Get started

DYDXUSD

TA of DYDX/USDT: Potential Breakout and Buying Opportunities Chart Analysis Shows DYDX Testing Fibonacci Retracement Level and Potential for New All-Time High in Upcoming Bull Run:- #DYDX is currently trading at $2.855, and the chart shows that it recently broke out of a major resistance level and is currently trading around 250% higher than its last bottom. It has also risen 150% from its last breakout. The previous breakout was followed by a retest and was perfectly executed. At present, DYDX is trading in a parallel channel, and a breakout from this channel is crucial. A high-time frame candle closing above $3.30 or breaking the recent high of $3.68 would be the best entry point as per technical analysis. Based on the chart, I anticipate that DYDX may test the 0.0618 Fibonacci retracement level and then experience a significant upward rally. Therefore, the best buying opportunities would be around the parallel channel support area, which is between $1.40 and $1.70. In the long term, I expect that #DYDX will break its new all-time high in the upcoming bull run and could reach $30. The support levels for #DYDX are $2.44, $1.65, and $1.11 while the resistance levels are $3.47, $7.50, $13, and $24 This is just my opinion, and it is not financial advice. Before investing in any coins, I recommend doing your own research. I will update my social media channels if anything changes in the chart. Please Like, follow, and share for more live updates on technical analysis and breaking news on crypto. Thank you.
Long
by CryptoPatel
6
DYDX is preparing for a big move to the upside!DYDX on the daily time frame is up trending with no doubt! 1st. After the considerable correction for the first time in 30 days, DYDX has managed to change end the correct buy creating higher high on 4H timeframe. 2. Now it the time for a small consolation that leads to creating a new hight on the daily and in this move it might reach the upper supply zone( marked on the chart) that will be a 100+% target. It’s far away! But if Bitcoin will reach 30’s this will be achieved in a matter of 30+ days. This is not a financial advice. It’s my way of thinking based on my interpretation to the data on the charts. First TP
Long
by kvmass2013
DYDX USDT , DYDX the DEX Coin Will Touch Double Digits!?BINANCE:DYDXUSDT DYDX was in MARK DOWN Phase from very long time and entered in an accumulation range and now moving for a MARK UP Phase. Being A Pure Technical Analyst..Let's Move Straight To The Charts! DYDX on Higher Timeframe was in accumulation(261 days) from long time and just broke out few weeks ago. Right Now it tested on that range high in the form of a Bull flag which is meant to be bullish for its price action and should start a rally in next few days If you are looking for Entries, then on lower time frame if DYDX retraces to 2.7-2.9$ can be good entry for you to hold for high time frame play First Target Would be 3.9$ Second Target Would be 6.5$ Third Target Would be 10$ 4$ has strong resistance..it can take multiple tries to break that Okay so That's it for DYDX Hoping you liked the analysis :) Please like and comment your views on DYDX and also follow us for more setups as i am going to post detailed analysis for many Altcoins! See you in next Altcoin Analysis
Long
by Traders_skooll
DYDX swing trades. Indicators analysisBINANCE:DYDXUSDT This chart based on my indicators set on D timeframe Take a look explanation Take Profit - Reject at take profit and exit line Trade On - 2 signals to sell confirmed ADZ - Came in again in neutral zone. Might be going lower where whales start accumulate again Direction - 5Feb got an alert to close position. Waiting drop lower to see accumulation alerts 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"!
Short
by Crypto4light
DYDX/USD, Triple bottom formed? Buy Sign for me!Greetings, and welcome back to my analysis! I've been keeping a close eye on DYDX/USD since November of last year, and my analysis suggests that it has already formed a bottom. Currently, the price is at a key level of resistance on the weekly chart, specifically a supply level. As traders and investors, it's important for us to pay attention to these levels as they can indicate potential changes in market sentiment. A breakout from this level, where the price moves above the supply level, could signal a bullish trend and may present an opportunity to enter a long position. This is because a breakout from a supply level indicates that the bears have lost control and the bulls are starting to take control. Additionally, if the price does break out from this level, we should also be aware of retest and consolidation. Retest refers to the price coming back to the breakout level, to confirm that the level is indeed broken, and consolidation refers to the price moving in a tight range after the breakout. Both of these factors can indicate that the market is gathering momentum before continuing in the direction of the breakout. However, it's also important to note that we should also have an exit plan in case of invalidation, which means that the price falls below the supply level. This would indicate that the breakout was false and the bears are still in control of the market. This would lead us to close our long positions and wait for a new setup to form. Overall, DYDX/USD is currently at a key level of resistance, and a breakout from this level, along with confirmation through retest and consolidation, could present a bullish opportunity. However, we must always be prepared for the possibility of invalidation and have a clear exit plan in place.
CRYPTO:DYDXUSDLong
by RS_CryptoAnalysis
1