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DYDXUSDTPERP

📊#DYDX may continue to fall based on the rising wedge pattern📉➡️After we rose based on the bottom double bottom structure, all the goals of the small long structure have been achieved, so the current callback is very reasonable. Given that there is still a large bullish structure, we will still be bullish in the big cycle.📈 🧠But for small cycles, we are in a short structure, making a healthy correction, and forming a rising wedge model during the correction (generally we fall according to this model). At the same time, I am also very much looking forward to the arrival of this decline, because when we pull back to the buy zone, the best buying opportunities will appear.💯✔️ ⚠️Note that if we continue to rise and break through the short defense point, it means that the short structure is destroyed, which means that we will continue to continue the bull power.💪 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
2
dYdX / US Dollar (DYDXUSDT) Token Analysis 11/09/2023Fundamental Analysis: DYDX (dYdX) is the governance token associated with the layer 2 protocol of the decentralized cryptocurrency exchange that shares its name. This token plays a crucial role in facilitating the operation of the layer 2 protocol and empowers traders, liquidity providers, and partners to actively participate in shaping the protocol's future as part of the community. Token holders enjoy various privileges, including the ability to propose changes to the dYdX layer 2 protocol. They also have opportunities for profit through activities such as token staking and trading fee discounts. Leveraging the StarkEx scalability engine from Starkware, the layer 2 solution on dYdX is specifically tailored for cross-margined perpetual trading. This scaling solution enhances transaction speed, eliminates gas costs, reduces trading fees, and lowers minimum trade sizes on the platform. As an open-source platform with smart contract capabilities, dYdX serves as a versatile ecosystem for users to engage in lending, borrowing, and trading various crypto assets. While the platform does support spot trading, its primary focus lies in derivatives and margin trading. Founded in 2017, dYdX secured over $10 million in seed venture capitalist funding and officially launched in 2019. The DXDY token's initial coin offering (ICO) took place on September 9th, 2021. dYdX stands as a cryptocurrency exchange that melds advanced financial tools with the principles of decentralization. The platform offers support for margin trading, a financial product that empowers investors to amplify their exposure to digital assets through leverage. dYdX offers two distinct margin trading options: isolated margin, allowing users to allocate specific funds for a trade, and cross-margin, which utilizes all assets held by a trader on the platform. Additionally, dYdX facilitates the trading of perpetuals, a type of futures contract without a predetermined expiry date. The exchange provides a maximum leverage of 25x on synthetic assets that have no expiration date. When users deposit funds into their dYdX accounts, they immediately begin earning interest, as their assets become part of a global lending pool dedicated to each cryptocurrency. dYdX ensures the security of lenders by requiring borrowers to maintain sufficient collateral in their accounts at all times. Borrowing on dYdX enables users to swiftly acquire any available asset on the platform by using their existing funds as collateral for the loan. Unlike automated market makers such as Uniswap, dYdX employs an order book architecture. dYdX's Layer 2 solution enhances network scalability by implementing zero-knowledge rollup technology, specifically zkSTARKS. This technology generates proofs while validating a batch of transactions off-chain. These proofs are then transmitted back to the blockchain, where they are verified by a smart contract. zkSTARKS allows for the offloading of resource-intensive computations from the mainnet without compromising decentralization. In addition to trading and liquidity provider rewards, dYdX introduces retroactive mining benefits, demonstrating gratitude to historical users and encouraging their continued participation on the Layer 2 protocol. Token holders can stake their assets in dYdX's safety and liquidity pools. The safety pool serves as a safeguard in case of a shortfall event, while the liquidity pool aims to attract high-quality market makers to the platform. DYDX is an ERC-20 token that has been deployed on the Ethereum mainnet. The layer 2 scaling solution utilized by dYdX is