#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.454.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.462
First target: 0.482
Second target: 0.503
Third target: 0.527
Dymension
#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.380.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.410
First target: 0.430
Second target: 0.445
Third target: 0.461
Dymension —Technical Analysis Works, We Can Time The MarketOnce a recovery is confirmed there is no going back. Technical analysis works, it is an amazing tool and this tool can help us time the market. It can help us know in advance where the market is headed next. Here we have a great example with this DYMUSDT chart.
Once a recovery is confirmed, there is no going back. Here the recovery is the inverted triangle pattern coupled with volume.
On 17-March, a three days session, DYMUSDT (Dymension) produced the highest volume ever. This was a strong green candle but there was a rejection.
This rejection led to a lower low and new All-Time Low. Here is the thing, there was a recovery just a few weeks later.
The last active session, 7-May, produced a full green candle after a higher low. This candle erased all the bearish action after the lower low.
The current 3D session is now full green and trades above the 17-March candle close. This is a complete recovery of the rejection from mid-March.
This recovery reveals two things: (1) The downtrend is over and (2) DYMUSDT is now green.
This chart pattern and price dynamic, reveals what will happen next. Notice that this information is nowhere written on the chart, you have to know where to look and what to look for to be able to extract this information, but the information is present to those that know how to interpret the data.
The chart doesn't predict any specific event. The candles can't be right or wrong, that part is on us. But it is clear that after such behavior by the buyers and sellers of this project their next action will be a wave of buying. This will push prices up. Technical analysis works .
What I like about this chart setup, it is so easy and so simple, yet it has huge potential for growth. With this tool, we can time the market . Being able to time the market successfully calls for a new strategy for those investing and thinking that the way to riches is allocating money into bonds and index funds.
Imagine the same investing strategy, monthly compounding, while at the same time choosing smart.
Buy when prices are low, sell when prices are high while choosing the best possible projects when they are about to blow up.
The end result can be a "Billionaire Teacher," the "Millionaire Teacher" will sound like a bad joke.
10% in the era of Crypto? Bitcoin alone outperforms these numbers already a hundred fold.
Namaste.
#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a rebound from the lower boundary of the descending channel, which is support at 1.76.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.276
First target: 0.288
Second target: 0.303
Third target: 0.318
#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 0.288, acting as strong support from which the price can rebound.
Entry price: 0.296
First target: 0.301
Second target: 0.311
Third target: 0.321
#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.255.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.257
First target: 0.263
Second target: 0.273
Third target: 0.283
DYM’s Comeback: Storm Over or More Clouds Ahead?After breaking down from that lovely pattern, DYM is finally showing some strength—pushing above the moving average at last! Not gonna lie, there’s still plenty of resistance on the way up, but the volume on that breakout gave me a bit of hope for a trend reversal. Now, it’s retesting the MA, and fingers crossed it flips to support. Of course, we’ve still got that big red cloud ahead before we can enjoy clear green skies. Hopefully, the worst of the storm is behind us, and we can all sit back and watch the northern lights! 🌌 Targets: $1 & $1.40. Let’s see what happens! 🚀
#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame and is expected to continue lower.
We have a trend to stabilize below the 100 moving average once again.
We have a downtrend on the RSI indicator, supporting the upward trend with a break above it.
We have a support area at the upper limit of the channel at 0.330.
Entry price: 0.328
First target: 0.325
Second target: 0.317
Third target: 0.310
#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, this support at 0.380.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.400
First target: 0.422
Second target: 0.450
Third target: 0.493
#DYM/USDT#DYM
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.330
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.343
First target 0.369
Second target 0.392
Third target 0.418
#DYM/USDT#DYM
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.38
Entry price 1.38
First target 1.42
Second target 1.45
Third target 1.49
#DYM/USDT#DYM
The price is moving in a descending channel on a 1-day frame and is sticking to it to a large extent and is expected to break it upwards
We have a bounce from the lower limit of the channel at a price of 1.00
We have an upward trend on the RSI indicator, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.40
First target 1.87
Second target 2.52
Third target 3.00
DYM. Speculative investment. $1.5 ---> $11+They dump the price at the beginning to handle sell pressure. In the green zone (low), the strategic market makers will buy again and use cheap tokens + small selling pressure for a global pump.
I don’t know where to sell, because markets are not static, team plans are not static, nothing is static. But I believe that $11+ is the minimal target in a successful case.
This theory works only if you researched & found a special format of token unlocks after the project launch (not team & core unlocks).
~$11 means ~$4.6 billion market cap on the highest price.
$DYM Dymension's Ascending TriangleThis is major for ASX:DYM Dymension because this will determine if DYM begins a major Uptrend or spirals back into the consolidation range. Timeframe: 1hr
Current Price: 1.8
A break above 1.9 will create an avenue for higher prices up to 2.15
Further rejection around 1.9 will seen prices back 1.6 region.
What dimension will #dym take?
SAGA: Another very interesting setupAlong the same lines as Dymension, there's an on-going campaign of airdrops for stakers who are loyal to the protocol and increase their stake over time.
SAGA is a unique Layer 1 blockchain protocol designed to address the scalability issues faced by many blockchain networks. It uses a modular approach by allowing developers to create their own dedicated blockchains, known as "Chainlets," on top of the SAGA mainnet. These Chainlets operate independently but are interoperable with each other and the mainnet, providing infinite horizontal scalability.
SAGA's scalability and customization features make it particularly well-suited for the gaming industry. Gaming applications often require high transaction throughput, low latency, and the ability to handle complex in-game economies. SAGA's modular architecture enables developers to create dedicated Chainlets for specific games or genres, tailoring them to meet the unique demands of each game while ensuring smooth gameplay and scalability.
I'm personally very bullish, and looking to increase my stake and reinvest proceeds of airdrops I obtain (and stake the ones that allow you to stake as well). This can result in cascading gains that compound drastically over time.
Best of luck!
Cheers,
Ivan Labrie.