DYDXUSDT trade ideas
Dydx 12H scalpingTake a look on this potential trade BINANCE:DYDXUSDT.P
Possible Targets and explanation idea
➡️12H chart. Black downtrend line and next move out of it with test of 12H IMB
➡️Reaction down retest this line above and continuation with long to main targets
➡️Swiped liquidity at 1.76 with Buy signal on Trade on Indicator
➡️Waiting reaction up with volume
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Dydx Equilibrium RetestBINANCE:DYDXUSDT
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Possible Targets and explanation idea
➡️Strong signal to sell on Direction D timeframe
➡️Goin to retest equilibrium of previews Range accumulation
➡️Equilibrium now on same level as 0.786 level
➡️After retest we might see one more rejection on main vol sellers zone
➡️Continuation to our global monthly FVG at 11$
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DYDX - Range deviationTechnically DYDX has been trading within this range for over two years now, so basically going sideways. But given the size of the range it still is very much tradeable if you know the key levels, which are obviously the range highs/lows and the mid-range levels.
Now DYDX has done these deviations before, as I have highlighted in the chart, this time it seems to have deviated the lows of the range for the first time. If this weekly candle closes green, there is a high chance we see a push towards 2$ coming weeks, as this would likely confirm a deviation (stop hunt).
I really don't know if this coin will ever start trending again but I don't think so. Anyway, still a decent long setup with defined risk-reward nonetheless.
Stay safe!
DYDXUSDT.1DAfter reviewing the DYDX/USDT daily chart, it becomes apparent that the asset has encountered a series of fluctuations, manifesting a pattern of peaks and troughs. Let’s delve into the details of the chart’s technical analysis:
Support and Resistance Levels:
Support Level 1 (S1) at $1.027. This level is crucial as it represents a point where the price has previously found buyers stepping in to prevent further declines.
Resistance Level 1 (R1) at $2.491, marking the highest point in the recent uptrend and likely to act as a significant barrier for any upward price movements.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) currently shows a negative divergence with the signal line under the histogram, suggesting bearish momentum. This is further emphasized by the MACD line’s position below zero, indicating that bearish trends could persist.
The RSI (Relative Strength Index) is hovering near the 50 mark, which typically suggests a neutral market condition. However, given the proximity to this level, it suggests that the market is balanced but with a slight tilt towards bearish sentiment.
Conclusion:
From my current analysis, DYDX/USDT appears to be in a precarious position with potential for both upward and downward movements. The pivotal support at $1.027 will be key; if this level holds, it could serve as a foundation for a rebound towards the resistance at $2.491. Conversely, a break below this support could lead to further declines, potentially testing lower levels not seen in the recent past. Given the bearish signals from the MACD, traders should proceed with caution and consider employing risk management strategies such as stop-loss orders to protect against unexpected downturns. Observing the RSI and waiting for a more definitive move out of the neutral territory could also provide better cues for directional trades. As always, staying attuned to broader market trends and news impacting DYDX will be essential in navigating these trades effectively.
THERE IS TRADE HERE! DYDXHello friends!
DYDX is clearly in a wedge on the 3h chart.
We note that after the recent push, the asset returned a 50% Fibonacci retracement.
So we have a purchase setup here.
Buy in the current range, between 1.20 - 1.15.
Stop: 1.00
Final target: 2.50
Exceptional risk-return ratio.
That's what I'm going to do. And it is not an investment recommendation.
Who will accompany me?
If you like this type of content, follow the trading view and leave your boost!
To the next!
Analyzing DYDX: Current Trends and Future Projections📅 Let's dive into today's analysis, focusing on the DYDX coin in the crypto market.
⌛️ Weekly Timeframe
In this timeframe, DYDX has experienced significant movements. Recently, it saw an upward trend reaching a peak at 24.295, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, DYDX is at a support level of 1.800 after a correction phase.
Key Levels:
Resistance: 6.861, 4.068
Support: 1.800, 1.178
📈 If DYDX stabilizes above 2.510, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 4.068. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if DYDX falls back into the range between 1.800 and 2.510, and stabilizes below 1.800, it indicates a bearish trend continuation. The next critical support level would be around 1.178.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
⌛️ Daily Timeframe
🔍 On the daily chart, DYDX ranged around the 1.450 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 1.286.
