Dydx #sell #bearish Dydx is currently trending bearishly. I will trade in the same direction, aiming to profit from lower lows. Shortby Ener-tradersUpdated 4
Technical Analysis of DYDXUSDTCurrent Situation: Current Price: $3.56 Recent Price Action: The price is retesting a resistance level. Existing Position: Current Position: Long (Buy) Reason for the Position: Previous analysis indicated a potential breakout, leading to the current buy position. Additional Buying Opportunity: New Buy Opportunity: The current retest of the resistance provides another buying opportunity. Trade Objectives: Take Profit (TP) 1: $3.72 Take Profit (TP) 2: $4.16 Reasoning: These levels align with the overall bullish trend, and breaking through the resistance may lead to further upward momentum. Risk Management: Stop Loss: $3.42 Risk/Reward Ratio: 1:4 (Risking 1 unit for a potential gain of 4 units). Strategy Recap: Strategy Confirmation: The current retest of the resistance supports our initial analysis, reinforcing the bullish outlook. Consistency in Targets: TP1 at $3.72 and TP2 at $4.16 remain consistent with our overall strategy. Cautionary Notes: Market Monitoring: Continue monitoring market conditions, news, and technical indicators for any signs of a reversal. Conclusion: With the price currently retesting the resistance, we maintain our existing buy position and consider this retest as an additional buying opportunity. The trade objectives remain unchanged with TP1 at $3.72 and TP2 at $4.16, while the stop loss is set at $3.42 to manage potential risks. The risk/reward ratio of 1:4 enhances the overall attractiveness of the trade. As always, stay vigilant and adapt the strategy based on evolving market conditions.Longby CRYPTO_SETUP10
#dydx-usdt#update previous analysis: A post-pattern is being formed. Wave C is starting, target 4.7 - 5.4 Longby mjavad6700668
DYDX 1WHello . If dydx can break the weekly midline time and its resistance, it can go up. My only doubt is that the crypto market will start correcting from here.by turkmamad820
dydxFrom a technical point of view, it is at a fake level and the opening orders have been removed. The targets are specificLongby Jupiteram4
DYDXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Price going by alternative option. Main target zone: 4.5 - 5$ Stop: under 2 (depending of ur risk). RR: 1 to 3 ALWAYS follow ur RM. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestionsLongby trytofeelpositiveUpdated 4440
DYDX On Fire: Don't Miss Out on This Buy Trade!"## dYdX Coin (DYDX) - Fundamentals, Recent News, and Disclaimer **Fundamentals:** * **dYdX** is a leading **Decentralized Finance (DeFi)** protocol for margin trading and perpetual contracts. * It operates on two primary tokens: * **dYdX (ethDYDX)**: An Ethereum-based governance token currently undergoing migration to the dYdX Chain. * **dYdX (Native)**: The native token of the dYdX Chain, used for gas fees and governance. * Key features: * **Low fees:** Compared to centralized exchanges, dYdX offers significantly lower trading fees. * **Deep liquidity:** Provides high liquidity for popular cryptocurrency pairs. * **Leverage:** Users can access up to 20x leverage on perpetual contracts. * **Governance:** Token holders can participate in protocol governance decisions. **Recent News:** * **dYdX Chain launched:** In February 2023, dYdX launched its own Layer 2 blockchain, the dYdX Chain, aiming to offer faster and cheaper transactions. * **Governance proposal:** A recent proposal aims to transition all governance and staking to the dYdX Chain, leaving ethDYDX primarily for historical purposes. * **Trading volume:** Trading volume on dYdX has seen significant fluctuations in recent months, though it remains a major DeFi platform. **Disclaimer:** * Cryptocurrency investing is highly volatile and speculative. This information is not financial advice, and you should always conduct your own research before making any investment decisions. * Past performance is not necessarily indicative of future results. * I am not responsible for any losses or damages incurred as a result of your investment decisions.Longby MoonTradingForecast3317
DYDX/USDT Analysis - DYDX/USDT Analysis - Long Position Introduction The DYDX/USDT trading pair presents an intriguing opportunity following a price correction, offering an attractive entry point at $3.195 USDT. This analysis aims to delve into the technical aspects supporting the decision to initiate a long position. Support and Resistance Levels The current price of $3.195 USDT aligns with a compelling level as it coincides with a former resistance that now has the potential to transform into a robust support. This region around $3.2 USDT has already proven its significance through successful tests in previous trades. Confirmation of Positive Trend A review of transaction history reveals a persistent positive trend in the DYDX/USDT market. Recent corrections have been followed by substantial rebounds, indicating continued investor confidence in this trading pair. Technical Analysis Technical indicators, including moving averages and oscillators, also confirm the bullish outlook. The presence of positive momentum reinforces the validity of the decision to buy at the current price level. Profit Target and Risk Management Considering the potential for a turnaround from the current level, a reasonable profit target could be established. Additionally, it is crucial to implement risk management strategies, such as stop-loss orders, to protect invested capital in the event of unexpected market movements. Conclusion In conclusion, the DYDX/USDT pair currently offers an enticing buying opportunity, supported by strong support levels, a positive trend, and favorable technical indicators. However, it is essential to remain vigilant and implement appropriate risk management to maximize the chances of success in this long position.Longby CRYPTO_SETUP8
DYDXUSDTsmart 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 authorLongby IQgroupsUpdated 2211
