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DYDXUSDT trade ideas

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.
by CryptoLion247
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.
Long
by DEXWireNews
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.
by MyCryptoParadise
DYDX - Make or breakI've been suggesting further upside on BYBIT:DYDXUSDT.P and for alts in general for a long time, but dydx has been one of assets I traded best, feel free to check the charts below for how HTF ideas played out since march/january. At the moment it's approaching to a big resistance area I highlighted before and already looks like a deviation of the range (at least at the time of this analysis) even before clearing some of those OBs. It still makes more sense to me for another push up into 2.59-2.78 before a 20-30% pullback. Unlike almost every market participant right now, some charts (including dydx) makes me think it may not be a good idea to buy those pullbacks - but the analysis has been spot on so far, so if it looks ready for a bounce, I'll take that long.
Long
by cryptokebab
DYDX/USDT Data Check from Oct/23 - Nov/01Overall, DYDX is tryinng to break through its nearest resistance at 2.09x to 2.11x zone and seems succesfully retest at 2.04x zone. If nothing changes it we move forward when its have enough momentum. On week TF its still in bearish channel. So the best thing I am looking forward is DYDX will fake out at this time and continue to keep it bearish. On h4 TF, its successfully brak the channel and moving to retest nearest resistance zone. So it can be keep increase in about 2 -> 4 days! one thing to make me doubt about this is this is totally matched to BTC data, he will reveal his true trend on about 3 -> 8 days and the I am significantly feeling that it can be crushing down any time when reach to 31k8xx zone. So stay focus and careful with your long positions. I was pre-warning about this alt wave and keep watching the market on next 3 -> 8 days. stay safe and stay gold!
Long
by LuTheProphecy
Dydx main targetsBINANCE:DYDXUSDT Visualisation for DYDX potential targets before or after unlocks in December Possible Targets and explanation idea ➡️Over 500 days in -0.27 accumulation zone. ➡️Based on ADZ indicator whales mostly accumulated in red zone ➡️Only 1 M gap will be like a trigger for algorithm deliver the price to this target ➡️Before 15% unlocks in December we can see hype around DYDX chain ➡️Testnet will end soon and its will be also trigger for uptrend ➡️2B market cap with current supply more than real, 17$ main target Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
2
DYDXUSDT IdeaBINANCE:DYDXUSDT ⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
Long
by Arash-RK
DYDX Analysis: What's Ahead for DYDX after a Crucial Price Surge💎 DYDX is experiencing a significant uptick in price and has successfully breached the MA 200, consistent with previous anticipations. 💎At the moment, DYDX is advancing towards the resistance found at its former high. A definitive breakthrough above this resistance would confirm the potential for the continuation of the bullish trend. The RSI is currently in the overbought zone, indicating there is still room for more upward progression. 💎Even with a bullish stance, anticipating a period of corrective consolidation in the near term would be reasonable for DYDX. 💎The pivotal resistance to monitor is located in the $2.3 area. Stay alert to the evolving market dynamics and remain updated!
Long
by MyCryptoParadise_Simon
1