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DYDX / TetherUS PERPETUAL CONTRACT

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DYDXUSDT.P trade ideas

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
Long
by ZEUS_Market_Alerts
DYDX Technical Forecast About CRYPTOCAP:DYDX ethDYDX (dYdX) is the governance token for the layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange. It serves to facilitate the operation of layer 2 and allows traders, liquidity providers and partners to contribute to the definition of the protocol's future as a community. Token holders are granted the right to propose changes on the dYdX’s layer 2, and are presented with an opportunity to benefit through token staking and trading fee discounts. Built on Starkwire’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower​​ minimum trade sizes on the protocol. The exchange was founded in 2017 with over $10 million in seed venture capitalist funding and went live in 2019. DXDY token Initial coin offering (ICO) was on September 9th 2021. Technical Analysist - 24h price change: +16.44% - 7D price change: +48.59% - Today's volume: $134,574,775.85 - Short-term support level: 3.066 - Short-term resistance level: 3.563 In the past 5 minutes, DYDX price signals a bullish trend, +3.42%, with an upward breakout trend. The price has shown consistent positive growth in the last 24h and 7D, indicating the possibility of further upward movement.
Long
by DEXWireNews
DYDX - About to fly through the roofOn the above weekly chart price action has corrected over 90% since last October. A number of reasons now exist to be bullish, including: 1) A strong buy signal prints (not shown). If you want to see it, just ask. 2) The breakout of price action and RSI resistance. 3) Bullish falling wedge pattern with breakout. 4) Latterly price action is on strong support following the Dragonfly DOJI candle print. Don’t ignore. 5) On 'what if' list on BTC pair. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: 1st target @ $5 1-week BTC pair on golden pocket following breakout
Long
by without_worries
48
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.
Long
by MarsSignals
🔥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. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3