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AVAXUSD $55.00 is on the cards but then expect correction.Avalanche (AVAXUSD) hit all of our targets during November's run (see chart below) and even broke above the 1W MA100 (green trend-line) for the first time ever: This resembles the incredible rally of January 2021, even though it has been executed during a different time period of the global Cycle. Nonetheless, one last spike to the 1.786 Fibonacci to make a February 08 2021 type High, is expected (target = $55.00) but then most likely the market will correct back to the 1W MA50 (blue trend-line). After that, our long-term target will be 105.00 (Resistance 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
1
SAND/USDT Trading IdeaBelow is a trading idea for the SAND/USDT pair. Since the beginning of October, this asset has shown a consistent upward trend. Starting at $0.2739 and reaching a current high of $0.5970 , it has grown by more than 114% . The trend line, acting as support, confirms continued interest from buyers in this coin, having held up through three significant approaches. Currently, the asset is undergoing a correction after hitting a local price peak. The idea is to consider buying the asset if the price drops below the Value Area High and approaches the level close to the support trend line. The trend's stability is confirmed by the continuation of the upward movement after the correction from the local peak, accompanied by noticeable increases in trading volumes. After entering a position, the first target is considered to be $0.5992, with the second target at $0.7178.
Long
by Rick_SimpleSwap
The first big pullback since mid-October 2023In yet first significant pullback since mid-October 2023, Bitcoin shed about 9% of its value in the past three days (with much of the decline coming overnight). In the process of doing so, it retraced almost to the 20-day SMA, which often coincides with corrections of the main trend. Despite that, there are a few developments that stand out to us. First, the RSI and ADX are forming divergence on the daily chart. Second, there has been a modest decline in the number of Bitcoin addresses with balances exceeding 1,000 BTC (since around 5th December 2023 when Bitcoin was erupting to new highs); the same applies to addresses with holdings exceeding 100 BTC. We previously outlined the possibility of this happening and noted that it would be worrisome since a similar dynamic played out around April 2023 and July 2023 (at particular peaks in Bitcoin’s price). We will monitor the mentioned developments in the following days but for now, we still prefer to stay on the sidelines. We will announce once our stance changes. Illustration 1.01 Illustration 1.01 portrays the daily chart of BTCUSD. The yellow arrow highlights Bitcoin’s retracement toward the 20-day SMA, which often acts as a correction of the main trend. We will pay close attention to this level because if it fails to hold the selling pressure, it will raise the odds of a bearish crossover between the 20-day SMA and 50-day SMA (and potential trend reversal). Illustration 1.02 Illustration 1.02 shows the divergence between the price and the RSI (on the daily chart). Technical analysis gauge Daily time frame = Bullish (losing momentum) Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
3
PROPUSD Make or break time for the Channel Up.Propchain (PROPUSD) is trading within a Channel Up pattern since early October. Since October 20 in particular, the 1D MA50 (blue trend-line) has been supporting. At the moment, the price is testing both the Channel's bottom (Higher Lows trend-line) and the 1D MA50. As long as they hold, we are bullish, aiming for another +75% (roughly) leg at 3.400. If we close a 1D candle below the Channel and 1D MA50, we will sell and target Support 1 and the 1D MA200 (orange trend-line) at 1.6500. The 1D RSI has already broken below its Channel Up, which is a similar signal to August 11 before the 1D MA50 broke. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:PROPCUSDLong
by TradingShot
BITCOIN Global bonds and Yuan signal a strong rally ahead.Those who follows for long know that this is not the first time we mix bonds and Chinese liquidity into Bitcoin's (BTCUSD) long-term analysis. We do so as more than a year ago we discovered their importance on BTC's trending patterns, which is so much affected by the monetary supply. This time we decided to incorporate a fair Global Bonds Yield pool metric (blue trend-line) as well as the DXY/USDCNY ratio (red trend-line) in order to see on which stage of the liquidity cyclical patterns we are. Global bonds trading within a +10 year Channel Down but are on the new Bullish Leg. It still has a full year before it hit the top and last time it was on this symmetrical level, Bitcoin was starting a Parabolic Rally. At the same time the DXY/USDCNY ratio is having the recent June rebound rejected (red circle) in the same way it did on November 2016. BTC is already three strong bullish months in, rising since September. Do you think this is the start of a +1 year parabolic rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
KCSUSDT You can still make profit on this rally.The KuCoin Token (KCSUSDT) is having a remarkable rally since November 05, which the last 2 days in particular being the strongest of the sequence. This sequence is supported by a Higher Lows trend-line, moving parallel to the 1D MA50 (blue trend-line). Having broken above the Bear Cycle's Channel Down, the trend turned parabolically bullish and has already smashed through one 18 month Resistance level. As long as the Higher Lows hold, there is still time to buy and take advantage of this momentum, to target the next Resistance in line at 18.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
SOL/USDT Trading ScenariosWe are considering two scenarios for the SOL/USDT pair. After reaching the $68 level, the asset's price dropped to $51.08. At this point, there was a successful test of a strong inclined support level, followed by a confident rebound. Currently, due to the decline, an inclined resistance level has formed. First Scenario: Upon the third approach to the inclined resistance level and price consolidation below it, there is a possibility of entering a long position. The potential target is $60, with a second target set at $68. Second Scenario: If the decline continues and the price consolidates near the inclined support level, followed by a break above it and reaching $47.5 with a solid rebound and confirmation above $47.5 on high trading volume, there is consideration for entering a long position within this price range. The growth potential is estimated up to $60.
