DYM/USDT Holding the Trendline Support at 1.49 – Next ResistanceThe DYM/USDT pair has recently shown strength by maintaining its position above the key trendline support at $1.49. This level has acted as a crucial floor, preventing further downside and indicating solid buyer interest around this price zone.
The next resistance to watch is $1.68, where a breakout could open the doors for a potential upward move. Traders should closely monitor volume and price action at these levels, as a breach of resistance could trigger more bullish momentum, while a failure might lead to a retest of the $1.49 support.
For now, the trend remains positive, but cautious optimism is key as the market approaches the next critical resistance zone. Keep an eye on this setup for possible trade opportunities.
DYMUSDT trade ideas
DYMUSDT trading opportunityA descending broadening wedge formation has been identified on DYMUSDT, with the price currently bouncing off the bottom trendline, closely aligning with our immediate accumulation area. This zone is expected to provide strong support. We anticipate an upward move from this point, with an immediate target around the $2.1 area.
The chart provides all the necessary details. Enjoy trading!
DYM Biased to the UpsideIn the short term, I expect DYM to continue its upside movement, for green V / blue 3.
Even if this is a correction, and not an impulsive wave, at least some bullish movement should be in place.
My initial targets are 1.982 (100% 1-2 extension), and between 2.25 and 2.30 (resistance zone). These targets are shown in purple lines.
A break below 1.423 (green I high) invalidates this count.
DYM - A Strong reversal is in-progress#INJ/USDT #Analysis
Description
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+ After recent downtrend price has formed a strong double bottom pattern
+ We are seeing a strong reversal and price is expected to breakout from the resistance
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VectorAlgo Trade Details
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Entry Price: 1.656
Stop Loss: 1.129
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Target 1: 2.035
Target 2: 2.568
Target 3: 3.240
Target 4: 4.175
Target 5: 5.997
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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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Best Regards,
VectorAlgo
DYMUSDT Broadening Wedge!DYMUSDT (Day Chart) Technical analysis update
ASX:DYM price has been trading within a broadening wedge pattern for the last 180 days and is now moving towards the wedge's resistance for a potential breakout. If the price breaks this resistance, we can expect a strong bullish move in DYM.
Entry: After breakout confirmation on the daily chart.
Alikze »» DYM | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke.
- It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95.
- In addition, if it can be above 1.56, it can touch the ceiling of the previous channel of 2.34.
💎 Alternative scenario: if it faces selling pressure at the top of the channel, it can continue the correction to the bottom of the descending channel in the range of 0.78 by breaking the green box.
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BINANCE:DYMUSDT
DYM/USDT NEW VOLUME INCREASEThe last data shows that DYM have the possibility to get a new volume trend in the coming time frames which will allow this coin to increase to higher targets.
By the chart, we did add some beta possibility targets.
There is always confirmations needed to follow the coin further.
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DYM looks bearishFrom where we put the red arrow on the chart, the DYDM correction has started.
DYDM correction seems to be a diametric. We now appear to be in wave E.
We expect this pattern to continue.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$DYM Pump IncomingASX:DYM has maintained this #accumulation zone for a while now and is getting ready for a #pump. Short term target is at $8 while long term target is between $20 and $24
Considering that we are in a #bullrun, the possibility of a #new #ATH forming is very high, and this would mean a move beyond the previous ATH of $24