constructed on Starkware's ZK-STARKS technology, leveraging the Ethereum blockchain to validate transaction proofs. The DYDX token was initially made available for purchase in September 2021. Antonio Juliano, a seasoned programmer with a strong background in blockchain technology, serves as the Founder and CEO of dYdX. His foray into the cryptocurrency realm began in 2015 when he secured a position as a software engineer at Coinbase, a prominent cryptocurrency exchange platform. Holding a computer science degree from Princeton University, Antonio Juliano embarked on his entrepreneurial journey and established dYdX in early 2017. Zhuoxun Yin assumes the role of Head of Operations at dYdX. His prior experience includes positions at Nimble, a social sales and marketing CRM, and Bain & Company, a renowned consulting service. Zhuoxun Yin pursued his education at the University of Queensland, where he earned a bachelor's degree in commerce. Technical Analysis: We have applied Fibonacci retracement tools, extending from $0 to its all-time high (ATH) of $27.9. Within this analysis, we have identified potential support and resistance areas on the chart based on the retracement levels. In addition to the retracement levels, we have utilized Fibonacci projection tools to delineate additional potential support areas below the previous all-time low price. This projection is based on the most recent market cycle. Consequently, we have established three potential support levels at $1.4 or 95% and $1 Defined by Price Action and $0.5 defined by Projection of the past cycle. Furthermore, we have outlined three potential price targets using the Fibonacci retracement levels from the ATH cycle. These targets are anticipated within the next few weeks to months and are as follows: First Target Price (1 TP): $4.15 Second Target Price (2 TP): $6 Third Target Price (3 TP): $10.5 These levels serve as key reference points for our analysis, guiding our expectations for future price movements. Sentiment Analysis: Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels.
Long
by BitonGroup
Dydx Still struggling DYDX/USDT Timeframe: Daily The price of DYDX is currently following a rising wedge pattern on the daily timeframe. I anticipate that the price might decrease by around 20-40% from this point. However, it's important to note that these are just my expectations, and we need to wait for confirmation before making any conclusions. The initial sign to watch for is a rejection from the current level. If there's a rejection, our initial target will be the lower trendline of the wedge pattern. Furthermore, if the price breaks down below this pattern, it will provide even stronger confirmation that DYDX might encounter challenging times. Please remember that this is just a suggestion. Before making any decisions, it's advisable to conduct your own research and analysis. Best of luck, If you find our analysis helpful, please consider showing your support. Wishing you successful trading.
Short
by Crypto-By-Ghazi
DYDX – Long-Term Entry Point• In my previous TV idea, I wrote that DYDX has immense long-term price potential. • This long trade could be a swing trade or a position trade for the long term. • The prerequisite condition is that DYDX will breach the 2.15 USDT level resistance and flip it to support. • I think you will have to use your judgment about placing the SL because it depends on your time horizon. If you buy a spot for the long term or if it’s a swing futures trade. • Also, for the take-profit point. If you are buying for the long term maybe you should forgo TP1 and TP2. Trade Idea: • Entry: 2.15 USDT • SL: 1.98 USDT • Target: 3.13 USDT (initially) • TP: 2.43, 2,69, 3.13 USDT
Long
by NewThoughtCrypto
DYDX Final Stages of Accumulation. 17X PotentialTLDR: • DYDX Adheres to an almost perfect Wyckoff accumulation schematic. • I think it’s a good idea to hang on to the coattails of such a Market Maker. • I estimate that DYDX can reach the 1.618 extension, 37$ at the final phase of the bull market. Preface: • Before we proceed, you must understand that in reality assets don’t follow a picture-perfect accumulation schematic. If you read books such as the “Three Skills of Top Trading” and you wish to apply that knowledge, you have to use discernment. If trading was as easy as technically applying an accumulation schematic to a chart, we would all be millionaires. • Having said that, DYDX follows a fairly easy accumulation schematic, and I am reasonably certain it is a possible 17X if you choose to buy and hold until the final stages of the bull market. The DYDX MMs know their business! Phase A, setting