Key Levels:
Resistance: 1.450, 1.590
Support: 1.286, 1.175
🧲 Given the current setup, a stabilization below 1.286 could signal another bearish wave. On the flip side, if the price moves above 1.450, it could indicate the start of a bullish trend, targeting higher resistance levels.
⌛️ 4-Hour Timeframe
📈 In the 4-hour timeframe, DYDX has pulled back to the SMA99 and reached the resistance at 1.450. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
Key Levels:
Resistance: 1.450, 1.590
Support: 1.286, 1.175
💥 The RSI is currently ranging between 33.26 and 40.45 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
Conclusion
Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
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#DYDX/USDT#DYDX
Our price is moving in a bearish channel on a 12-hour frame, and it has been breached to the upside and is rising from the current levels.
We have a bounce from the lower border of the channel from the support area at 1.12
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up and supporting it
Entry price is 1.40
The first goal is 1.63
Second goal 1.93
Third goal 2.24
A great trade opportunity on DYDX#DYDX #Analysis
Description
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+ The price has hit a low point, and a rebound is anticipated.
+ This creates a promising trading opportunity, so I'm opening a small long position now.
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VectorAlgo Trade Details
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Entry Price: 1.467
Stop Loss: 1.076
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Target 1: 1.697
Target 2: 2.011
Target 3: 2.559
Target 4: 3.102
Target 5: 4.037
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Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
DYDXUSDTHello traders hope you are enjoying our Analysis.
Now we are here again with a new trading opportunity ,we will discuss today about DYDXUSDT
smart money concept analysis: Don't get caught in whale traps. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author
DYDX/USDT Technical Analysis in 3-Day Timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
DYDX demonstrates significant historical price movements with clear support and resistance levels. The price has experienced strong rallies from the support zone, suggesting potential for future upward moves.
The $1.005 has stood as a strong support for DYDX since June 2022. If the price follows the historical pattern, it might target the resistance at $5, aligning with a projected 384.86% increase.
Key Observations:
~ Strong Support/Entry Range: $1.005 to $1.173.
~ Resistance/Target: $5.
~ RSI: Oversold.
~ Invalidation point: Breakdown and close below $1.005 support.
DYOR, NFA.
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DYDXTrend and Key Levels
Daily Trend: The chart shows a downward trend line that has been guiding the price lower.
Support Levels:
1.275: Current support level.
1.194: Additional support.
1.190: Near the final support.
1.005: Final support level.
Resistance Levels:
1.600: Initial resistance level.
1.890: Secondary resistance.
2.200: Higher resistance.
2.420: Strong resistance level.
2.730: The final cycle resistance level.
Current Price Action
Current Price: The price is currently at 1.312, having bounced from the recent support level around 1.275.
Bullish Indication: The price has broken above the immediate resistance around 1.275, indicating a potential bullish reversal.
Volume: An increase in trading volume typically accompanies a significant price move, suggesting the possibility of sustained momentum.
Potential Scenarios
1. Bullish Scenario:
If the price continues to move up, it will likely face resistance at 1.600, 1.890, 2.200, 2.420, and ultimately 2.730.
Breaking through these levels will confirm a trend reversal and establish a new upward trend.
2. Bearish Scenario:
If the price fails to hold above the current support level of 1.275, it might retest the lower support levels at 1.194, 1.190, and 1.005.
A drop below these levels could signal a continuation of the downtrend.
DYDXaltcoin capitulation
77% down from local highs here
would be 90+% from 20$ per dydx last bullmarket cycle
still relatively bluechip tech here...
usage isnt as high as it could be but we're deep into alt winter here
largest liquidation event since FTX's collapse here
and alts were already very rekt tbh
btc and eth still macro high range comparibly...
DYDX Technical Analysis:
1. Price Action:
-The current price of DYDX is 1.229 USDT.
-Recent downtrend with significant selling pressure indicated by red candlesticks.
