🚧DYDX will Go Up Again🚧 Road Map(1-W)🗺️!!!DYDXUSDT was in the ascending phase by the ascending triangle and cup and handle.
DYDXUSDT is in a large ascending triangle on the weekly time frame and also on C&H if it follows these patterns, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
❗ Note that if the triangle or cup and handle is broken down with the power of descending candles, our analysis will fail.
🤑 Stay great my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
DYDXUSDT trade ideas
"CFX/USDT Long Setup: Bullish Breakout from Falling Wedge PatterTrade Setup for #DYDX/USDT: Long Position
Analysis:
DYDX has broken out of a falling wedge pattern, indicating a potential upward trend.
The current price (CMP) serves as the entry point.
The breakout is being retested, suggesting a potential confirmation of the bullish move.
Entry Point: Current Market Price (CMP)
Additional Positions: Consider adding more if the price drops to $2.870
Targets:
$3.4
$3.9
$4.35
$5.2
$5,8
Stop Loss (SL):
Set the Stop Loss at $2.825 to limit potential losses.
Leverage:
Use leverage cautiously: 5x to 10x.
DYOR
DYDXUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
2 possible options:
growth from current price or through one more decline in zone 2.4 - 2.2
Main target zone: 4.6 - 5$
Stop: (depending of ur risk). ALWAYS follow ur RM.
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
DYDX After Successfull Last Trades We Try Again **dYdX (ETHDYDX) Fundamentals**
dYdX is a decentralized cryptocurrency exchange (DEX) that enables users to trade perpetual contracts, a type of derivative that tracks the price of an underlying asset. The exchange is built on Ethereum Layer 2, which allows it to offer lower transaction fees and faster execution than traditional DEXs. dYdX also has a governance token called CRYPTOCAP:DYDX , which is used to vote on protocol proposals and earn trading fees.
**Recent News**
* dYdX launched its dYdX Chain, a Layer 1 blockchain network, in March 2023.
* dYdX has been expanding its product offerings, adding support for new markets and features.
* The exchange has also been growing its user base and trading volume.
**Disclaimer**
Please note that I am not a financial advisor and this information is not intended to be financial advice. Cryptocurrency investing is a risky investment and there is no guarantee that you will make money. You should do your own research before investing in any cryptocurrency.
DYDX Finished Phase D of a Wyckoff Accumulation SchematicDYDX has been in Accumulation since May 2022. The accumulation range-low is 1$, and the accumulation range-high is 2.88$
On November 6th, DYDX moved above the Accumulation range in a Sign of Strength. The price range and increased volume confirm this is genuinely a SoS.
Now, DYDX is a retesting the range high as support in what is called, in Wyckoff terminology, “Back Up the Edge of the Creek” or “Last Point of Support.” A successful retest will lead to the Markup phase.
The train is about to leave the station.
NFA.
What do you think? Please share in the comments.
DYDXDYDX is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 3.5 followed by 4.5.
What you guys think of this idea?