Long
by Rick_SimpleSwap
LTC/USD Secondary trend. DownlinkSecondary flow. Logarithmic graph. Term 3 days. Main trend. — an ascending channel in which a huge butterfly is forming (part 2 is being formed) Secondary trend is a downward channel. Local trend in the secondary trend—wedge-shaped clamping of the price Coin in coinmarket : Litecoin The same options. Line chart. Main trend LTC/USD Main trend. Halving. Cycles, The psychology of repetition. This butterfly. Logarithm. Deadline 1 week. I have shown one more variant of its formation in case of violation of its dynamic support.
BITFINEX:LTCUSD
by SpartaBTC
39
AVAX INCREASE VOLUME ( READY FOR NEW BREAK)Thank you for reading this update. Depending on our study we see that AVAX has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. AVAX is known as building coins and it can show in the coming time frames a break. We looking to the $13-14 level where the break can start. $17 is an important level in combination with $21.40 We know this coin from the historical increase that started at JULE 2021 with $9.70 and ended in NOV 2021 with $146 SINCE THIS COIN IS UP $10 it entering a high-volume area. #Nottradingadvice
Long
by SatochiTrader
3
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Bitcoin has completed our three consecutive Outer Coin Rallies 39200, 41200, and 43700 in this week's trading. On the downside, the intermediate down target is Mean Sup 43100. The subsequent squeeze will likely be Mean Sup 41500. The upside price movement is expected to be aggressive and intense, as the market sentiment is tilted towards bullishness. The market participants will likely be actively buying, leading to a surge in demand for the asset pushing the price higher. However, it is essential to note that the market is volatile and subject to sudden changes, so investors should remain cautious and closely monitor the support and rally outcome price targets.
BITSTAMP:BTCUSD
by TradeSelecter
BTC/USDT ScenariosWe are considering two possible scenarios for the development of the situation with BTC. At the end of October, following a significant impulsive rise of BTC from $29,614 to $35,300 , there was an increase of more than 18%. In the following month, an ascending trading channel was observed, which was successfully broken after testing the upper boundary at $39,670. As a result of the breakout, the asset reached a price level of $44,436 , marking an increase of more than 11%. The first scenario focuses on the current overbought condition of the BTC price, which suggests the potential for a correction. There is a possibility of a downward corrective movement until reaching the upper boundary of the trading channel, located around $40,600, with a subsequent potential reversal. If the price remains stable at this level, there is consideration for opening a long position on BTC. In the second scenario, a significant price decrease towards the level of the highest volume POC at $37,100 is anticipated. From this level, a price reversal might occur, followed by a continuation of the upward movement. If the price remains stable at this level and there are signals for a reversal, we are also considering the possibility of buying BTC.
by Rick_SimpleSwap
USDT/DOT Speculative Trading IdeaBelow is a speculative trading idea for the DOT/USDT pair. Currently, the asset's price has broken through an inclined level after updating the minimum at the price of $3.550 within the current global downtrend. After reaching the $3.550 level, there was a rebound, amounting to over 41% to the current price. This situation indicates an attempt to break the local downtrend in effect in 2023. As we anticipate a price correction, we identify two entry points for the asset to continue the upward movement within this correction. We place our first limit orders to buy DOT at price levels of $4.550 with a growth potential of 37% to the price level of $6.273. We place our second limit orders to buy DOT at price levels of $4.220 with a growth potential of 50% to the price level of $6.273.