2. Important Levels:
-Buy Zone: Between approximately 1.090 and 1.230 USDT.
-Support Level: Strong support at 1.100 USDT.
-Resistance Levels: Significant resistance at around 3.500 and 4.000 USDT.
3. Chart Patterns and Indicators:
-"Order Block" (OB) area could act as support or resistance.
-Graphical representation (airplane symbol) suggests a bullish outlook towards 2025.
4. Potential Scenarios:
-Bullish Scenario: Price holds within the buy zone, bounces off 1.100 USDT, and targets higher resistance levels.
-Bearish Scenario: Price fails to hold 1.100 USDT support, leading to further declines.
Project Summary:
The DYDX token is part of the DYDX protocol, which is a decentralized exchange (DEX) for trading derivatives on the Ethereum blockchain. The project aims to offer a range of financial products such as perpetual contracts, margin trading, and spot trading without the need for a central intermediary. Key aspects of the DYDX project include:
1. Decentralization:
-Operates on smart contracts, ensuring trustless and transparent transactions.
-Users retain control of their funds, reducing the risk of centralized exchange hacks.
2. Advanced Trading Features:
-Supports margin and perpetual trading with up to 25x leverage.
-Offers sophisticated trading tools and a robust order book.
3. Liquidity and Growth:
-Significant liquidity provided by professional market makers.
-Continuous development and upgrades to the platform, including layer 2 scaling solutions to reduce gas fees and improve transaction speeds.
4. Governance:
-DYDX token holders can participate in governance decisions, influencing the future direction of the protocol.
-Governance proposals and voting mechanisms ensure community-driven development.
5. Security:
-Regular audits and a focus on security best practices to safeguard user assets.
-Implementation of insurance funds to cover unexpected losses.
Summary:
The DYDX project represents a strong contender in the decentralized finance (DeFi) space, offering advanced trading features and a decentralized approach to derivatives trading. The current technical analysis suggests a critical decision point for the DYDX/USDT pair within the buy zone, with potential for significant upward movement if support levels hold. Long-term investors and traders should closely monitor price action and project developments for informed decision-making.
DYDX on the Edge: Bearish Signals and Key Levels to Watch Introduction
This analysis focuses on DYDX across multiple time frames to identify potential trading opportunities. By examining the weekly, daily, and 4-hour charts, we aim to provide a comprehensive view of DYDX's current market dynamics and future price movements. Key technical patterns, indicators, and levels are highlighted to guide traders in making informed decisions.
Weekly Time Frame
After a sharp decline, DYDX has formed a rising wedge pattern during its retracement. With the activation of this pattern, we expect the price to drop to the lower boundary of the box at 1.126. The RSI entering the oversold zone could trigger significant selling pressure and result in a large bearish candlestick.
Daily Time Frame
A strong downtrend is evident on the daily chart. Following a downward leg and the formation of a redistribution box, the price has broken out of this box and has the potential to continue downward, mirroring the previous wave. The RSI re-entering the oversold zone may intensify fear and lead to the formation of substantial bearish candlesticks, targeting the 1.000 level. Given the psychological significance of this level and previous interactions, there is a strong potential for forming a significant Potential Reversal Zone (PRZ).
4-Hour Time Frame
Considering the bearish trend in the higher time frames, breaking the 1.331 trigger level in the 4-hour time frame provides a strong entry point for a short position. If the RSI breaks its trend line ahead of the price, an early short entry can be made in the lower time frames prior to the main trigger level.
In the specified 4-hour box, all highs are equal to or lower than previous highs, indicating low buying interest in this area. Buyers are likely targeting lower levels for entry.
📉 4-Hour Chart: View Chart
Conclusion
DYDX exhibits bearish signals across multiple time frames, suggesting potential further declines. Traders should watch for the key levels and patterns mentioned, particularly the 1.331 trigger level in the 4-hour chart for short entries. The psychological level of 1.000 on the daily chart presents a significant target, with the potential for forming a strong PRZ. Monitoring the RSI and other indicators will be crucial for timing entries and managing risk effectively.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions. 📢