DYDXUSDT
DYDX looking good for upward move towards 2.70The daily support is working well and holding the price for past few days. This is indeed a very strong demand zone as evident from the support zone. The price is also trading above the support zone which is a good sign for now. If this daily candle closes above that zone, it would be a good strength sign for upward move and can target the daily resistance zone around 2.70.
DYDXUSDT hit the daily support and likely to go lowerThe price has hit the daily support which provides a opportunity for a long position. However, one has to be careful as it seems the upside for the long is limited here. If I had to play this one, I would play as marked on the chart. If the current daily support loses, a better long opportunity will be from the next daily support and the target for that should be 2.546.
DYDX Bullish Broadening WedgeLooking at the daily chart we can see that a broadening wedge pattern has formed which is very bullish for DYDX.
If you zoom out on the weekly you can also see a triple bottom from which we've just retested the neckline.
Overall I'm expecting some bullish moves from DYDX in the next coming weeks.
DYDX NEW UPDATE 12HHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DYDX 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
✴️ dYdX Triple Bottom, Bullish Breakout (275% Potential)We will keep this one short as more information can be found in a previous trade idea.
dYdX here is showing a triple bottom and now a bullish breakout.
This weekly session is moving above a consolidation pattern which can lead to additional growth.
I am seeing an easy target of 60% with a potential to hit 275% mid-term.
Can be a bit lower but also a bit higher...
Thank you for reading.
I'll share additional charts with you all looking great.
Namaste.
DYDX/USDT - bullish pennant with 2-3x potentialDYDX/USDT is showing a very promising bullish setup which will likely break out soon.
In this setup we can see a bullish pennant which is shaped like an inverted head and shoulders pattern that's near completion, successful retests of the previous downtrends and price sitting above the previous 2.50 resistance.
I really like the look of this setup and expect to see high double digit % returns and potentially even a 2-3x depending on the momentum of the breakout.
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- Buy zone: current price range, anywhere near the tip of the pennant or if you prefer a safer approach buy the breakout
- Targets are marked in the chart
In case of a pattern failure look for support on the dashed trend lines for a potential re-entry.
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I will try to keep this idea updated as the chart develops.
Best of luck and let me know what you think!