by Rick_SimpleSwap
5
SOLANA Close to breaking above the 1-year Channel Up.Solana (SOLUSD) made a bulls eye on our $65.00 July 27 target (see chart below) and is now attempting a critical break-out: More specifically is it the second time it makes a marginal breach at the top (Higher Highs trend-line) of the 1-year Channel Up. The 1D MA50 (blue trend-line) has been in absolute Support during October - November's parabolic run. Technically if SOL does close the candle above the Channel Up, it opens the way for a 144.00 Resistance 1 (April 02 2022 High) test, as long as the 1D MA100 (green trend-line) supports. However it has to pointed out that this is the first time on a Channel Up top that the 1D RSI's Lower Highs are flashing a Bearish Divergence. DUring the other two tops, it was alighed with the Lower Highs of the price. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
2
DAR/BTC - Jupiter: Trend Reversal◳◱ On the $DAR/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00000342 | 0.00000367 | 0.00000411 and support near 0.00000298 | 0.00000279 | 0.00000235. Entering trades at 0.0000032 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Jupiter ▣ Rank: 1354 ▣ Exchanges: Binance, Kucoin, Hitbtc ▣ Category/Sector: N/A ▣ Overview: Jupiter project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0000032 ₿ ▣ 24HVol: 1.494 ₿ ▣ 24H Chng: 6.667% ▣ 7-Days Chng: 28.96% ▣ 1-Month Chng: 59.70% ▣ 3-Months Chng: 26.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000342 | 0.00000367 | 0.00000411 ◢ Support: 0.00000298 | 0.00000279 | 0.00000235 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.58 - Bullish ▣ In-depth DARBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
D
by Crypto2AF
WEMIXUSD Targeting $6.000 after the next pull-back.WEMIX (WEMIXUSD) broke yet above another Resistance (2.7675) yesterday as well as the 0.5 Fibonacci retracement level. It is about to complete a +160% rise from the previous Low, which is the % range that the previous two bullish legs have registered before pulling back since the August 17 low. The next Resistance level is at 4.700 almost exactly on the 0.618 retracement level, but after the expected pull-back now, our target will be higher, another +160% leg at $6.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:WEMIXUSDLong
by TradingShot
BITCOIN Megaphone breached! How high can the price go?Bitcoin (BTCUSD) broke yesterday above the Bullish Megaphone pattern that kept it at bay since the October 24 High. The previous Bullish Megaphone of September - October technically served as a consolidation belt before the price broke upwards to deliver a +31.86% peak from the Megaphone's last Higher Low and +40.50% from its first Low. The ROC shows a similar behavioral structure between the two patterns. If it continues this way, then a new +31.50% leg will make a perfect contact on 48220, which is the March 28 2022 High, essentially the Bear Cycle's first Lower High and a key Resistance level of the current Bull Cycle. Technically, as long as the 1D MA50 (blue trend-line) holds (has been doing so since Sep 28), that is a realistic end target for this bullish wave. But what do you think? Do you agree that this is a likely extension for this rally before the price pulls back or you expect a pull back now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
19
HNTUSD 1W MA100 only barrier before $12.500Helium (HNTUSD) is on an enormous rise that just reached the 0.382 Fibonacci level of the Bear Cycle correction, headed towards the Supply/ Demand Equilibrium Zone. That's also trading towards that Zone is the 1W MA100 (red trend-line), the last long-term Resistance of the market. We expect a rejection there and a pull-back to the 1D MA50 (blue trend-line) to attract new buyers. Once HNT closes a 1W candle above the 1W MA100, we will target 12.500, which is both the 0.618 Fibonacci level and the June 10 2022 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:HNTUSDLong
by TradingShot
2
