DYDXUSDT trade ideas
Good time to buy DYDX. Why?You know how all the assets are out from centralized exchanges to decentralized exchanges like Uniswap, DYDX, and etc.
On the daily chart of DYDX, it broke the longterm downward trendline, faked & rebounded.
It faced a short-term downward trendline, and seems to be breaking. (There was a minor retest in smaller timeframe afterwards)
MACD is gonna light up green
Wavetrend is green
RSI is gonna cross the signal line at 50 (which is the strong signal line)
So, I think this is a good time to buy DYDX, and I did.
This is not a financial advise, and you should do your own research & study.
P.S.
UNIUSDT, DYDXUSDT, GMXUSDT should be on your watchlist.
DYDX scalp longPrice had a very big impulse and it has retraced back to the GP. Currently Changed the MS on 4H. Weekly level and GP are very good confluence according to my statics so I am trying to catch a scalp long on the pullback to 0.5 / 0.618 local fib retracement. stop below the low and target the last swing high. apply risk management always and don't over-leverage.
💡HOW TO OPERATE LATERALITIES WITH THE VOLUME PROFILE💡HI Guys, I will bring here an example of operation, follow the thread
On that day, I observed prices trading in a strong resistance zone and close to the 200 descending EMA, so I looked for sales with targets in the support zones.
I ended up taking my first take at $1.85 and I went with the targets plotted on the screen as an objective.
Yesterday the price was struggling to close the bar above the POC, so I saw context for more selling.
See that we have a double top in the POC zone combined with the fibonacci range
So I believe in the bottom of laterality test
This is a little bit of how I use the VOLUME PROFILE
In this case, I am expecting a consolidation operation, so the target zone is usually the central part of the entire trading range, for those who use the VP, they can also use the POC (The POC is basically the zone where most price trading takes place in active)
Important points: always on a trading range you will trade against breakouts, because 80% of the time they will fail.
Whenever you observe a consolidation mainly in the form of a wide range, use the Volume Profile to make it easier to read, and look for sales with signal bars, confirmation or any SetUp that you use above VAH, and purchases below VAL
This update was one of the last of the Volume Profile here on TV
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Dydx exchange token Again, just theowing it out there that channels are found all across the markets and i find them intriguing. Tough to trade but possibly uselful for any positive edge if justified. This channel is super leading and if it plays out, it'd be a good one to keep an eye on. No TA here , just looking at psychology and human nature traits
DYDXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for DYDXUSDT
R1 on the top is a resistance area and represents the disability of the price to rise at some points. S1 used to be a long-term resistance line. R1 used to be a support area and S2 is our support line in this chart. Hence, we have the price fluctuating over S1 after breaking it upward the mentioned line and we believe it will continue its fluctuation for a while over here and by giving us some rising signs, we would have a prediction of an increase toward R1 or higher. But in case it loses the support at any point, a decline is waiting for the price. Be attentive to everything in the analyses.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck