DYDX Bullish Breakout
Updated
DYDX recently broke out of bullish falling wedge and is currently retesting the trendline. If we can hold we can expect to go to tp1 at 3.5 and if we manage to break that we can fill the wick at 4.2.
I do expect a wick retest to the ma's as well. but don't get shaken out, only close the position if the 4h and daily close under.
All depends on BTC though, which looks kind of weak.
Key points
- TP1 3.5
- TP2 4.2
-Sl close under trendline or btc under 40k close
I do expect a wick retest to the ma's as well. but don't get shaken out, only close the position if the 4h and daily close under.
All depends on BTC though, which looks kind of weak.
Key points
- TP1 3.5
- TP2 4.2
-Sl close under trendline or btc under 40k close
Comment
Market is shaky but it retested the ma's as expected waiting for daily close.
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.