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Dydx

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
DYDXUSDTPERP - Tool review.A trading range is formed on the chart with the boundaries 1.007 - 2.72. When the price repeatedly approached the upper boundary, the breakout of the local maximum did not take place. For the given period of time accumulation is in the final phase. In this phase for the transition to the impulsive upward movement it is necessary that the price would break the local maximum and consolidate above it. In the presence of the SOS signal and BU/LPS will be a confirmation of a successful accumulation. In the absence of these signals we expect a further decline in price, to the middle of the range the second target is the lower boundary of support. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your your friends.
Long
by Artem_Dishel
6
🔥🚀WHY TWT SCYROCKETING❓ Trust WalletxTwitter SOON❓🔥 Hi friends! A lot of rumors are already appeared about Trust wallet and Twitter pertnership. Spaceman Mr. Musk told several times that Twitter will accept the crypto payments, that is why Binance is also participated in Twitter purchase. ✅ I mention you all the possible scenrio to buy TWT. If you open a trade, you already can book +150% profit of CLEAR PROFIT without any leverage. And i know that lots of my subs did it. 🔥 I marked for you the best entry point here: 1. squeeze to the trendline 2. test trendline as the support 3. test trendline as the support 4. test ATH (key level of $1.55 as support). Little bit risky, but was usefull. 🚩 Also, I should mention that the pro traders see how TWT grows and all cetpro market falls. It was the main sign of bulls on TWT. 📊 WHY TWT SCYROCKETING❓ The main answer is in this quote - "Now your keys, not your crypto". As you know, exchanges hold the crypto on their wallets and show you just the numbers of money that belongs to you, but can move your crypto, use it as they want. 🚩 A lot of crypto traders start to look for safer place to hold the crypto after the crash of FTX. The non-custodial wallets as Trust wallets or MetaMusk start to grow on this news and a lor of crypto starts to flow on it's balances as well. This crypto on your wallets are just your and no one can use it. ✅ CZ published the cold wallet balances before the pump, which trigger the bull trend of the wallet tockens. SFP as well as TWT start to pump. 🚩 When the price of TWT reach the ATH at $1.55, CZ tweet about TWT at his Twitter and repeat the famous quote. The altcoin reach $2.51 in 1 day (+60%). 🔥 The latest rumors that not spread so much yet is the partnership of Trust wallet and Twitter. As far as we can understand now is that the Trust Wallet will support Twitter users, store their crypto, accept payments etc. 📊 WHAT IS POSSIBLE TARGETS FOR TWT❓ My last target that already not closed is $4.8-5. TWT need to grow by 100% to reach this target. The news about Trsut wallet and Twitter partnership will launch this rocket to the moon🚀 It's good for scalpers who can find good entry point at the lower timeframes and for my subs that already bought and hold BTC. ✅ I think that $10 as well as $50 is possible, but a lot of things depends on BTC. Traders, if you want to know TOP Binance or related to Binance projects that can also skyrocket soon, check this idea. Trades, was it idea usefull for you? Do oyu agree with my targets for TWT? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
It crossed the $2 resistance!DYDX has rallied more than 25% today, with the currency breaking through the $2 resistance. As you can see, the price trend in the daily time frame is the range, and its fluctuation range is considered between the resistance of 2.7 and the support of $1. The high buying pressure during the past few days can signify the price leaving the range trend and changing upward. Therefore, to break the ceiling of the range channel, it is very important to maintain the support of $2. There is also the potential for forming a double bottom pattern in the weekly time frame. Therefore, breaking the resistance of $2.7 and stabilizing the high price of this area can confirm the pattern and continue moving up to the resistance of $6. For the short term, the important resistance of $3 can prevent price growth while continuing the short-term price path. Therefore, in this range, there is a possibility that the trend will suffer in lower time frames.
by MonoCoinSignal
1
DYDX is bouncingDYDX is decentralized exchange's crypto, a promising one. It was in a descending channel and touched the ATL in mid June. After making a 170% recovery, it continued to go down to be close to the previous ATL. In my opinion, now it is a good opportunity to buy DYDX for both mid term (a few months) and long term investment. For the longterm hold, I'll post another analysis to explain my point. For mid-term, we see some bullish signs Inverted hammer (with relatively low volume) Bullish divergence Prices at strong support (ATL area) We will need more volume the next days to confirm a strong reversal.
Long
by evasivesteering
2