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DYDX / TetherUS

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DYDXUSDT trade ideas

Dydxusdt Trading opportunityDYDXUSDT has recently exhibited a triple bottom pattern on the daily chart, with a price break above the neckline and a subsequent close back inside. This pattern indicates a potential bullish reversal for the coin, with the main pattern target remaining in the area of $6.93-$7.26. However, if the price fails to regain the resistance level of $2.717, the best buy zone may be the demand zone area. We should keep an eye on this level as a potential entry point with good bounce is expected. Furthermore, DYDXUSDT is currently trapped inside a bullish pennant, which should break upwards in a good bullish market. However, we should exercise caution in case it breaks down due to BTC weakness. As with all technical analysis patterns, it is a must to consider all factors before entering a position, including other technical indicators, fundamental factors, and market sentiment. While the triple bottom pattern suggests a potential bullish reversal, there are always risks and uncertainties involved in cryptocurrency trading. Do not forget to give your likes. Your likes is the fuel that keep me going. Thanks
Long
by weslad
9
✴️ dYdX Triple Bottom, Bullish Breakout (275% Potential)We will keep this one short as more information can be found in a previous trade idea. dYdX here is showing a triple bottom and now a bullish breakout. This weekly session is moving above a consolidation pattern which can lead to additional growth. I am seeing an easy target of 60% with a potential to hit 275% mid-term. Can be a bit lower but also a bit higher... Thank you for reading. I'll share additional charts with you all looking great. Namaste.
Long
by MasterAnanda
2
DYDX/USDT - bullish pennant with 2-3x potentialDYDX/USDT is showing a very promising bullish setup which will likely break out soon. In this setup we can see a bullish pennant which is shaped like an inverted head and shoulders pattern that's near completion, successful retests of the previous downtrends and price sitting above the previous 2.50 resistance. I really like the look of this setup and expect to see high double digit % returns and potentially even a 2-3x depending on the momentum of the breakout. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - Buy zone: current price range, anywhere near the tip of the pennant or if you prefer a safer approach buy the breakout - Targets are marked in the chart In case of a pattern failure look for support on the dashed trend lines for a potential re-entry. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ I will try to keep this idea updated as the chart develops. Best of luck and let me know what you think!
Long
by Wolfy_
DYDX/USDT is ready? Hey 👋 RSI has a nice crossover + EMAs have been broken and secured. Next thing here is we need to breakout from that triangle formation which could result the price to move to as high as $3.20. Waiting here !!! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
2
DYDXUSDT is in accumulation PhaseBINANCE:DYDXUSDT is creating an accumulation phase on the $2.5 area above the demand zone on $1.8. An accumulation phase is a period of time when the price of an asset moves sideways or consolidates within a range, typically after a significant price move or downtrend. During this phase, buyers and sellers are balancing their positions, and the market is forming a base of support for a potential future uptrend. Accumulation phases are often characterized by decreasing trading volume and volatility, and can last from several days to several weeks. According to Plancton's Rules, if the price of BINANCE:DYDXUSDT grabs new liquidity and breaks out below the $2.5 accumulation zone, it may suggest a bearish trend. Traders could consider entering a new short position with the expectation of a continued downtrend, with the potential next target being the $1.9 area.
by InkyGrip