DydxBTC to the MOOOOOOOON!!!- completed pullback to the trendline
- high probability reversal area
- %61.8 ret of the previous move
DYDXBTC trade ideas
DYDX targetsdYdX starts to move in a bullish direction -with a buy signal
We can see (bellow) on smaller intervals, more bullish signals
Most things built on Ethereum tend to have a recovery (unlike projects on BSC sleeping deep)
dYdX is a layer-2 decentralized trading platform built on Ethereum that supports multiple financial products such as perpetual, margin trading, leveraged trading, and spot trading. In simple terms, it combines off-chain order books with an on-chain settlement layer to enable bidirectional trading.
I WON’T SELL my bag, not just yet!!!Today we have dYdX/BTC to talk about
Easier chart to analyze than the USDT pair, as we can identify our support and invalidation area better.
The bearish momentum has been stoped a week ago, and the new bullish wave is around the corner!
We bottomed out, made higher lows, and currently broke out of this pattern with some massive green candles.
I am aiming for the 50 fibonacci level for the next stop,
The invalidation level for me is below the dotted line which creat a lower low on the chart.
Plus all of that above, we are holding the 21ema on 4hr chart which is also a very bullish sign.
So if we break below that ema and trend line, i will close my longs and sell my tokens, and maybe buy them back around $10.
My target for dYdX is still at $31;
This new protocol has a great future and I don’t think it just fades away so fast.
Do you hold any dYdX for this bull run? If you do, what is your target?
Share you ideas with me in the comment section
And as always, stay safe stay profitable ;)
$DYDX$DYDX could bottomed here. Targeting 4H 200MA if claimed and built a strong support above it it could go much higher.
DYDX/BTCDespite the fact that DYDX per USDT is bullish, my idea suggests a bearish trend for its BTC peer. Let's see what will happen ;)
