DYDXUSDT trade ideas
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.
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 @ $5
1-week BTC pair on golden pocket following breakout
dydxThe first important resistance area that can be seen is marked in the red lines. If it is supported in the box or green line, it will react to the above area again, otherwise it should be checked again.
Dydx buy now 💲💲💲💲💲Swing trading not futur just spot ,manage your capital and take profit after 50% up .
DYDXUSDTDYDX in long accumulation and break out will happen soon .
target near to 200% in long term.
Be safe
Mafioz
DYDXUSDTTRADE ALERT!DYDX
Ticker: DYDX/USDT
Entry: 3.1-3.2
Take Profit: 3.8-3.4
Stop Loss:2.639(Daily Close Below this)
Risk to reward: 1:2
Technical Thesis:DYDX one the verge of breakout.Daily and weekly candle above 3$ is bullish for DYDX.
DYDXUSDT 3D#DYDX accumulated for a long time. Its time for breakout? Mid term and long term targets are on my chart.
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!
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Thank you for seeing idea .
Have a nice day and Good luck
🔴This is only an idea and not a financial advise ( NFA )🔴
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.
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.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.
like❤️ and follow
Check the links and get a BONUS🎁 from me👇
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
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.
