DYDX TO $5.7On DYDX we get a rising channel that is gradually pushing price up to the $5.7 zone(where is a 0.51 fib zone and an order block area) We get a push to that area before the dropLongby FUDFX1011
DYDX Possible Long setupI drawed a possible scenario for DYDX. Setup is not confirmed yet. We need to flip rectangle area into support before. Opening a trade now could be risky, but ideal stop is below local bottom. Better setup would be to wait the break of the market area and wait for a retrace.by SaliJournal1
DYDXUSDT is in Bullish TrendDYDXUSDT is in a strong bullish trend and is expected to print new higher high in coming days. Targets are mentioned in the chart. Longby Fahad-Rafique2
dYdX token sell off preasure and short trade📊 Bazistrades|Trades|DeFi|FinTech| 🔲 Summary The controversy surrounding the dYdX tokenomics and staking rewards just before a significant raises concerns within the crypto community, as critics argue that staking appears favorable to insiders, potentially leading to a substantial sell-off and price pressure. According to TokenUnlock, on December 1, the unlocking of dYdX tokens will increase their circulating supply by almost 80%, from 190 million to 340 million 🔲 Survey As the mainnet of dYdX's first layer launches, offering staking rewards, disputes arise over the timeframe of the staking rewards set just weeks before a significant token unlock. It's worth noting that the unlocking of 150 million DYDX tokens in December 2023 will double the circulating supply and may lead to substantial selling pressure from investors. The to introduce staking rewards right before a major token unlock raises questions in the crypto community, with concerns that dYdX staking might be overly advantageous for insiders. Additionally, tokens owned by dYdX insiders can participate in staking and receive rewards. Detailed analysis of DYDX holders, including insiders, market makers is provided by Data Nerd on X dYdX founder Antonio Juliano on X that staking rewards will be paid in "hard currency – US dollars." Dennis Liu, a well-known crypto venture investor and YouTuber, emphasized that the dYdX token unlock schedule has always been public, and the tokenomics remained unchanged. However, he noted that dYdX has been less transparent regarding the ability of insiders and investors to stake their portion of locked tokens. In response to criticism of the dYdX staking activation, Juliano highlighted that the team has been in existence for "6.5 years." 💬"We are not leaving the project; we are building something greater. And we will work to earn your trust over time," Juliano wrote. The price of the dYdX token increased by 35% during the week of the beta mainnet launch. However, the token unlock increases the supply, often leading to selling pressure and price declines. According to TokenUnlock, the unlocking of dYdX tokens on December 1 will almost double their circulating supply, from 190 million to 340 million. 🔲 Trade Setup Given the concerns and the potential impact of the token unlock on the price of dYdX tokens, I am inclined to open a short position. I will start accumulating a short position within the range of $3.963 - $4.520, considering the possible selling pressure. The decision to introduce staking rewards just before a major token unlock, coupled with concerns about transparency, raises red flags 🚩🚩🚩 📊 This strategy is based on the assumption that the market will react to the substantial increase in circulating supply, creating a selling opportunity for short-term gains. Estimation of Expected Profit: Entry Range: $3.963 - $4.520 Exit Price: $2.568 Expected Profit = 43.10% Please note that trading involves risks, and market conditions can change rapidly. It's essential to stay updated on the situation and adjust the strategy accordingly. Shortby ZBroz5
📈 DYDX: Breaking the Charts with Precision! 💹 DYDX has emerged as a star player in the crypto charts, showcasing a compelling technical setup that has traders buzzing with excitement. The recent surge in price is not just a random move; it's a result of a clear breakout coupled with a meticulous retest of a significant accumulation zone. Let's dive into why DYDX is currently trading around the $4 mark. Chart Analysis: DYDX's Technical Brilliance DYDX's chart tells a tale of technical brilliance, featuring a decisive breakout and subsequent retest. The coin surged with purpose, breaking out from a well-defined accumulation pattern that took the form of a symmetrical triangle. Such patterns often signify a period of consolidation before a powerful move, and DYDX did not