DYDXUSDT.P trade ideas
dYdXdYdX was in a downtrend unfolded in an inverted triangle. After dYdX broke the major downtrend line, price went up and then correction followed in the shape of a minor triangle. Recently, dYdX broke this triangle too. Let's see how far dYdX can go.
Update DYDXUSDTI see that the downward wave has ended and there is new data that has emerged that supports the rise further
The data was shown on the chart. Good luck
DYDX/USDT buy red sell green
basically what I am saying here is buy the red support line, as the symmetrical triangle is starting to compress as you can see with the white diagonal resistance, before FEB a breakout will happen and my idea is W pattern then pump, green lines =targets
Five more waves of downsideIt made a large downward wave A, then made three occasional waves B, and began to show signs of weakness, and then another five large downward waves, C, began to fall.
#DYDX | Short Opportunity | Potential 3RR#DYDX | Short Opportunity | Potential 3RR
DYDX is showing a solid rejection and shown a change of structure and now it has broken that structure and retesting the now resistance. We can expect it to drop down to the formed order blocks to pick up so liquidity before likely pumping again.
Relatively bullish market atm so this is a risky trade
Coins unlocks - why its not so bad?Weekly token unlocks are a regular occurrence in the cryptocurrency market. These tokens are typically released to early investors, funds, and project teams. Upon receiving these tokens, some investors choose to sell them, either through market orders or limit orders. These sales can have a noticeable impact on the token's price. However, there are some key points to consider regarding token unlocks:
Market Reaction: It's common for every “guru” who trying speculate on the market's response to these future distributions. While some traders may try to accumulate on these events. Predicting market movements in response to token unlocks can be quite challenging.
Project Quality: High-quality projects usually plan their tokenomics meticulously to minimize the influence of early investors on the price. They design their token release schedules to prevent significant disruptions to the market.
Small Unlocks: In many cases, only a small percentage of total circulating tokens becomes available. When this percentage is low, it may not significantly affect the market. Selling pressure from a 1% or 3% unlock, for example, may not be substantial.
Unintended Reactions: Sometimes, the market reacts in unexpected ways to token unlocks. Prices might not immediately rise upon the unlock, and they can even experience downward movements. Breakouts do not always result in immediate asset sales. Or someone can sell before unlock and bring a fear, so at unlock this whales absorb all coins and push price back up.
Project Strategy: Occasionally, projects may opt to postpone large token releases that were anticipated. This delay can have unexpected consequences, such as liquidations of short positions, leading to significant price movements.
Every case is individual. You remember when DYDX postponed 1 year 15% unlock. But during this year price will stay in a same range. Or upcoming HFT unlock. If HFT was at 1$ price do you think its a smart idea for people who will get now some % from 15% supply sell now at 0.28? If they can just wait a bit and sell higher? Of course everything depends of personal situation. Some investor want out of project, some accumulate more, some need money NOW, someone can wait 1-2 year longer but with full amount of coins on wallet now.
Always just imagine, behind every unlock the same people like you. And ask yourself if you invest in some coin on early stage, you believe in potential of this coin. Now you got your coins from unlock period but price so low, and we are at the bottom will you press - SELL? I think not, because you understand the potential. Also you got a big bag of this coins and you better wait alt season for % step by step fixation with perfect average price.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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DYDX/USDTPossible break and retest happening on DYDX. Let's see if this key level can hold and buyers show that they are in control, or will it break and they need more time.
If there will be new crypto bull market, I think Dexes like GMX, GNS and DYDX will perform well, as they will start to bring profitable revenue in and share it with holders of their tokens
If you are surprised that altcoins got whacked for the last 4 months against Bitcoin you shouldn't be
Post from june about alts
No trade is risk free!
1st mistake novice traders do is not having risk management and get their ass burned!
-PalenTrade
DYDX going down after bullrunThe instrument has formed a strong local support level, which has been tested with several touches, which confirms the accumulation of stops of long participants who realize their volumes from it. There is also a local downward trend, pushing the price to the level with the help of limit sellers.
When can you buy #DYDX? CRYPTOCAP:DYDX goes up 43% from its bottom with high volume. CRYPTOCAP:DYDX is currently facing the resistance level at $2.6-$2.8. It will have a correction in the near future.
In the general crypto market, #BTC is running the fifth wave in Elliott's theory, and almost all #altcoins go up 30%-x2 from their bottoms ⇒ The #crypto market needs to have a correction.
The fear of greed index is 68 showing that the mass is a very greedy emotion.
