Get started

DYDX / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

DYDXUSDT trade ideas

DYDXUSDT 4H - BUY ZONE CAUTIONDYDXUSDT 4H - BUY ZONE CAUTION DYDX is in a complex area that must be resolved soon: LOWS at 0.80 that have built a SUPPORT ZONE. DECLINING DYNAMIC RESISTANCES with decreasing Highs. In these situations only 2 things can happen: 1. We break the resistance and begin to develop a bullish price structure WITH increasingly higher HIGHS and LOWS. 2. We fail to break the dynamic resistance and look for new lows below the SL. Below 0.80 we would be out of value until new buy signals. LEVELS: SL: 0.78 TP1: 1.228 TP2: 1.472 TP3·: 1.874 All these strategic alternatives can be configured with TradeX BoT, as it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Long
by DeuXfi
DreamAnalysis | DYDXUSDT Breaking the Last Support ?👋 Welcome back to your favorite channel, DreamAnalysis! Today, we're diving deep into one of the major utility coins in the crypto space, DYDX, and evaluating its future potential. 🔍 What is dYdX? dYdX is a decentralized exchange (DEX) platform that specializes in advanced financial derivatives, margin trading, and spot trading. Built on Ethereum, it offers users the ability to trade perpetual contracts, engage in margin trading, and even participate in lending and borrowing. Unlike simpler DEXs, which only provide token swaps, dYdX offers more complex services in the decentralized finance (DeFi) space. 📊 Weekly Timeframe Analysis: In the weekly timeframe, DYDX has reached its final major support level, and if this level is lost, we could witness a significant drop. If you're holding this coin, I recommend exiting your positions below this key support of 0.8396. The current weekly candle is an engulfing candle, indicating strong selling pressure. It has engulfed several prior candles, suppressing buyers, and comes with significant selling volume. I wouldn’t consider buying this coin again until it breaks the daily resistance at 1.1266. Right now, I’m focusing on other projects with more bullish potential. 📈 Daily Timeframe Analysis: On the daily timeframe, we are also testing the last significant support. According to Dow Theory, the fact that we have set a lower high indicates increasing selling pressure. Given that this is the final support level, we can calculate potential downside targets using Fibonacci retracement. If DYDX breaks the 0.8396 support, the next targets are: 0.6726 , 0.5609 ⏳ 4-Hour Timeframe Analysis In the 4-hour timeframe, the dominance of sellers is obvious, as shown by the large red candles and the failure to reach the 1.2269 resistance level, followed by a sharp drop to the current key support. 📉 Short Position: Before opening a short position, it’s better to wait for a minor pullback and a lower high to set a better stop-loss point. However, if 0.8261 is broken, I’ll consider opening a short position. 📈 Long Position: At the moment, there are better coins to consider for long positions, such as SUI and FTM. DYDX is not currently in my long position strategy. 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze. 📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
Short
by DreamAnalysis
3
DYDXUSDT.1DIn my latest review of the DYDX/USDT daily chart, I observe that DYDX has experienced a notable downtrend that began to reverse recently. The price seems to have formed a baseline support at S2 ($0.8160), where a significant bounce occurred, indicating a potential reversal or stabilization zone. Currently, the price has breached a descending trendline, suggesting an end to the previous bearish trend. This breach is critical as it could signify a shift in market sentiment from bearish to bullish. The resistance levels at R1 ($1.2354) and R2 ($1.4895) are key points I am monitoring. If DYDX's price can sustain above R1, it would further confirm the bullish momentum, potentially leading to a test of R2. My technical indicators, including the Stochastic RSI and MACD, support a bullish outlook. The Stochastic RSI is moving towards an overbought condition, which usually warns of a potential retracement or consolidation phase, but in the context of a trend reversal, it might also imply strengthening momentum. The MACD histogram shows increasing bullish momentum as the bars progress above the baseline, confirming the increased buying interest. Given this setup, my trading strategy is to look for buying opportunities on minor pullbacks towards the newly established support at the broken trendline or at S1 ($1.2354), assuming it converts to support in the near term. My objective will be to capitalize on the upward movement towards R2, while setting a stop-loss just below the recent lows around S2 to manage risk effectively.
Long
by MarsSignals
DYDX LongThe price is currently trading just below its All-Time Low (ATL), which may signal a potential deviation or fake breakdown. This kind of price action can sometimes lead to a recovery if the breakdown does not continue, but it also indicates the possibility that weak hands are selling, potentially driven by fear of further downside. There are two clear take-profit (TP) levels shown: - TP1 is around 4.500 USDT. - TP2 is near 7.500 USDT. If the deviation proves to be a fake-out and buyers step in, a relief rally could target these key resistance areas. However, as long as the price remains below the ATL, bearish sentiment prevails, and further downside could be expected if sellers continue to dominate.
