#dydx-usdt#update previous analysis:
A post-pattern is being formed.
Wave C is starting, target 4.7 - 5.4
DYDXUSDT trade ideas
DYDX 1WHello . If dydx can break the weekly midline time and its resistance, it can go up. My only doubt is that the crypto market will start correcting from here.
dydxFrom a technical point of view, it is at a fake level and the opening orders have been removed. The targets are specific
DYDXUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Price going by alternative option.
Main target zone: 4.5 - 5$
Stop: under 2 (depending of ur risk).
RR: 1 to 3
ALWAYS follow ur RM.
risk is justified
Good luck everyone!
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It's not financial advice.
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DYDX On Fire: Don't Miss Out on This Buy Trade!"## dYdX Coin (DYDX) - Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **dYdX** is a leading **Decentralized Finance (DeFi)** protocol for margin trading and perpetual contracts.
* It operates on two primary tokens:
* **dYdX (ethDYDX)**: An Ethereum-based governance token currently undergoing migration to the dYdX Chain.
* **dYdX (Native)**: The native token of the dYdX Chain, used for gas fees and governance.
* Key features:
* **Low fees:** Compared to centralized exchanges, dYdX offers significantly lower trading fees.
* **Deep liquidity:** Provides high liquidity for popular cryptocurrency pairs.
* **Leverage:** Users can access up to 20x leverage on perpetual contracts.
* **Governance:** Token holders can participate in protocol governance decisions.
**Recent News:**
* **dYdX Chain launched:** In February 2023, dYdX launched its own Layer 2 blockchain, the dYdX Chain, aiming to offer faster and cheaper transactions.
* **Governance proposal:** A recent proposal aims to transition all governance and staking to the dYdX Chain, leaving ethDYDX primarily for historical purposes.
* **Trading volume:** Trading volume on dYdX has seen significant fluctuations in recent months, though it remains a major DeFi platform.
**Disclaimer:**
* Cryptocurrency investing is highly volatile and speculative. This information is not financial advice, and you should always conduct your own research before making any investment decisions.
* Past performance is not necessarily indicative of future results.
* I am not responsible for any losses or damages incurred as a result of your investment decisions.
DYDX/USDT Analysis -
DYDX/USDT Analysis - Long Position
Introduction
The DYDX/USDT trading pair presents an intriguing opportunity following a price correction, offering an attractive entry point at $3.195 USDT. This analysis aims to delve into the technical aspects supporting the decision to initiate a long position.
Support and Resistance Levels
The current price of $3.195 USDT aligns with a compelling level as it coincides with a former resistance that now has the potential to transform into a robust support. This region around $3.2 USDT has already proven its significance through successful tests in previous trades.
Confirmation of Positive Trend
A review of transaction history reveals a persistent positive trend in the DYDX/USDT market. Recent corrections have been followed by substantial rebounds, indicating continued investor confidence in this trading pair.
Technical Analysis
Technical indicators, including moving averages and oscillators, also confirm the bullish outlook. The presence of positive momentum reinforces the validity of the decision to buy at the current price level.
Profit Target and Risk Management
Considering the potential for a turnaround from the current level, a reasonable profit target could be established. Additionally, it is crucial to implement risk management strategies, such as stop-loss orders, to protect invested capital in the event of unexpected market movements.
Conclusion
In conclusion, the DYDX/USDT pair currently offers an enticing buying opportunity, supported by strong support levels, a positive trend, and favorable technical indicators. However, it is essential to remain vigilant and implement appropriate risk management to maximize the chances of success in this long position.
DYDXUSDTsmart money concept analysis: Don't get caught in whale traps.
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DYDX NEW UPDATEThis analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
The previous wave count of dydx and diametric was found to be correct, but the price did not reach the demand range of the previous analysis so that we entered the buy/long position. But now we have a good range to enter a buy/long position on the chart.
It looks like the G wave that was our last diametrical wave is over and we have entered the rising C wave.
Closing a daily candle below the invalidation level will violate the analysis
Destiny According to the drop that happened from the ceiling of $28 , And according to Fibonacci levels , And according to the departure from the triangle pattern , I imagine good growth.
$DYDX#DYDX
Acccumulating for 658 Days.
Need to break through 3.8 - 3.9 supply zone to start the rally.
🔅mid-term target - 7
🔅1 long-term target - 17
🔅2 long-term target - 25
🔅3 long-term target - 45
Dydx LONGI plan to close my position in Dydx soon, aiming to secure my profits within the green box, which represents a supply zone.
DYDX Will go to the moon DYDX Very Bullish.
Breakout of Trendline
Breakout of MA
Breakout of Volume
DCA forever
#DYDX/USDT#DYDX
The price is moving in a downward channel and it has been broken to the upside
On the 4-hour frame, we have clear upward momentum after some correction occurred
We have support from the Moving Average 100 breakout
Current price 2.77
The first goal is 3.00
Second goal 3.16
Third goal 3.40
DYDXUSDT = Forming a triangle patternAs you can see in the image BINANCE:DYDXUSDT is currently forming the triangle pattern. in the next few days we can see the triangle pattern forming.
The triangle formation is between the strong support and resistance. Support is around 2.5$ and resistance is around 2.8$.
Most likely the triangle pattern break will be towards the resistance and we can see some nice bullish moment, however we ned to wait till the breakout to be sure.
