. If #DYDX closes above parallel channel then a bullish move will be seen 🚀🚀
💸Current Price -- $4.085
📈Target Price -- $5.500
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#DYDX #Cryptocurrency #Breakout #DYOR
DYDX INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that DYDX has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
DYDX long accumulation about to end ?DYDX / USDT
since start of 2023 and iam making bullish ideas about this coin
I still hold it since my first analysis/setup in 1.3$
Looking at this chart always give me good expectations from what can happen if it exit that long accumulation range and real bullrun started
DYDXUSDTTRADE ALERT!DYDX
Ticker: DYDX/USDT
Entry: 3.1-3.2
Take Profit: 3.8-3.4
Stop Loss:2.639(Daily Close Below this)
Risk to reward: 1:2
Technical Thesis:DYDX one the verge of breakout.Daily and weekly candle above 3$ is bullish for DYDX.
SELL dydx SELL - SHORT
DYDX/USDT
🔰Entery: = 2.200 - 2.105
❇️Targets
1️⃣2.078
2️⃣2.020
3️⃣1.955
4️⃣1.893
5️⃣1.788
6️⃣1.683
🧯Stoploss : 2.235
DYDXUSDT.1DBased on the provided market data for DYDX, the currency is currently trading at a price of 2.692 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 64.92, 73.96 and 62.9 respectively. The RSI for 1 day is above 70, which is generally considered overbought, indicating that a price correction might be due.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 0.051, 0.124 and 0.030 respectively. The MACD being above zero indicates the short-term average is above the long-term average, suggesting upward momentum.
The Bollinger Band (Bb) for 4 hours, 1 day and 7 days are 2.685, 2.674 and 2.630 respectively. The current price is above the 4-hour and 1-day Bollinger Bands, suggesting the currency is trading at a relatively high level.
The support levels for 4 hours are 2.494, 2.346 and 2.179, and resistance levels are 2.744, 2.986 and 3.061. For 1 day, support levels are 2.289, 2.074 and 1.900, and resistance levels are 2.790, 3.190 and 3.339. For 7 days, support levels are 2.098, 1.787 and 1.363, and resistance levels are 3.121, 3.645 and 4.290.
In my opinion, DYDX is currently in a strong upward momentum as indicated by the RSI and MACD. However, the overbought RSI for 1 day suggests there might be a price correction in the short term. The currency might test the resistance levels in the coming days, but if it fails to break through, it might retrace back towards the support levels. As always, it's advised to consider other market factors and your risk tolerance before making investment decisions.
🔥dYdX is $300M Cap Altcoin That Can Turn to $1B In a 1 MonthdYdX is a DEX (decentralized exchange) which related to Binance. It doesn't grow to much such as Solana, Link and other "old" altcoins, so it means that dYdX has a great potential to grow.
Its cap ($300M) is to low for such type of project and bull market will show it!
The middle and bottom of the channel is a areas where you should consider long or spot purcahses. Also squeeze and trendline breakout will confirm the power of bulls.
The closest targets is a top of the channel, $4 and $7 key levels.
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dYdXdYdX was in a downtrend unfolded in an inverted triangle. After dYdX broke the major downtrend line, price went up and then correction followed in the shape of a minor triangle. Recently, dYdX broke this triangle too. Let's see how far dYdX can go.
Update DYDXUSDTI see that the downward wave has ended and there is new data that has emerged that supports the rise further
The data was shown on the chart. Good luck
DYDX/USDTPossible break and retest happening on DYDX. Let's see if this key level can hold and buyers show that they are in control, or will it break and they need more time.
If there will be new crypto bull market, I think Dexes like GMX, GNS and DYDX will perform well, as they will start to bring profitable revenue in and share it with holders of their tokens
If you are surprised that altcoins got whacked for the last 4 months against Bitcoin you shouldn't be
Post from june about alts
No trade is risk free!
1st mistake novice traders do is not having risk management and get their ass burned!
-PalenTrade
dydxusdt.p Hello my friends
This is my analysis and thinking about this chart and I hope it gives you a trading idea
Follow me and give me a comment so that I can share more analysis for you
DYDX/USDT Break Key Level area. Ready to Upward momentum ??💎 DYDX has certainly piqued our interest. In a remarkable turn of events, DYDX has managed to breach a formidable resistance zone, substantiating its bullish momentum with a validated retesting phase.
💎 The resilience of this resistance, historically repelling advances, has now been overcome, signaling a robust bullish phase for DYDX, poised to ascend further. The trajectory suggests a smooth sail towards significant supply zones, Probability reaching even the bearish OB regions with ease.
💎 However, sustaining current support levels is crucial for DYDX. Failure to do so might necessitate a fallback to the $2.1 demand zone for a rebound attempt.
💎 Conversely, a more ominous scenario looms if DYDX retraces to the demand zone and falters, failing to uphold its position. Such a development could spell a bearish reversal, initiating a downward momentum. Under these circumstances, DYDX could find itself navigating back towards more substantial demand zones, indicative of a more profound bearish undertow.
DYDX - Make or breakI've been suggesting further upside on BYBIT:DYDXUSDT.P and for alts in general for a long time, but dydx has been one of assets I traded best, feel free to check the charts below for how HTF ideas played out since march/january.
At the moment it's approaching to a big resistance area I highlighted before and already looks like a deviation of the range (at least at the time of this analysis) even before clearing some of those OBs. It still makes more sense to me for another push up into 2.59-2.78 before a 20-30% pullback. Unlike almost every market participant right now, some charts (including dydx) makes me think it may not be a good idea to buy those pullbacks - but the analysis has been spot on so far, so if it looks ready for a bounce, I'll take that long.
DYDX - PrimaryOk, we nailed the bottom for BYBIT:DYDXUSDT.P with the HTF idea.
I'll add my EW counts as a comment to keep the chart as clean as I can. PA wise, my main idea is to go a bit higher, pullback, then run towards 5$.
Disclaimer: The setups given aren't the way i'll play it. I don't like using stops in areas like this where I'm confident we'll reverse eventually. I scale in slowly until a break of structure on LTF (so that I don't have a liquidation level).
DYDX Facing major resistanceDYDX UPDATE: DYDX doing good move so far on 4hrs TF but currently facing 4hrs TF major and if DYDX can flip 2.334 to support will actually trigger good move and the target to consider taking profit are indicated on the chart…. Keep your eyes on it......
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DYDX is bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DYDX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
long DYDXCRYPTOCAP:DYDX broke through the resistance level and the major descending trendline. Bullish movement to resistance level at $2.31 is expected to happen.
DYDXUSDT buying nowDYDX found support at the bottom of the descending channel. We are going long, and aiming for the supply zone, which goes inline with the 78.6% Fibonacci resistance.
DYDX UPDATE (1D)
In the previous analysis, we identified a red area in the upper part of the chart.
Due to the fact that the price did not reject strongly towards the lower side, it seems that it will climb up to the upper red zone and then reject towards the lower targets.
