DYDXUSDT
DYDX (1H) May see a Short Term DeclineDYDXUSDT (1H) may decline - please protect your investments.
You may sell your positions and re-enter after the HEAD and Shoulder Formation have played out (at our OB)
You can keep your positions open and add more at OB - The decision is yours.
Note: that it is possible that the move will not happen so i can not be responsible for any profit or loss you may incur.
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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.
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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.
It’s a freaking Canvas, and the painting hasn’t begun yetDydx is the dydx exchange(DEX) governance token, I think it has a lot of potential in the future.
Currently the price is stuck in a triangle pattern and the target for it is the top of the ascending channel.So it could hit $40 and even more.
Remember that DEX has a bright future in the market.
DYDXUSDT DESCENDING TRIANGLEHi Everyone,
Looks like the descending triangle here just broke to the upside. Good set up with nice risk reward here for who wants to follow.
If the set up fails and touches the SL we can re enter the trade in the support zone 2.
Let me know what you guys think.
Cheers!!!
Double Bottom at DYDX 💰Analyzing DYDX we are starting to see volume kicking in right now. Looking very very nice for DYDX to start breaking that $18.
As soon as we break through the resistance this will be a major support.
In my opinion it's very likely that we will be hitting ATH in the next few weeks, but the first target would be around $22.
Keep your trading simple guys, have exit targets, protect your positions ...
DYDXUSDT , We should buy buy buy because ...Hello everybody
Are you ready to start this amazing week for trading ??
In here we have new token of exchange DYDX
We analysis in technical and fundamental view and i will explain it for you traders to understand why we should buy it
In technical view :
After the token was came to market for trading we had upward rally and the price is going up to 28$ , 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
DYDX-USDT trade setup I think this is ready to start another leg up. RSI is going to break the bearish trendline, which is a sign of strength. Also, OBV stablished a bullish trendline. If it can hold the trendline and beak the bearish trendline, then we have confluent reasons for entering/adding to our positions.
Closing in on a pump to upside or a small drop in next hours Bullish scenario.
BB bands are squeezing tightly and going horizontally, signaling a move up or down at any moment.
Forming a bullish pennant or flag by shape, that could be bullish sign and signal the next leg to upside to 29$
RSI is kind of showing bullish divergence on hourly and 4 hour chart.
MACD levels on 4 hourly are really low, signaling it could move a bit up now.
Bearish scenario.
volume is getting lower.
RSI on daily is moving down signaling a bearish divergence. and MACD levels have crossed to downside, which is bearish.
180 day exponential moving average is located at around 19$ , and it has to touch it at some point.
So it is a possible drop to 18$ - Drop to 18$ is not that low and would be healthy and from there we could start moving up again.
I don't see it going any lower than that for now.
Hit a like if this is useful and best of luck to you all! Keep a positive outlook and have a great day! :)