Long
by SerenityEquity
17
DYDX: Bearish Structure at Critical JunctureThe bearish structure for DYDX continues as price spikes down from a strong triple bottom. The current weekly candle's close will be crucial: Close below established bottom: Signals strong downward continuation Close above: Potential for significant bullish reversal Patience is key. Wait for candle close before making decisions. Chart shows both downside target and possible upside path. Like if you find this analysis helpful. Trade safely!
by weslad
8
DYDX Breaking out 4H1. Falling Channel Pattern: The chart shows a falling channel, which is characterized by a series of lower highs and lower lows. This pattern is often seen as a bullish reversal setup when the price breaks out to the upside. The price has broken above the upper boundary of the channel, signaling a potential bullish breakout. 2. Breakout Confirmation: The breakout is marked clearly near 0.997 USDT, where the price is currently attempting to hold above the resistance level of the channel. If the price holds above this level, it could trigger a strong upward movement towards higher resistance levels. 3. Key Levels: Resistance: The immediate resistance level after the breakout appears to be 1.200 USDT, followed by a more significant resistance level at 1.240 USDT. These are likely profit-taking zones or areas where the price could face selling pressure. Support: The breakout level of 0.997 USDT should now act as support. If the price fails to hold above this level, the breakout could fail, leading to a possible retest of the lower channel. 4. Momentum Indicator: The momentum indicator (likely MACD or a histogram) at the bottom shows a bullish crossover with the green bars starting to build up. This supports the strength of the breakout and indicates growing buying pressure. 5. Target Areas: If the price continues to move upward after the breakout, the next target would likely be the 1.200 to 1.240 USDT range. This aligns with previous highs and could serve as a strong resistance zone. The measured move for the breakout could also project a move toward the top of the channel, which is aligned with the 1.200 USDT target zone. 6. Trade Setup: For a long position, entering at the breakout level (0.997 USDT) with a stop loss below the breakout zone (around 0.950 USDT) could be a good strategy. Profit targets: First target around 1.200 USDT, and then if the momentum remains strong, the next target would be 1.240 USDT. Conclusion: The chart signals a bullish breakout from a falling channel, and the momentum indicator supports the move. As long as the price holds above the breakout level at 0.997 USDT, the next targets would likely be 1.200 to 1.240 USDT. Keep an eye on price action near these resistance levels to determine whether the breakout will lead to further upside.
Long
by Aluucard
DYDXUSDT.1DUpon analyzing the DYDX/USDT daily chart, here’s my technical perspective and trading strategy: Overview of Price Movement: The chart displays a downtrend highlighted by lower highs, which indicates selling pressure over the time period covered. The recent formation around the $0.816 support level (S1) suggests a potential area of interest for buyers and sellers alike. Resistance and Support Levels: Resistance levels are marked at $1.269 (R1) and $1.490 (R2). These levels have acted as significant barriers in the past, halting previous rallies. The support level at $0.816 is currently being tested. A break below this could see further decline towards lower, uncharted levels. Technical Indicators: The MACD is currently flat below the zero line, which typically indicates weak momentum. However, the lack of divergence from the signal line suggests that the selling pressure may be stabilizing. The RSI is at 35.74, nearing oversold conditions. This could imply potential for a reversal or at least a stabilization in price if buyers begin to see value. Trading Strategy: Given the current test of the $0.816 support level, my immediate strategy is to monitor this key level closely for any signs of a strong rebound or further breakdown. A convincing bounce off this support with increased volume could indicate a short-term buying opportunity, aiming for R1 at $1.269 as a primary target. Conversely, a break below $0.816 with significant volume might lead me to consider a short position, or wait for stabilization at lower levels before reassessing entry points. Risk Management: Setting a tight stop-loss just below $0.816 would be critical if opting for a long position, to protect against unexpected further declines. In the case of a short position, a stop-loss just above $0.816 after the breakdown confirms would be prudent to limit potential losses should the market reverse suddenly. In conclusion, my approach focuses on reactive trading based on the price action at the key $0.816 level. Observing volume and candlestick patterns around this area will be crucial in determining the market’s next move. I'll remain flexible, ready to adapt to new information and market conditions to optimize trading outcomes.
Long
by MarsSignals
1