🤔DYDX-USDT🤔
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
_______________________
DYDXUSDT
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
_______________________
DYDXUSDT 
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.