DYDXBTC
DYDXUSDT , We should buy buy buy because ...Hello everybody
Are you ready to start this amazing week for trading ??
In here we have new token of exchange DYDX
We analysis in technical and fundamental view and i will explain it for you traders to understand why we should buy it
In technical view :
After the token was came to market for trading we had upward rally and the price is going up to 28$ , we need some rest and pullback for the price to buy , we shown on chart that the red zone is the zone we should buy and HODL DYDX
The other reason from the technical view is we have downward trendline and the price is compressing and after compressing its ready to jump to the targets that we shown and will shown on chart
In fundamental view :
DYDX exchange is the first DEFI exchange in USA wanna make futures trading and its so attractive for the traders for trading in future market in DEFI area
And ...
If you have any question about the market or any thing you can just send us a mesaage
Be with us and sleep comfortably
Good Luck
Abtin
I WON’T SELL my bag, not just yet!!!Today we have dYdX/BTC to talk about
Easier chart to analyze than the USDT pair, as we can identify our support and invalidation area better.
The bearish momentum has been stoped a week ago, and the new bullish wave is around the corner!
We bottomed out, made higher lows, and currently broke out of this pattern with some massive green candles.
I am aiming for the 50 fibonacci level for the next stop,
The invalidation level for me is below the dotted line which creat a lower low on the chart.
Plus all of that above, we are holding the 21ema on 4hr chart which is also a very bullish sign.
So if we break below that ema and trend line, i will close my longs and sell my tokens, and maybe buy them back around $10.
My target for dYdX is still at $31;
This new protocol has a great future and I don’t think it just fades away so fast.
Do you hold any dYdX for this bull run? If you do, what is your target?
Share you ideas with me in the comment section
And as always, stay safe stay profitable ;)
DYDX/USD - Pump to $21, then re-assess. 😎DYDX has touched the support again and had a good bounce on it towards $19. This can lead to a nice rally towards $21 where we have the next key resistance.
We could break above that level if bullish momentum maintains. As you can see this downtrend channel can also be a bullish flag.
I would not exclude such a scenario where DYDX breaks up and pumps towards a new all-time high.
It is a bit early for that, but if we manage to make the top of the channel support after a breakout then DYDX will pump hard. See idea on the chart.
Indicators are turning bullish under 1D timeframe.
Like and follow if you liked this idea!