disappoint. Technical Indicators: The Precision of the Breakout The precision of DYDX's breakout is evident not only in the strength of the move itself but also in the subsequent retest. The price action confirms a clean and well-executed escape from the accumulation zone, showcasing the market's confidence in DYDX's upward trajectory. Trading Strategy: Navigating DYDX's Momentum For traders eyeing DYDX, the breakout and retest present a prime opportunity for strategic entries. Monitoring the coin's momentum and confirming the sustainability of the upward move will be crucial. A well-crafted trading strategy, considering these technical nuances, could position traders favorably in DYDX's promising journey. Conclusion: DYDX's Charting Triumph DYDX's recent price surge is more than a mere spike; it's a triumph in charting precision. The breakout from the symmetrical triangle, followed by a calculated retest, speaks volumes about the coin's technical strength. As DYDX continues to chart its course, traders are poised to ride the momentum of this well-executed move. 🚀 DYDX Analysis | 📊 Technical Breakouts | 💡 Trading Precision Are you diving into DYDX's charting triumph? Share your insights, strategies💚🌐💚 ❗See related ideas below❗Longby Yaroslav_Krasko4
DYDXUSDT(dYdX) Daily tf Range Updated till 15-11-23DYDXUSDT(dYdX) Daily timeframe range. another impressive pump here. stopped close to 4.443 , some positions from recent low right up here. if it gets clear than way open for next range level.by cryptoforever10
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 -- $5.500 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #DYDX #Cryptocurrency #Breakout #DYORLongby ZEUS_Market_Alerts4
DYDX INCREASE VOLUMEThank you for reading this update. Depending on our study we see that DYDX has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. #NottradingadviceLongby SatochiTraderUpdated 2
DYDXUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. SUPPLY AND DEMAND TRADING!.. just a trade idea, not financial adviseLongby Rising33BUpdated 111
DYDX long accumulation about to end ?DYDX / USDT since start of 2023 and iam making bullish ideas about this coin I still hold it since my first analysis/setup in 1.3$ Looking at this chart always give me good expectations from what can happen if it exit that long accumulation range and real bullrun started Longby BabenskiUpdated 5547
Bearish Market Structure for $DYDX Following the market structure, DYDX is in its corrective wave 🌊 and it's Bearish until we reach our targets Shortby Mails_081
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. Longby DEXWireNews1
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 @ $5 1-week BTC pair on golden pocket following breakout Longby without_worriesUpdated 484855
dydxThe first important resistance area that can be seen is marked in the red lines. If it is supported in the box or green line, it will react to the above area again, otherwise it should be checked again.by hosseinghaffari675
DYDXThe swing of the last wave is currently bullish. Important supports areas can be examinedLongby ehsan_karbin12
Dydx buy now 💲💲💲💲💲Swing trading not futur just spot ,manage your capital and take profit after 50% up .Longby medcrypto-analy5
DYDXUSDTDYDX in long accumulation and break out will happen soon . target near to 200% in long term. Be safe MafiozLongby Crypto-MafiozUpdated 8
#LQR #TOBTC #DydxFast Scalpe Buy for Dydx is Around 2.963 , its good spot thought alwyas DYOR !!Longby tobtctrading0
DYDXUSDTTRADE ALERT!DYDX Ticker: DYDX/USDT Entry: 3.1-3.2 Take Profit: 3.8-3.4 Stop Loss:2.639(Daily Close Below this) Risk to reward: 1:2 Technical Thesis:DYDX one the verge of breakout.Daily and weekly candle above 3$ is bullish for DYDX.Longby HUMCRYPTOCLUB1
DYDXUSDT 3D#DYDX accumulated for a long time. Its time for breakout? Mid term and long term targets are on my chart.by Bithereum_io46
DYDX has a bullish signal! 🎗#DYDX/USDT 🎗 LONG Leverage: (10.0X) Entry Targets: 1) 3.15 2) 3.00 Take Profit Targets: 1) 3.38 2) 3.57 3) 3.78 4) 4.00 5) 4.20 6) 4.40 7) 4.57 8) 4.73 Stop Targets: 1) 2.04 🟡Chart is speaking it self! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck 🔴This is only an idea and not a financial advise ( NFA )🔴 Longby Break-Points6
Analysis of DYDX CoinIf the spot entry zone mentioned in the analysis is reached, you can make a purchase. If it reaches the 2.028$ level, you can add more. The target for the uptrend is the 2.96$ level. If the area where we will add is reached, our stop level will be 1.80$. We will stop if it closes below 1.80 dollars. NFA.Longby wagmitradersUpdated 13