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Dydx

DYDX is back to potential buy zoneLast time, DYDX trade had reached the 100% target (see link below in Related Ideas). Since then, DYDX has continued to decline and its prices are back to the weekly support area. One reason was that the hype on DEXs didn't last long (after the fall of the CEX FTX). We can see that it's still soon for CEXs to get a sustained attention from long-term investors. In my opinion, it is an interesting moment to keep an eye on DYDX for both short-term trade and long-term hold.
BINANCE:DYDXUSD
by evasivesteering
4
DYDX weekly double bottom. TargetsBINANCE:DYDXUSDT Before massive unlock coins at the beginning of February and by this pattern we can see huge rally and FOMO on this coin ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Weekly timeframe perfect double bottom. With 0.01$ beat previews high so it shows the future direction ➡️Beginning of February massive unlock coins from early investors and funds. We can see fake hype around before unlock ➡️Fib since drop in April still relevant ➡️Targets 0.5-0.618 lvl by Fib and 1.618 to bring FOMO ➡️After this targets Im expect drop one more time down to 3-2.70$ around March Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Good time to buy DYDX. Why?You know how all the assets are out from centralized exchanges to decentralized exchanges like Uniswap, DYDX, and etc. On the daily chart of DYDX, it broke the longterm downward trendline, faked & rebounded. It faced a short-term downward trendline, and seems to be breaking. (There was a minor retest in smaller timeframe afterwards) MACD is gonna light up green Wavetrend is green RSI is gonna cross the signal line at 50 (which is the strong signal line) So, I think this is a good time to buy DYDX, and I did. This is not a financial advise, and you should do your own research & study. P.S. UNIUSDT, DYDXUSDT, GMXUSDT should be on your watchlist.
Long
by leevolution
2
DYDX swing trade setupBINANCE:DYDXUSDT Local Swing Trade setup before FED hike rate in 14 Dec ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Local fib since top Higher High and double bottom on Weekly timeframe ➡️Correction to 0.78 level (there under this level people add stop losses) 1.60$ there we got signal to buy on TradeOn indicator ➡️We can keep this impulse and test 0.38 lvl to 2.12$ and trade in upper part of downside channel ➡️Than we can grab liquidity at 0.86 lvl and bounced from this level around 7-10 December before FED decision ➡️Or earlier going out of channel after break out 0.5 lvl ➡️Middle term target 5-6$ for DYDX still relevant Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
$dYdX -Hit Top of Daily Bearish Order Block- Now Retracing *SMTSMT = See related idea on the analysis of what Smart Money Theory is. $dYdX seems to be the only crypto worth trading at the moment. As it hit the top of the Daily bearish order block and started reversing. Wick may have went through each side on the 4 hour but two four hour candles closed inside below the median of the Daily bearish order block . This is bearish movement. So I have two take profits. The first is within the huge 4 hour Fair Value gap below. Entry 2.441 Take Profit 1 - 2.068 (Top of Breaker) Take Profit 2 - 1.946 (Bottom of Breaker) Stop loss - CLOSES ABOVE 2.538 on the1 hour I don't play the stop loss game unless I'm Not going to pay attention and what matters on a stop loss is the close not We'll See what happens. But thats my educated guess. Usually, Smart Money teaches me right. (See related Idea Bitcoin- last short
Short
by BodiesXWix
CEX Failure in the News, DyDx DEX into the portfolioTLDR: Fully a chart play entry and target setting. Sometimes it is just that easy to get a 17 RRR. CEXs have been a major problem in cryptos history for price stability due to various reasons. One thing that has become apparent is their financial management of your funds cannot be certain and the case is very clear that if you think you are in a bear market keeping your funds on an exchange is extraordinarily risky. Especially if the exchange is being run by some young whipper snapper. I have looked at going long on DYDX in the past and got stopped out of my position due to not wanting to hold a bag too long in a bear market and deal with the potential 80% draw downs. The main chart has a lot of detail on it so I won't be repetitive here. Safe to say I can see price coming of this triangle very impulsively and I don't want to be chasing in. This move is going to be long enough that I do see a chance to add to my position and maybe even lever up. Below is a chart on ETH for the last bear market and a target of the 2 fib level based off the ascending triangle draw. I am using it as an example to my self of how to sagely add to a position by using the parabolic SAR and ADX. I hope to add to pull backs with buy stops and relatively tight stops losses. When the Parabolic SAR is snugging up to the price action and the D- is above the D+ I hope to se limited downside on my adds. If this market doesn't impulse to target like I expect then I will probably do some capital destruction by adding to my position in this manner. Buy based off of the triangle formation I do expect a very impulsive 2-3 months. I went into my position some 20% ago x4 and so far am quite pleased. I have almost a 18 RRR. I am going to hold onto my current stop loss until price breaks out of the orange triangle then I will look to a profitable stop loss. There are some coins that I don't think have bottomed out just yet so just because I have gone long on DyDx does not mean I am going to be long everything. I still have some dips I am looking to buy.
Long
by This_Guhy
7