KDA/USDT - Kadena: BBand Breakout◳◱ On the $KDA/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.624 | 0.642 | 0.678 and support near 0.588 | 0.57 | 0.534. Entering trades at 0.724 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Kadena ▣ Rank: 224 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Bittrex, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Kadena is a public blockchain that aims to optimize for scalability and features a new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts. Kadena also uses a new Proof-of-Work (PoW) consensus mechanism called Chainweb that consists of multiple individually mined chains working in parallel to execute network transactions. This design theoretically supports a high-transaction throughput at the base-layer without the need for any second-layer scalability or functionality solutions. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.724 ₮ ▣ 24HVol: 9,573,144.443 ₮ ▣ 24H Chng: 16.963% ▣ 7-Days Chng: 18.22% ▣ 1-Month Chng: 27.38% ▣ 3-Months Chng: 52.95% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.624 | 0.642 | 0.678 ◢ Support: 0.588 | 0.57 | 0.534 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.51 ▣ Last 90D: 1.84 ▣ Last 1-Y: -0.38 ▣ Last 3-Y: 0.97 ◲◰ Volatility : ▣ Last 30D: 0.82 ▣ Last 90D: 0.68 ▣ Last 1-Y: 0.74 ▣ Last 3-Y: 1.41 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.71 - Bullish ▣ Reddit sentiment score is 0.74 - Bullish ▣ In-depth KDAUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
JOE/USDT - Trader Joe: BBand Breakout◳◱ On the $JOE/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.4666 | 0.5019 | 0.5907 and support near 0.3778 | 0.3243 | 0.2355. Entering trades at 0.5011 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Trader Joe ▣ Rank: 231 ▣ Exchanges: Binance, Bybit, Huobipro, Gateio, Mexc, Hitbtc ▣ Category/Sector: N/A ▣ Overview: Trader Joe is a decentralized trading platform on the Avalanche network that combines DEX services with DeFi lending to offer leveraged Trading. The platform allows users to trade (AMM exchange), participate in yield farming, staking, and borrowing. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.5011 ₮ ▣ 24HVol: 6,593,539.140 ₮ ▣ 24H Chng: 9.506% ▣ 7-Days Chng: 32.31% ▣ 1-Month Chng: 73.65% ▣ 3-Months Chng: 91.48% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.4666 | 0.5019 | 0.5907 ◢ Support: 0.3778 | 0.3243 | 0.2355 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 5.32 ▣ Last 90D: 3.02 ▣ Last 1-Y: 1.20 ▣ Last 3-Y: 0.29 ◲◰ Volatility : ▣ Last 30D: 1.22 ▣ Last 90D: 0.87 ▣ Last 1-Y: 1.18 ▣ Last 3-Y: 1.51 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.41 - Bearish ▣ In-depth JOEUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Bitcoin Cycle #5 ProjectionBitcoin Projection - Cycle #5 (2025) The following Bitcoin project for the 5th (2025) Bitcoin cycle is based on the following observations and measurements. Presumption that the 4-year-cycle hypothesis holds for the remainder of the 5th Bticoin cycle, which should then peek in mid to late 2025. Start of cycle peek range, is based on the earliest observed historical peek. End of cycle peek range, is based on the latest observed historical peek. The grey projection curve is fitted to points computed as the average of the following logistic regressions. All historical cycle all-time highs. All historical gains above all-time lows. Logistic Regression function for historical all-time highs. This gives a speculative estimate for the maximum possible peak for this (5th) Bitcoin cycle. Best fit "appears" to be quadratic. p_max = 3647 + 34.2 * t + 0.0256 * t^2 Logistic Regression function for historical gain above previous all-time lows. This gives a speculative estimate for the minimum possible peak for this (5th) Bitcoin cycle. Best fit "appears" to be exponantial. x = 40476 * e^(-0.00318 * t) p_min = 15473*x
INDEX:BTCUSD
by rohingosling
DYDX/USDT - dYdX: TD Sequential◳◱ On the $DYDX/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 3.537 | 3.731 | 4.176 and support near 3.092 | 2.841 | 2.396. Entering trades at 3.09 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: dYdX ▣ Rank: 102 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: dYdX is a decentralized exchange built on the Ethereum network delivering key financial instruments to users such as perpetuals, margin and spot trading, as well as lending and borrowing. dYdX equips traders with off-chain order books with on-chain settlement and enables them to short-sell tokens, increase exposure by longing with leverage, or earn interest on deposited tokens to move quickly. dYdX leverages StarkWare's Layer 2 to eliminate the need to trust a centralized exchange while trading, and thus combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange. ◰◲ Technical Metrics : ▣ Mrkt Price: 3.09 ₮ ▣ 24HVol: 55,952,061.639 ₮ ▣ 24H Chng: -4.275% ▣ 7-Days Chng: -3.92% ▣ 1-Month Chng: 30.06% ▣ 3-Months Chng: 50.31% ◲◰ Pivot Points - Levels : ◥ Resistance: 3.537 | 3.731 | 4.176 ◢ Support: 3.092 | 2.841 | 2.396 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 3.25 ▣ Last 90D: 2.11 ▣ Last 1-Y: 1.07 ▣ Last 3-Y: 0.05 ◲◰ Volatility : ▣ Last 30D: 1.54 ▣ Last 90D: 1.01 ▣ Last 1-Y: 1.08 ▣ Last 3-Y: 1.29 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.80 - V. Bullish ▣ In-depth DYDXUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF