Dydxusdtsignal
DYDX correction to 5.20$BINANCE:DYDXUSDT
Dydx now underrated. Where ill start buy Dydx again? Where ill take a profit on local correction? And why Dydx can pump to 5.20$?
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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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DYDX usdt"🌟 Welcome to Golden Candle! 🌟
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DYDXUSDT Elliott Waves Analysis (Investment Idea)Hello friends.
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Everything on the chart. (update)
Everything according plan, we got downward movement in 2.3 - 2$ zone, im already in pos.
Closest Targets: 3.3 - 5 - 7.5 - 11
Main(investment) target zone: 10-12$
RR: 1 to 10
Cancellation of setup - decreasing under ~1.1
notes: it's also possible to see 15-17-20$ targets, but for me it's speculative position and i will sell everything by 10-12$
It's not financial advice.
DYOR!
📈DYDX is going to retest or fall further📉 BINANCE:DYDXUSDT
KUCOIN:DYDXUSDT
Hello traders.
I believe in DYDX, why? Because this all-season (before or after halving) DEX (decentralized exchanges) are going to be under more attention.
right now, there are 3 scenarios in front of the traders.
in 1 & 2, the price can retest the 2- or 4-hour Bollinger midline and then retest the lower level of the pitchfork.
in 3, due to the heavy sell pressure, the price can sorely decrease below the 3.498 level. In that case, the bearish target would be $3.153.
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DYDX/USDT: Bullish Signals on the Horizon!The DYDX/USDT chart is showing two interesting technical indicators suggesting a potential uptrend:
Double Bottom Pattern: This formation often precedes a price increase.
Touchdown at 60-Day Moving Average: Support from this key moving average can signal a bounce.
Potential Long Trade Opportunity:
Based on these indicators, a long trade entry above the 60-day moving average (around $3.97-$3.98) could be an interesting possibility. However, remember, this is not financial advice.
Target Levels:
Here are some potential profit targets based on Fibonacci retracements:
Target 1: Fibonacci 0.5 - $4.44
Target 2: Fibonacci 0.618 - $4.48
Target 3: Fibonacci 1.0 - $5.00
Stop-Loss Recommendation:
Consider placing a stop-loss order below the double bottom's price range (around $3.75) to manage potential risk.
Key Takeaways:
This analysis highlights potential opportunities, but it's not a guarantee of future performance.
Do your own research before making any trades.
Consider using stop-loss orders to manage risk.
By understanding these factors, you can make informed decisions about your DYDX/USDT trading strategy.
Good luck!
DYDX/USDT Could DYDX Breakout the Falling wedge ?? Keep On EYE!💎 DYDX, a prominent player in the cryptocurrency market, has recently shown strong performance. It exhibited a robust bounce off a key support area and is currently on an upward trajectory toward a pivotal resistance trendline within a falling wedge pattern.
💎 A successful breach of this pattern could catalyze DYDX's continued rise, possibly leading it to challenge and break through the bearish OB area.
💎 However, should DYDX encounter resistance at this trendline and fail to break out of the pattern, there could be a reversal in momentum. This scenario might see DYDX retrace its steps back to the support zone around the $2.26 mark, where it would need to gather new momentum.
💎 The support zone at $2.26 becomes critical in this context. DYDX must demonstrate resilience at this level to maintain its bullish stance. A failure to hold above this support, marked by a breakdown, could signal a shift towards a bearish trend.
💎 Such a development would likely result in DYDX descending further, potentially towards a stronger demand area, underlining the significance of its ability to maintain support levels.
"DYDX/USDT Long Alert 🚀: Potential Rebound from Strong SupportLONG #DYDX/USDT
"DYDX is currently trading above the long-term established support level, and there is anticipation of a significant rebound from this point."
📈Entry Point: CMP). Additionally, be prepared to add more positions if the price drops to $2.652
💹 Targets: $2.860 $2.992 $3.143 $3.627 $4.3
⛔️ Stop Loss (SL): $2.556 to limit potential losses.
📊 Leverage: 5x to 10x
R:R :- 1:6 (Lucrative)
Use leverage cautiously and in accordance with your risk appetite. It's advisable to be conservative with leverage to mitigate the risk of significant losses.
Remember, This is not Financial Advice!
"CFX/USDT Long Setup: Bullish Breakout from Falling Wedge PatterTrade Setup for #DYDX/USDT: Long Position
Analysis:
DYDX has broken out of a falling wedge pattern, indicating a potential upward trend.
The current price (CMP) serves as the entry point.
The breakout is being retested, suggesting a potential confirmation of the bullish move.
Entry Point: Current Market Price (CMP)
Additional Positions: Consider adding more if the price drops to $2.870
Targets:
$3.4
$3.9
$4.35
$5.2
$5,8
Stop Loss (SL):
Set the Stop Loss at $2.825 to limit potential losses.
Leverage:
Use leverage cautiously: 5x to 10x.
DYOR
DYDX target 612 he time frame
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DYDX is creating a long-term bottom structure, and if we can mark three resistance zones through Fibonacci Extension, that are 4.8~5.1 / 5.6~6 / 6.95. Also, DYDX is breaking out a triangle structure in lower time frame, which allow us to set up a trading plan that risk to reward ratio is almos 9.
TP: 4.8~5.1 / 5.6~6 / 6.95
SL: 2.7
DYDX may continue to rise according to the cup handle structure🧠As we mentioned in the previous post, our pullback may be over and we are in the middle of a rally driven by the bottom double bottom long structure. In the 15m chart, we have successfully broken through an important inflection point to form a cup handle bullish structure, so the rally with the long structure as support should be very efficient.
⚠️Note that this bullish view will be invalidated if our long defensive point is broken.❌
Let's see👀
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Dydx Trying Fifth Time Dydx is currently making its fifth attempt to break this resistance level. There is anticipation for an impending breakout, potentially signaling a bullish trend. A surge of 30-60% in the near-term is foreseeable, should the breakout occur.
Disclaimer:
This analysis is purely speculative and not intended as financial advice. It's essential to conduct your own research before making any investment decisions.
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.
DYDXUSDT IdeaBINANCE:DYDXUSDT
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
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