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DYDXUSD

dydx 11-07 update>dydx is a gem 💸 this is a longer term swing for me. i'm extremely bullish on dydx, been swinging it since it came to market not too long ago. it is one of my favorite projects recently, and i do think it has a very bright future ahead of itself. ---- from the day it came to market to the local peak, i could count 5 waves within this structure; so i am labeling the top at $27 as wave (1) of a higher degree. wave (2) pulled back into the local golden zone (via linear scale), where some decent bullish divergence arose \ accumulation had taken place as demand quickly rose. wave (3) target = $42 ps. daily macd is starting to curl up, i think we could see this run pick up some steam very quickly into the days\weeks ahead. ps2. i am holding a large position from around $14, and i might even add some more if i see another setup along the way - keep an eye out for updates on this post.
FTX:DYDXPERPLong
by Eloquent
1
DYDXUSDT , We should buy buy buy because ...Hello everybody Are you ready to start this amazing week for trading ?? In here we have new token of exchange DYDX We analysis in technical and fundamental view and i will explain it for you traders to understand why we should buy it In technical view : After the token was came to market for trading we had upward rally and the price is going up to 28$ , 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
Long
by Abtin00
2
🧮dYdX- Bottom is in? FIB 1.618 & 0.618(Forgive me the messy chart, but there's no other way I can present this) The chinas ban on crypto and temporary hype on decentralized exchanges pushed DYDX to #1 spot in terms of 24h volume. But the hype didn't last long, so the price suffered 50% decline. Now it looks like the bottom is in. The price has sat on 15.00 level creating potential double bottom. There's a confluence of 1.618 & 0.618 fib levels. Bullish divergence is visible on both MFI and RSI indicators. Entry: buy at current price(green box) -- or wait for the confirmation: the price to break the neckline of this potential double bottom (watch lower timeframes) Long-term targets: TP1: 16.76 TP2: 18.42 TP3: 19.47 TP4: 25.09 ----------------------- About DYDX: dYdX is a non-custodial decentralized exchange that allows users to leverage trade via Ethereum smart contracts. This gives traders the ability to trade on margin while also benefiting from the security provided by Ethereum. dYdX also partnered with StarkWare to build a layer 2 protocol for the exchange. This allows traders to deposit funds and trade instantly without paying gas fees for every transaction. Source: yahoo
Long
by V0VOLAN
4
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!
Long
by DU09
DYDXUSDT is Converging and two timing to entry!/Trading strategyBYBIT:DYDXUSDT - 1H trend chart - DYDX has converged for a while and formed an obvious triangle. You can notice lots trend lines needed to be broken, so I'll provide 2 different entry timing for you as below - 1. Aggressive traders There are 2 blue horizontal lines, the upper one is a nice timing for aggressive traders. It just broke out the orange downtrend line, so can wait for price stands firm at $24.960 2. Conservative traders Conservative one could wait for the price takes out the long-term upper downtrend line, as the pattern at the top left. - Profit Targets: a) 27.857----Fib(1) b) 32.414~34.257----Fib(1.272~1.382) c) 44.611-----Fib(2) Stop losses: a) 22.001-----for Aggressive traders(Red horizontal line) I'll update for Conservative traders if the downtrend line are taken out. - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
4