📈 DYDX About To Start a New Bull RallyDYDX Price Sitting Above The Important Support And I Expect a Strong Bull rally To The 4$ And 5.3$ In Near Future As a Short Term Targets
DYDXUSDT trade ideas
Bounce from Daily Range 50%Price bouncing on volume from 50% daily range with indicators oversold and curling. At H1, second run of range lows and immediate bounce to get back into range.
Entry: 3.000
Targets: 3.63, 4.2 will get out if price starts making LL and LH
Stop: 2.7 or if price starts accepting below H1 range
DYDX do it? DYDX LONGThis pattern happened a lot last 2 weeks, Specially with DeFi section, So let's see
BINANCE:DYDXUSDT
DyDx long - only up from here!?This ideas is about a potential 40% DyDx trade.
Bull market will place all decent Perp-DEX:s in the spot light. I think DyDx sell of is done and we will "only see" up up from here. When DyDx reclaim the 0.5 Fib-level at about 3.07, I think its a good time to enter for a long.
DyDx trading volume will increase to insane levels soon and so the price of the token...I think!
DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase.
This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
DYDXUSDT - BULLISH OUTLOOKDYDXUSDT is exhibiting a compelling technical setup based on a recent price action analysis. The 1-hour timeframe shows a bullish divergence on the RSI, indicating a potential reversal or continuation of the bullish momentum. Additionally, on the 4-hour timeframe, DYDXUSDT is in a bullish trend, marked by a series of higher highs and higher lows.
Here's a summary of the potential trading opportunity:
Entry: Consider entering a long position at $3.22.
Stop Loss (SL): Set the stop loss at $2.85 to manage potential downside risk.
Take-Profit Levels:
TP 1 @ 1:1 = $3.59.
TP 2 @ 1:2 = $3.96.
This trade plan is designed to capitalize on the observed bullish divergence and the established bullish trend on the 4-hour timeframe. Managing risk through a stop loss and considering multiple take-profit levels aligns with a prudent trading strategy. As with any trading approach, it's crucial to stay informed, monitor the trade closely, and adapt to evolving market conditions.
DYDX investing trade. Target +105%Hello, everyone!
What do you think of Bitcoin's crazy growth? Unfortunately, this is often followed by a sharp reversal. However, how can other cryptocurrencies react to this drop?
Let's take the example of #DYDX.
If we look at DYDX in a pair with BTC, the price has reached the bottom of the global consolidation:
The global chart shows that since September 2022, the 0.000058 range has been the main support for buyers.
There is a good chance that the start of a local drop in BTC or the stopping of the BTC price in consolidation will trigger the growth of altcoins. In this case, DYDX is a great investment option.
The price of DYDXUSDT has made a bright wave of growth with a final target of $4.4 and is now completing its correction.
DYDX buy zone for investment trading is $2.5-2.78
The critical point of this investment is $2.12 . Below this level, we will look for a way to buy DYDX and break even.
What do you think about altcoins and their chance for a good wave of growth? Write your thoughts in the comments!
DYDXUSDTBINANCE:DYDXUSDT next move can start from here? we should wait and see
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
DYDX/USDT - dYdX: TD Sequential◳◱ On the $DYDX/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 3.537 | 3.731 | 4.176 and support near 3.092 | 2.841 | 2.396. Entering trades at 3.09 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: dYdX
▣ Rank: 102
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: dYdX is a decentralized exchange built on the Ethereum network delivering key financial instruments to users such as perpetuals, margin and spot trading, as well as lending and borrowing. dYdX equips traders with off-chain order books with on-chain settlement and enables them to short-sell tokens, increase exposure by longing with leverage, or earn interest on deposited tokens to move quickly. dYdX leverages StarkWare's Layer 2 to eliminate the need to trust a centralized exchange while trading, and thus combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.
◰◲ Technical Metrics :
▣ Mrkt Price: 3.09 ₮
▣ 24HVol: 55,952,061.639 ₮
▣ 24H Chng: -4.275%
▣ 7-Days Chng: -3.92%
▣ 1-Month Chng: 30.06%
▣ 3-Months Chng: 50.31%
◲◰ Pivot Points - Levels :
◥ Resistance: 3.537 | 3.731 | 4.176
◢ Support: 3.092 | 2.841 | 2.396
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 3.25
▣ Last 90D: 2.11
▣ Last 1-Y: 1.07
▣ Last 3-Y: 0.05
◲◰ Volatility :
▣ Last 30D: 1.54
▣ Last 90D: 1.01
▣ Last 1-Y: 1.08
▣ Last 3-Y: 1.29
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.80 - V. Bullish
▣ In-depth DYDXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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DYDX Finally Breaks Free?
Technical Analysis of DYDX
RSI: If RSI can hold the support at 49.41, it could move back up to the top and break through it.
Target: The distance between the bottom and the top of the box is 224%. If this range is broken, DYDX could move up to the same amount.
Volume: The 2.241 range was broken with high volume, indicating the presence of buyers.
Analysis: DYDX moved up from the middle of the box with strength and high volume to its top, and once managed to break through this range. This shows that buyers have control of the market and there is a possibility of the box breaking completely.
DYDXUSDT LONGI think DYDXUSDT will continue upwards, after it broke and retested the red Trendline which is upper line of big downward Channel. IT will reach the Green Trendline where IT might get rejected but i think eventually will reach the yellow one from which it will pull back hard, where I will be taking short position.
Entry:3.436 (50X lev.)
TP1(50%): 3.6 ( 238% profit )
TP2(50%): 3.77 (486% profit)
New Bullish Move To The 4$👉 Currently The Price Breakout From The Trend Line And I Expect a New Bullish Move
📥 Targets Are 4$ And 5.3$
DYDX flight is not over yet!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Technical: prolonged growth has formed a structure with a downward movement and has broken through the local countertrend, there is the potential to reach an update high towards $3.9-4.
I do not rule out that there may soon be a squeeze movement down all alts, so be careful with your leverage! In theory, you can try to take 10-15% from here without leverage.
DYDX target 612 he time frame
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DYDX is creating a long-term bottom structure, and if we can mark three resistance zones through Fibonacci Extension, that are 4.8~5.1 / 5.6~6 / 6.95. Also, DYDX is breaking out a triangle structure in lower time frame, which allow us to set up a trading plan that risk to reward ratio is almos 9.
TP: 4.8~5.1 / 5.6~6 / 6.95
SL: 2.7
[DYDXUSDT.P] Long to Short IdeaThis idea uses supply and demand with harmonic pattern (butterfly) as confluence.
DYDXDYDX is a American decentralized exchange
Due to Binance exchange situation,I expect a good move for this gem
#DYDX
#DYDX
is poised to break out of its symmetrical triangle on the daily timeframe. If the breakout is successful, a move towards $5 is expected.
#DYDX/USDT#DYDX
The descending triangle was breached strongly and stabilized above the downtrend
After it was broken, supported by a strong rise in Bitcoin
The rise is expected to continue to the next resistance level at $3.17
Which represents 150% of the current price of $2.32
This trend is supported by the volume currently on the market
DYDXUSDT LONGI think DYDXUSDT will come down to the green trend line and reverse trend upwards to the upler green trendline basically staying in this big downwards channel.
Entry : 3.014
TP(100%): 3.23
Entry 2.: 3.13( After reaching TP)
TP(100%): 3.3
DYDX targetting $0.50 and below, watch out. EDIT: It is also Important to note, that over $9million was allocated a week ago for compensation for the November 17 liquidations incident.
Read here: forums.dydx.community
