DewyCandles

DewyCandles

Overall trend on a daily timeframe is downtrend forming a descending triangle (black line). the major support line (0.78% Fibonacci retracement level is the $0.5546 on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black...

DewyCandles

1000SHIB is repeating the rectangular pattern as it did from June - October 2021 on daily timeframe. Keep an eye on it after breakout we will see the same huge uptrend. For quick profit, buy at the support (red) of the rectangle and sell at the resistance level (green) with a tight stop loss.

DewyCandles

#DYDX ANALYSIS (2 WAYS) DYDX is on a downtrend forming a descending channel on a daily timeframe, it is yet to make a new low neither is there any divergence on the indicator for reversal. The purple line also shows us that it breakout and retests hence reversal. Overall..., BULLISH However, the Stochastic RSI is at oversold region signaling buy. You can bag...

DewyCandles

#DYDX ANALYSIS DYDX is on a downtrend forming a descending channel on a daily timeframe, it is yet to make a new low neither is there any divergence on the indicator for reversal. However, the Stochastic RSI is at oversold region signaling buy. You can bag some at the support level and set a tight stop loss below it or wait for a divergence to occur.