DYDX CAN DROP MOREHello, dear traders. how are you ? Today we have a setup to buy/long the LIT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
DYDXUSD
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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RLinda ! DYDXUSD-> The price is in the risk zone. Up or down? DYDXUSD forms a strong momentum from the local bottom at 1.4633. The price reaches the channel resistance 1.7546, after a false breakdown of the upper boundary the price moves into the consolidation phase.
The price enters the risk zone, if the DYDX overcomes the zone of 1.73, the potential to 1.819 - the peak of the volume according to the profile of the indicator will open. At the moment, the coin shows a confident growth mood.
But, provided that the price forms a pullback and returns to the channel resistance and consolidates under the upper boundary, the price will continue to be in this range, in which case the price can fall to 1.4592
Regards to R. Linda!
DYDX expected to bounce ! First Chart PublishedDYDX is being held by this strong support in grey area on the chart.
Currently in the range of 1.610 and 1.660.
With proper risk management taking this trade :
BUY : 1.577-1.622
TP:
1.700
1.800
1.960
SL:
1.520
NOTE:
DO YOUR OWN RESEARCH (DYOR)
NOT A FINANCIAL ADVICE
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 exchange token Again, just theowing it out there that channels are found all across the markets and i find them intriguing. Tough to trade but possibly uselful for any positive edge if justified. This channel is super leading and if it plays out, it'd be a good one to keep an eye on. No TA here , just looking at psychology and human nature traits
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"!
DYDXUSDTPERP - Tool review.A trading range is formed on the chart with the boundaries 1.007 - 2.72.
When the price repeatedly approached the upper boundary, the breakout of the local maximum did not take place. For the given period of time accumulation is in the final phase. In this phase for the transition to the impulsive upward movement it is necessary that the price would break the local maximum and consolidate above it. In the presence of the SOS signal and BU/LPS will be a confirmation of a successful accumulation. In the absence of these signals we expect a further decline in price, to the middle of the range the second target is the lower boundary of support.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your
your friends.
It crossed the $2 resistance!DYDX has rallied more than 25% today, with the currency breaking through the $2 resistance. As you can see, the price trend in the daily time frame is the range, and its fluctuation range is considered between the resistance of 2.7 and the support of $1. The high buying pressure during the past few days can signify the price leaving the range trend and changing upward. Therefore, to break the ceiling of the range channel, it is very important to maintain the support of $2. There is also the potential for forming a double bottom pattern in the weekly time frame. Therefore, breaking the resistance of $2.7 and stabilizing the high price of this area can confirm the pattern and continue moving up to the resistance of $6. For the short term, the important resistance of $3 can prevent price growth while continuing the short-term price path. Therefore, in this range, there is a possibility that the trend will suffer in lower time frames.
DYDX chance for double bottomDYDX /USDT
Price in downtrend since 1 year inside massive descending broadening wedge
We also notice a possible double bottom in the chart
Keep it simple :
1- If price could break and sustain above trendline resistance we can see strong bullish wave in next days
2- incase of breakdown of Local support it will continue in downward direction
What do you think about DYDX ?
Could this time be a different time or not ?
DYDX UPDATE : start of new cycle ?DYDX/USDT
since listing of this coin in major exchanges it kept dumping for almost 1 year
Finally we got the first clear breakout from descending broadening wedge pattern after 3 major bearish waves
This breakout could be a shift of trend and new bullish cycle for this coin
The most important support here is marked as blue color rectangle which should hold to remain bullish otherwise i would consider it to be a scam coin if broken down too
What do you think about DYDX ?
Share me in comment section below ⬇️