SELL dydx SELL - SHORT
DYDX/USDT
🔰Entery: = 2.200 - 2.105
❇️Targets
1️⃣2.078
2️⃣2.020
3️⃣1.955
4️⃣1.893
5️⃣1.788
6️⃣1.683
🧯Stoploss : 2.235
DYDXUSDT trade ideas
DYDXUSDT.1DBased on the provided market data for DYDX, the currency is currently trading at a price of 2.692 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 64.92, 73.96 and 62.9 respectively. The RSI for 1 day is above 70, which is generally considered overbought, indicating that a price correction might be due.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 0.051, 0.124 and 0.030 respectively. The MACD being above zero indicates the short-term average is above the long-term average, suggesting upward momentum.
The Bollinger Band (Bb) for 4 hours, 1 day and 7 days are 2.685, 2.674 and 2.630 respectively. The current price is above the 4-hour and 1-day Bollinger Bands, suggesting the currency is trading at a relatively high level.
The support levels for 4 hours are 2.494, 2.346 and 2.179, and resistance levels are 2.744, 2.986 and 3.061. For 1 day, support levels are 2.289, 2.074 and 1.900, and resistance levels are 2.790, 3.190 and 3.339. For 7 days, support levels are 2.098, 1.787 and 1.363, and resistance levels are 3.121, 3.645 and 4.290.
In my opinion, DYDX is currently in a strong upward momentum as indicated by the RSI and MACD. However, the overbought RSI for 1 day suggests there might be a price correction in the short term. The currency might test the resistance levels in the coming days, but if it fails to break through, it might retrace back towards the support levels. As always, it's advised to consider other market factors and your risk tolerance before making investment decisions.
dydxhello everyone hope you are doing great as we know bitcoin just above 35k right now we are looking for some strong coins in altcoins dydx is low cap right now no more coin supplay is there so i will recommend you to buy dydx in 2 parts
🔥dYdX is $300M Cap Altcoin That Can Turn to $1B In a 1 MonthdYdX is a DEX (decentralized exchange) which related to Binance. It doesn't grow to much such as Solana, Link and other "old" altcoins, so it means that dYdX has a great potential to grow.
Its cap ($300M) is to low for such type of project and bull market will show it!
The middle and bottom of the channel is a areas where you should consider long or spot purcahses. Also squeeze and trendline breakout will confirm the power of bulls.
The closest targets is a top of the channel, $4 and $7 key levels.
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Pull back to Fair Value Gap and Support ZoneOn 1H TF
DYDX has broken out Resistance by Descending Trend Line and now it's pulling back to retest.
I figured out the Fair Value Gap around 2.335 if it bounce back after hit this zone can join next bullish trend with invalidation level (stop loss) below 2.275
Wait for next move
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
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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.
