DYDX / TetherUSUpdated DYDX-accumulation,double bottom ,wedge and higher lows.
Hello everyone
Good title,right?
On daily chart on DYDXUSDT, we have good amount of structure and context for a reversal.
I know many people may say" that's a bear flag right there ", yes with a pinbar rejection and a weekly wedge and higher lows. That's why the price is more likely to touch the 4.55$ or the bottom trend line again ( because of the shadows of the last 5 bars & the hanging man of today)and we will have a rejection there and might see the price reaches 6$ by the end of the month.
Have a good trade & don't be greedy.
Good title,right?
On daily chart on DYDXUSDT, we have good amount of structure and context for a reversal.
I know many people may say" that's a bear flag right there ", yes with a pinbar rejection and a weekly wedge and higher lows. That's why the price is more likely to touch the 4.55$ or the bottom trend line again ( because of the shadows of the last 5 bars & the hanging man of today)and we will have a rejection there and might see the price reaches 6$ by the end of the month.
Have a good trade & don't be greedy.
Note
25 Apr 2022:IF the today's bar closes as it is we may get to see an ABC correction in the market.
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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.