Dydx
DYDX LONG TERM LONGHello everyone here is Faisal Afghan crypto trader
Here is the daily chart for DYDX and we are here buying at the key level
The only confirmation is the support level right now and we are waiting for Macd to cross as like the previous time It had Bounced right from here
we are placing a buy position
trade safe
have a good day
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.
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
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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
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✅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 ↓
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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.
DYDX scalp longPrice had a very big impulse and it has retraced back to the GP. Currently Changed the MS on 4H. Weekly level and GP are very good confluence according to my statics so I am trying to catch a scalp long on the pullback to 0.5 / 0.618 local fib retracement. stop below the low and target the last swing high. apply risk management always and don't over-leverage.
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"!
$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