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Dydx

$DYDXdYdX, a decentralized exchange (DEX), lets cryptocurrency traders access perpetuals, which are a form of derivative. A derivative is a financial product whose price is determined by the value of another asset, and derivatives in the cryptocurrency market take value from the prices of various cryptocurrencies. Using your Ethereum wallet as your dYdX account, you trade futures linked to cryptocurrencies including Bitcoin, Ethereum, Solana, Doge, Avalanche, and others. This platform is on fire, and it’s worth warming your trading paws at the blaze. On two days in late September, dYdX recorded a trading volume of $19 billion in crypto transactions in contrast with Coinbase, which processed just $6 billion in crypto transactions during that time. Excitement for this DEX is growing and with it an active user base that Juliano expects will accelerate growth into 2022. It’s a bandwagon you might consider hopping on. DYDX currently broke out of its downwards channel and its pretty much holding onto support on the daily chart. If previous resistance now acts as support you could see this continue up. Keep this on your watchlist. - Factor Four
Long
by TheBlankFund
DYDX/USD - About to EXPLODE! Bullish Cross! 🚀🚀🚀If you are looking for a sexy coin, DYDX is certainly in the top 3 right now. After a significant correction (>50%), DYDX did the second BULLISH cross on MACD moving averages on the daily timeframe. If this is the lucky cross, then DYDX is about to start a massive rally. The first test for bulls will be found at $15. Break that, and this baby will RUN. Bias is somewhat bullish, but DYDX has to crack this resistance and break above to turn FOMO on. If not, then DYDX will consolidate further and a buy/entry around $11 support would be quite good I'd say. Like and follow if you liked my idea!
Long
by DU09