Update DYDXThe general shape of this update gives me the possibility of forming a leading diagonal wave, which is wave A of a composite wave Y, and all the data is on the chart
Note: the analysis fails if the price closes in the highest area 2.31 usdt
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
DYDXUSDT trade ideas
DYDXUSDTBINANCE:DYDXUSDT LONG
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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DYDXUSDT - locally drew "head and shoulders"Hello everyone! Let's see DYDXUSDT today. For about a year and a half, the price has been in the range, but locally everything looks good, since the "head and shoulders" pattern appears on the chart. But the price may also be trampled at the resistance level of 2.2, and then, of course, I expect it at 2.65.
#DYDX/USDT - Long - Potential 41.06% Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_DYDX
Exchange: BINANCE
Timeframe: 3 DAY
TP1: 3.181
Entry: 2.223
STOP: 1.656
After a quick delay over the weekend the public testnet should be going live today (now) with more markets being added and reward tokens being earned through trading activity. Key features which should bring volume. The run up to the testnet pushed price over key moving averages 20, 50 and 200 and gave us a break on the RVD which is a signal we love on higher timeframes.
There has also been a delay on the unlocking of some vested tokens that were distributed to staff and investors. Thats been pushed back to December 1st so I'll exit the position late November if we haven't reached target (could also see a bit of a run up in price prior to help 'maximise' returns.
In terms of entryI'll take an initial holding now and look to DCA if we falter at the upper trendline pictured. In terms of exits use the Fib levels if you want to take profit incrementally.
Market has been flat so this could be a slow burn, Let me know what you think!
Dydx Still struggling DYDX/USDT
Timeframe: Daily
The price of DYDX is currently following a rising wedge pattern on the daily timeframe. I anticipate that the price might decrease by around 20-40% from this point. However, it's important to note that these are just my expectations, and we need to wait for confirmation before making any conclusions.
The initial sign to watch for is a rejection from the current level. If there's a rejection, our initial target will be the lower trendline of the wedge pattern. Furthermore, if the price breaks down below this pattern, it will provide even stronger confirmation that DYDX might encounter challenging times.
Please remember that this is just a suggestion. Before making any decisions, it's advisable to conduct your own research and analysis.
Best of luck,
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Wishing you successful trading.
DYDXUSDT is ready for the breakout?DYDXUSDT is currently testing the 0.618 Fibonacci level below the daily resistance. The 0.618 Fibonacci level is a crucial retracement level derived from the Fibonacci sequence and is often used in technical analysis to identify potential support and resistance levels. When the price approaches this level, it suggests that it might find support and witness a bounce from this area.
In addition, the price is trading inside an ascending channel, which is a bullish chart pattern characterized by two parallel trendlines, with the lower trendline acting as support and the upper trendline acting as resistance. This pattern indicates that the price has been consistently making higher lows and higher highs, further reinforcing the potential bullish outlook.
Furthermore, you mentioned that the price could attract new liquidity around the $1.9 price zone. A liquidity grab at this level might occur due to various factors, including historical price significance and the intersection with technical levels, drawing the attention of buyers to the market.
According to Plancton's Rules, a new long position is suggested in this scenario. A long position involves buying the asset with the expectation that its price will rise. By following Plancton's Rules, traders aim to take advantage of the potential bullish momentum indicated by the ascending channel and the proximity of the price to the 0.618 Fibonacci level.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
DYDX Daily Update ( Bullish Scenario )As previously mentioned, the long-term conditions for DYDX appear favorable for potential growth, and it is currently transitioning from a downtrend to an uptrend on the daily timeframe. If the $2.15 area is broken and sustained, it could experience the indicated growth. Keep an eye on it.
DYDX/USDT Bullish Momentum?? 💎🚀 DYDX Today Analysis💎 Currently, DYDX is navigating within a descending channel pattern and is making an attempt to breach the supply zone. If it struggles to surpass this zone, we might see DYDX retreat to the demand area between 1.63 - 1.74, aiming to tap into the order block situated there. This could set the stage for a potential rebound and a subsequent upward trajectory.
💎However, if DYDX manages to break through the supply zone promptly, it's a positive indicator. Yet, for a confirmed bullish momentum, DYDX needs to shatter the resistance trendline of the descending channel. Achieving this could pave the way for a spirited rally, targeting the 2.755 - 3.15 range.
💎Conversely, should DYDX falter within the 1.63 - 1.74 demand zone or even dip below it, it suggests the possibility of a deeper decline, crafting a new lower low.
Paradisers, stay vigilant and monitor these potential shifts! 🌴
DYDX ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ICP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You