DYDX NEW UPDATEThis analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section The previous wave count of dydx and diametric was found to be correct, but the price did not reach the demand range of the previous analysis so that we entered the buy/long position. But now we have a good range to enter a buy/long position on the chart. It looks like the G wave that was our last diametrical wave is over and we have entered the rising C wave. Closing a daily candle below the invalidation level will violate the analysisLongby behdarkUpdated 2214
Destiny According to the drop that happened from the ceiling of $28 , And according to Fibonacci levels , And according to the departure from the triangle pattern , I imagine good growth.Longby Hossein_Fatapour_IRAN113
$DYDX#DYDX Acccumulating for 658 Days. Need to break through 3.8 - 3.9 supply zone to start the rally. 🔅mid-term target - 7 🔅1 long-term target - 17 🔅2 long-term target - 25 🔅3 long-term target - 45by YYCcrypto7
Dydx LONGI plan to close my position in Dydx soon, aiming to secure my profits within the green box, which represents a supply zone.Longby Ener-tradersUpdated 0
DYDX Will go to the moon DYDX Very Bullish. Breakout of Trendline Breakout of MA Breakout of Volume DCA forever Longby EtoYa7771
#DYDX/USDT#DYDX The price is moving in a downward channel and it has been broken to the upside On the 4-hour frame, we have clear upward momentum after some correction occurred We have support from the Moving Average 100 breakout Current price 2.77 The first goal is 3.00 Second goal 3.16 Third goal 3.40Longby CryptoAnalystSignalUpdated 21
DYDXUSDT = Forming a triangle patternAs you can see in the image BINANCE:DYDXUSDT is currently forming the triangle pattern. in the next few days we can see the triangle pattern forming. The triangle formation is between the strong support and resistance. Support is around 2.5$ and resistance is around 2.8$. Most likely the triangle pattern break will be towards the resistance and we can see some nice bullish moment, however we ned to wait till the breakout to be sure. We will update the chart when the triangle formation completes and breakout is confirmed. Cheers! GreenCrypto by GreenCryptoTradesUpdated 10
Dydx outlook 💡 I am shorting DYDX because it is rejecting the trendline I drew. I am aiming for a 1 to 1.4 risk-to-reward ratio.Shortby Ener-tradersUpdated 2
DYDX - USDBreakout above $2.5 range and reclaimed ceiling as support. Looks even better above 4.45 SnedLongby Mind_421
#DYDX The possibility of retesting the resistance rangeH1 : after the correction of the previous wave, which corrected 23% of the previous wave and exited the output channel. it can now have a short-term upward rally after the pullback to the broken structure to the resistance range of entering the sell position of the previous post. If confirmed in the green box, you can enter the purchase transaction. In addition, the first target is the 61.8 Fibo range. In case of failure, it has the ability to grow to the next range. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.Longby alikzeUpdated 10
DYDXUSDT based on 1h chartHello traders, I am expecting a ranging between the Orange order block which is considered to be Premium zone, and the blue oB... and then a Liquidation upward, then a dump towards the green zone (2.775 - 2.900) Trade carefully and always move your SL to Entry Point... enjoy trading <3Shortby rawayoussef02
Dydx idea💡 The price of Dydx is currently on an uptrendline, indicating a favorable opportunity for a long position. It would be wise to set a take profit level at the supply level located above in the green box.Longby Ener-traders1
DYDX - Ascending Channel PumpDYDX, observed on the weekly timeframe, is currently trading within an ascending channel. The price action reflects a consistent pattern of liquidity absorption, oscillating between the upper and lower bounds of the channel. This liquidity-driven movement suggests a recurring behavior of price navigating from one liquidity level to another. The anticipation is a potential retest of the lower channel boundary, particularly around the $1.9 level, before a breakout above the upper channel boundary. 🔄 Ascending Channel and Liquidity Movement: DYDX's price movement is structured within an ascending channel, highlighting a series of higher highs and higher lows. The intriguing aspect is the consistent absorption of liquidity, indicating a cyclical movement from one liquidity level to another. 📊 Liquidity Retest and Breakout Scenario: The analysis suggests a potential scenario where DYDX may undergo a retest of the lower channel boundary, particularly around the $1.9 level. Such a retest could serve as a liquidity absorption phase before a potential breakout above the upper channel boundary. 🚀 Key Levels to Watch: Upper Channel Boundary: The upper channel boundary serves as a key level for a potential breakout. A decisive move above this level could signal a bullish continuation. $1.9 Support Level: The $1.9 level is identified as the potential retest point for the lower channel boundary. Traders should monitor price action around this level for confirmation. 💡 Trading Strategy: Traders observing DYDX may consider a strategic approach involving the potential retest of the lower channel boundary around $1.9. Confirmation of support at this level, followed by a breakout above the upper channel boundary, could present favorable conditions for bullish positions. Risk management strategies, including the use of stop-loss orders, are essential. 🔮 Future Outlook: The technical analysis indicates the possibility of DYDX retesting the lower channel boundary around $1.9 before a potential breakout above the upper channel boundary. Traders should remain attentive to key levels and adapt their strategies based on real-time market dynamics. The cryptocurrency market's dynamic nature emphasizes the importance of flexibility and risk management in trading decisions. by AlexWhale5
DYDX is BullishDYDX is currently in a bullish trend, printing higher highs and higher lows. There are no signs of RSI divergence and hence according to Dow theory the trend is expected to continue further. Targets are mentioned on the chart. Longby Fahad-Rafique3