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dYdX (ethDYDX)

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DYDXUSD trade ideas

DYDX bottom is in? DYdX is currently the fifth-largest decentralized derivatives exchange by total value locked (TVL). Since March 2024, DYdX has lost 80% of its value, with one of the potential reasons being the departure of its CEO in May 2024. However, with the CEO's return, there is potential for the company’s situation to improve. From a technical perspective, the price is now sitting at the support trendline of a descending channel on the 2W TF. I am initiating a buy position here, with TP at $3.5 Invalidation level at $0.73 (on weekly TF)
CRYPTO:DYDXUSDLong
by evasivesteering
✴️ DYDX Bullish Zone (400%-595% Profits Potential)After going green for five weeks straight, ultra-bullish, DYDXUSDT is now moving within the "bullish zone!" This means that the almost two years long consolidation phase is over and the pair, the project, the Altcoin, the market is ready for massive growth. Prepare for something not seem in many years... For many pairs/projects, it will be the first time they experience such a strong bullish wave. Remember, this is only the "preview," we will have massive growth in 2024 and 2025 when we enter the full flown bull-market ending with a bull-run phase. New All-Time Highs all across. Thank you for reading. Namaste.
CRYPTO:DYDXUSDLong
by AlanSantana
15
DYDX Wild Long-term Potential Price ActionVery straightforward, high level prediction: DYDX looks to be holding relatively strong, following ascending channel. However, price looks as if it is just bouncing off upper channel + overall market has been insanely bullish with BTC hitting $42k. My bias on this one would be to see an overall market retracement and for DYDX to go lower towards the bottom channel to build up some liquidity and take off above upper channel. This is my first attempt at one of these public reviews/market analysis. Excited to see how this turns out in one year.
BINANCE:DYDXUSD
by Hecti19
✴️ DYDX Conquers Major Resistance | Can Lead To $4.444Today is a good day for DYDX, for its traders. Looking at this daily chart on the DYDXUSD trading pair, we can see a major bullish development taking place. While DYDX has been trading above EMA50 and EMA100 for a while, just today it finally managed to move above MA200, this level has been working as strong resistance ever since DYDX lost it as support back in May of this year. MA200 here is matching a resistance level marked with a blue line, this same line fits perfectly with the 0.382 Fib. extension level which I noticed just now, as I write this. This is a very strong level as multiple indicators converge here and it is being conquered as resistance. If DYDX closes above it, the bullish signal is in. With one or two additional sessions staying above it, confirmation is in. With confirmation in place, the doors open for bullish gains. The price range is around $2.222. The development I am describing now if confirmed can lead to $4.444. This is all pretty good because DYDX started going down in early February, 7 months ago, and just now this huge corrective+consolidation phase is ending and we can experience a new high and bullish excitement, profits and fun. It will be the last bullish wave of the year so the make the best of it yet, it will get even better in 2024. If you survived the bear market, the long recovery phase that followed, you will be rewarded with money, literally... You will be rewarded with the fruits of your labor. Energy in, energy out. Whatever results you get will be fully based on your own unique projections, your mind potential, how you see yourself, your health, your goals, your actions, your decisions, etc. Many new Crypto-millionaires will be created in 2025 and 2024. It is way too important, wise, to develop a nice plan for what is coming... A beginner mistake and a very expensive one goes something like this, "I learned the hard way that my money would have grown many times more if I just held the same tokens rather than trying to earn big by jumping from coin to coin". Those with experience can surely trade, those just getting started... Namaste.
KRAKEN:DYDXUSDLong
by AlanSantana
1
$DYDX : Cultivating Opportunity: An In-Depth AnalysisA comprehensive analysis of CRYPTOCAP:DYDX , presently valued at $2.36 as of the current writing, unveils a series of significant patterns and indicators. Most notably, an intricate Triple + Double bottom formation has materialized, complemented by a consistent series of ascending peaks and troughs in the Relative Strength Index (RSI). This steadfast progression is further underscored by the multitude of price interactions with resistance thresholds. Contextualized within the backdrop of Bitcoin's lateral or ascending movement, discernible price milestones come into focus, including $2.92, $3.70, and $4.52. Beyond these intermediate benchmarks, the prospect of a substantial surge, potentially reaching $6, emerges as a distinct possibility. #NFA
BINANCE:DYDXUSDLong
by UnknownUnicorn3237473
dYdX Accumulation planDecentralized exchanges are very promising to become a new hype in the upcoming bullrun, with dYdX emerging as a compelling focal point for both traders and investors. It's been 1 year and a half that dYdX has been trading in the range from $1-$2.7. It's likely that it will continue to be for many months. In my opinion, good opportunities to accumulate dYdX may come the next weeks/months. As depicted in chart, I expect that prices will be in the second yellow area (2) with a possibility that they will deviate from the current range. Any bag holder here? What do you thing about the future of DEXs and dYdX? --------Info about dYdX-------------- dYdX is a decentralized exchange (DEX) built on the Ethereum blockchain, primarily focused on derivatives trading and lending. It enables users to trade a variety of cryptocurrency-based financial products, including perpetual contracts, spot trading, and lending.
CRYPTO:DYDXUSD
by evasivesteering
DYDX/USD, Triple bottom formed? Buy Sign for me!Greetings, and welcome back to my analysis! I've been keeping a close eye on DYDX/USD since November of last year, and my analysis suggests that it has already formed a bottom. Currently, the price is at a key level of resistance on the weekly chart, specifically a supply level. As traders and investors, it's important for us to pay attention to these levels as they can indicate potential changes in market sentiment. A breakout from this level, where the price moves above the supply level, could signal a bullish trend and may present an opportunity to enter a long position. This is because a breakout from a supply level indicates that the bears have lost control and the bulls are starting to take control. Additionally, if the price does break out from this level, we should also be aware of retest and consolidation. Retest refers to the price coming back to the breakout level, to confirm that the level is indeed broken, and consolidation refers to the price moving in a tight range after the breakout. Both of these factors can indicate that the market is gathering momentum before continuing in the direction of the breakout. However, it's also important to note that we should also have an exit plan in case of invalidation, which means that the price falls below the supply level. This would indicate that the breakout was false and the bears are still in control of the market. This would lead us to close our long positions and wait for a new setup to form. Overall, DYDX/USD is currently at a key level of resistance, and a breakout from this level, along with confirmation through retest and consolidation, could present a bullish opportunity. However, we must always be prepared for the possibility of invalidation and have a clear exit plan in place.
CRYPTO:DYDXUSDLong
by RS_CryptoAnalysis
1