We will update the chart when the triangle formation completes and breakout is confirmed.
Cheers!
GreenCrypto
Dydx outlook 💡 I am shorting DYDX because it is rejecting the trendline I drew. I am aiming for a 1 to 1.4 risk-to-reward ratio.
DYDX - USDBreakout above $2.5 range and reclaimed ceiling as support.
Looks even better above 4.45
Sned
DYDXUSDT based on 1h chartHello traders, I am expecting a ranging between the Orange order block which is considered to be Premium zone, and the blue oB...
and then a Liquidation upward, then a dump towards the green zone (2.775 - 2.900)
Trade carefully and always move your SL to Entry Point...
enjoy trading <3
Dydx idea💡 The price of Dydx is currently on an uptrendline, indicating a favorable opportunity for a long position. It would be wise to set a take profit level at the supply level located above in the green box.
DYDX - Ascending Channel PumpDYDX, observed on the weekly timeframe, is currently trading within an ascending channel. The price action reflects a consistent pattern of liquidity absorption, oscillating between the upper and lower bounds of the channel. This liquidity-driven movement suggests a recurring behavior of price navigating from one liquidity level to another. The anticipation is a potential retest of the lower channel boundary, particularly around the $1.9 level, before a breakout above the upper channel boundary.
🔄 Ascending Channel and Liquidity Movement:
DYDX's price movement is structured within an ascending channel, highlighting a series of higher highs and higher lows. The intriguing aspect is the consistent absorption of liquidity, indicating a cyclical movement from one liquidity level to another.
📊 Liquidity Retest and Breakout Scenario:
The analysis suggests a potential scenario where DYDX may undergo a retest of the lower channel boundary, particularly around the $1.9 level. Such a retest could serve as a liquidity absorption phase before a potential breakout above the upper channel boundary.
🚀 Key Levels to Watch:
Upper Channel Boundary: The upper channel boundary serves as a key level for a potential breakout. A decisive move above this level could signal a bullish continuation.
$1.9 Support Level: The $1.9 level is identified as the potential retest point for the lower channel boundary. Traders should monitor price action around this level for confirmation.
💡 Trading Strategy:
Traders observing DYDX may consider a strategic approach involving the potential retest of the lower channel boundary around $1.9. Confirmation of support at this level, followed by a breakout above the upper channel boundary, could present favorable conditions for bullish positions. Risk management strategies, including the use of stop-loss orders, are essential.
🔮 Future Outlook:
The technical analysis indicates the possibility of DYDX retesting the lower channel boundary around $1.9 before a potential breakout above the upper channel boundary. Traders should remain attentive to key levels and adapt their strategies based on real-time market dynamics. The cryptocurrency market's dynamic nature emphasizes the importance of flexibility and risk management in trading decisions.
DYDX is BullishDYDX is currently in a bullish trend, printing higher highs and higher lows. There are no signs of RSI divergence and hence according to Dow theory the trend is expected to continue further. Targets are mentioned on the chart.
DYDXUSDTDYDXUSDT is currently in a bullish trend.
Price is forming a bullish flag pattern, indicating a potential continuation of the uptrend.
The pair is finding support at the 50% Fibonacci retracement level, adding confluence to the bullish bias.
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DYDX Is Going Crazy Soon! DYDX Has Been inside a Trading Range For Almost 1.5 Years.
Based On Many Reasons, I Believe, DYDX Will Explode in The incoming Weeks.
1- Blue Lines indicate Bottom And Top Lines Of Trading Range. As You Can See, The Price Engulfed Completely The upper Line To The Upside, So The Major Sell Orders On This Level Filled in 2023.
After That, Price Went into the Fake-Out Phase, Which is indicated On The Chart Below, To Gather The Remaining Buy Orders. Always Remember The Market Movements Are Designed To Move Toward Levels That Have The Most Amount of Liquidity.
Next We Had The true Break-Out Phase, Which Happened in form Of a Huge Bull Flag. Do You See The Flag?
2- The Broken Upper Side Of The Trading Range Would Be Considered As The Support Zone, So The Market Gave Us The Best Opportunity To Enter This Asset, Did you Accept That? Did You Notice This Sweet PullBack?
3- Price Action constantly Made Higher Highs And Higher Lows in the Weekly Timeframe Since The Beginning Of 2023, Which Indicates a Huge Upside Move. It Touched An Important Order Block In The November 2023 Which Caused To Fill Major Sell Orders, So This Level Would Be Considered As a Weakened-Resistance-Level. I Expect DYDX To Shatter This Order block In The Coming Months.
4- The Main Resistance Detected! Just Watch-Out The Collision of The Static And the dynamic Resistances, This Zone Is The Major Resistance, So Once This Zone Breaks, The Sky Would Be Limit!
5- In The weekly I Think This Reaction To The Broken Cloud Is A MasterPiece! The Upper Border Of The cloud Just Supported The Price So Sweet, And The Lagging Span Is Going To Break Through The Cloud Soon. Once It Happens, DYDX Is Going Crazy In The weekly!
6- If You Can't See That Huge Monthly FVG, Go To The Optometrist immediately!
7- Based On The Fib Channel And Price Action Levels, The Targets Are Shown On The Chart Below.
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Dydx short!The price has reached a significant resistance level. I am planning to sell at this point and take profit below the low of the 4-hour timeframe. I will also consider taking partial profit at the greed box.