You can wait and buy when CRYPTOCAP:DYDX falls down to the horizontal at $2.1.
DYDX Benefiting From Bitcoin's Upward TrajectoryWhile the global trend for DYDX appears to be on a downtrend, there's been a positive shift in recent months. Since June, the asset has consistently traded above the $1.7 threshold, demonstrating resilience amidst Bitcoin's occasional downturns.
Currently, DYDX is benefiting from Bitcoin's upward trajectory. Over the past week, it surged by 25%, reaching the resistance zone between $2.37 and $2.50. The momentum suggests a continued rise, eyeing the next targets at $2.65 and $2.77.
Still, a slight correction within this upward trend wouldn't be unexpected. In such an event, DYDX might retreat to a support level of $2.09, or even revisit the buy range between $1.73 and $1.85. A descent into the $1.37-$1.64 range would indicate a shift from its recent bullish stance to a bearish one.
Also, it's crucial to consider certain fundamental developments that could impact the DYDX price. There's talk of the platform transitioning to its own blockchain by the end of the year, a move that could enhance its trajectory. However, whispers of a sizable token release for early investors in the upcoming months should also be weighed in when contemplating future trades.
$10 before December for $DYDXThe team of DYDX will pump the token for the early investors so that they can make some profits !
dydxusdt.p Hello my friends
This is my analysis and thinking about this chart and I hope it gives you a trading idea
Follow me and give me a comment so that I can share more analysis for you
DYDXUSDT short I think DYDXUSDT will be pulling back from the yellow Trendline where its being rejected from going upwards. I think it will get to 2.2 and probbably even 1.55 then maybe continue upwards. I've entered position already at 2.4097 with 50X lev.
Tp:2.2(100%) = 435% profit (50X lev)
SL above yellow Trendline
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 $2.1 demand zone for a rebound attempt.
💎 Conversely, a more ominous scenario looms if DYDX retraces to the demand zone and falters, failing to uphold its position. Such a development could spell a bearish reversal, initiating a downward momentum. Under these circumstances, DYDX could find itself navigating back towards more substantial demand zones, indicative of a more profound bearish undertow.
DYDX - Make or breakI've been suggesting further upside on BYBIT:DYDXUSDT.P and for alts in general for a long time, but dydx has been one of assets I traded best, feel free to check the charts below for how HTF ideas played out since march/january.
At the moment it's approaching to a big resistance area I highlighted before and already looks like a deviation of the range (at least at the time of this analysis) even before clearing some of those OBs. It still makes more sense to me for another push up into 2.59-2.78 before a 20-30% pullback. Unlike almost every market participant right now, some charts (including dydx) makes me think it may not be a good idea to buy those pullbacks - but the analysis has been spot on so far, so if it looks ready for a bounce, I'll take that long.
DYDX - PrimaryOk, we nailed the bottom for BYBIT:DYDXUSDT.P with the HTF idea.
I'll add my EW counts as a comment to keep the chart as clean as I can. PA wise, my main idea is to go a bit higher, pullback, then run towards 5$.
Disclaimer: The setups given aren't the way i'll play it. I don't like using stops in areas like this where I'm confident we'll reverse eventually. I scale in slowly until a break of structure on LTF (so that I don't have a liquidation level).
DYDXDYDX rectangle box range
Clear enough for trading, right?
It's not a financial advise
Always DYOR
DYDX Facing major resistanceDYDX UPDATE: DYDX doing good move so far on 4hrs TF but currently facing 4hrs TF major and if DYDX can flip 2.334 to support will actually trigger good move and the target to consider taking profit are indicated on the chart…. Keep your eyes on it......
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DYDX is bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DYDX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
DYDX/USDT Data Check from Oct/23 - Nov/01Overall, DYDX is tryinng to break through its nearest resistance at 2.09x to 2.11x zone and seems succesfully retest at 2.04x zone. If nothing changes it we move forward when its have enough momentum. On week TF its still in bearish channel. So the best thing I am looking forward is DYDX will fake out at this time and continue to keep it bearish.
On h4 TF, its successfully brak the channel and moving to retest nearest resistance zone. So it can be keep increase in about 2 -> 4 days! one thing to make me doubt about this is this is totally matched to BTC data, he will reveal his true trend on about 3 -> 8 days and the I am significantly feeling that it can be crushing down any time when reach to 31k8xx zone. So stay focus and careful with your long positions. I was pre-warning about this alt wave and keep watching the market on next 3 -> 8 days.
stay safe and stay gold!
