✴️ 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.
DYDXUSDT trade ideas
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.
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- 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.
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I will try to keep this idea updated as the chart develops.
Best of luck and let me know what you think!
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 !!!
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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.
✅TS ❕ DYDXUSD: uptrend✅✅ DYDX token keeps upward structure.
The asset has broken up a resistance level.
The chart will continue to rise. ✅
🚀 BUY scenario: long to 2.671 🚀
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Remember, there is no place for luck in trading - only strategy!
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DYDX USDTDYDX USDT buy long idea
confluence of AST + EWT
AST 55m, first penetration on RSI 30.
am expecting a reattempt, going to my grey fib level and form a BLD sequence that will push the price up.
EWT, the first penetration on RSI 30 indicates wave 3, currently on correctional wave 4, the reattempt on my grey fib level
will complete wave 5.
waiting for confirmation.
details on chart
DYDX UPDATE (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DYDX symbol.
For risk management, please don't forget stop loss and capital management
You can buy DYDX at this current price and consider a stop to stabilize 1 daily candle below the green range.
According to our observations, whales have recently stored and stored large amounts of DYDX
Comment if you have any questions
Thank You