the Range, May 2022 – September 2022: • Selling Climax: In June 2022 DYDXs’ markdown phase was over. DYDX made its range low at the 1$ level. • Automatic Rally: After the panic selling was over, DYDX immediately recovered and set the range-high at 2.7$. • Secondary Test: After the recovery, DYDX retested the range-low at 1.107$. Phase B, Consolidation, September 2022 – February 2023: • Phase B is the consolidation period. During the consolidation phase, the MM tests the extremes of the range to gauge the levels of supply and demand for the asset. This phase includes bull and bear traps to shake out the weak hands and take over the supply as much as possible. Phase C, final shakeout, February 2023 until the present. Phase C begins after the Market Maker already took over the lion’s share of the supply and the asset is ready to move away from the range. This phase includes: • The Spring: In this phase, price will perform a sharp move lower, possibly making a lower low. The purpose of the spring is to cause uninformed traders to believe that the market is bearish and sell. Then, the MM moves prices sharply away from the lows. • It is a common conception that this phase has to include a lower low. However, it doesn’t have to be. You should look for a spring failure pattern and a move up towards the range high. • Sign of Strength: Price moves higher with increasing volume to test the range high and possibly beyond. Phase D, Breakout, and retest of the range high as support: • Phase D is yet to come. If I will see that you people are interested, I will update you. Feel free to press boost Price Potential: • I think that in a bull market DYDX can make it to the 1.618 Fibonacci extension easily, hence the 37$ target. Of course, this is long term. NFA. What do you think? Please share in the comments. Best wishes.
Long
by NewThoughtCrypto
DYDXUSDT DAILY : GOOD situation (spot)Hi Guys hope you well, After a good climb and an correction in the price, we are slowly approaching the good demand area. We have two scenarios ahead. I expect that we will first go up and then enter the golden demand zone in the daily time. SecondChanceCrypto ⏰13/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Long
by Secondchancecrypto
2
DYDX update, is market crash near?Hello traders, I am expecting a drop from current zone, by breaking the price of 2.28, and first target will be the FVG box as I have indicated in the chart... we can clearly see bearish flags on most of crypto coins currently, and I think we will have a market crash from alt coins, so you should trade carefully and do not enter the market without marking a confirmation... as for BTC, I think last target will be the market bottom which is 16k, and if it hits 16k again, it will be a DOUBLE BOTTOM, we will see a nice bull market then... I don't really work with patterns anymore, but if DOUBLE BOTTOM is formed, it'll be a good sign for bull market... and I don't think that we will have more growth yet from DYDX, unless the price of 2.78 is broken, I mean the EQUILIBRIUM area.. so we're currently trading in a range which is 2.28 - 2.78... enjoy trading, trade carefully <3
Short
by rawayoussef0
Where to buy DYDX ?The trade for DYDXUSDT that we brought to your attention at the end of last year is still relevant and shows a profitability of more than 100%. However, given the fact that a new Fed rate will be announced today, market volatility will increase (and that's putting it mildly :) So, if you are interested in investing in DYDX, we suggest taking into account the following buy levels: $2.24 $1.94 $1.66 They can fill all orders, or partially, we can't guess) The selling zone in the medium and long term is in the range of $6.25-8.00 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
34
DYDXUSDTPERPThe comments and recommendations contained therein are based on the personal opinions of those who comment and advise. These views may not be appropriate for the financial statements and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır. Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.
Long
by MeroLaika
1
DYDXUSDT Triple Bottom!What is the triple bottom? The triple-bottom reversal pattern has three roughly equal lows and indicates an opportunity to take a bullish position. Before the triple bottom occurs, the bears are usually in control of the market, forming a prolonged downtrend. The first bottom does not indicate anything out of the ordinary. Still, the second and third bottoms show a change in direction where buyers (bulls) may push the price action higher after the price breaks through the resistance. Dydx is currently trading at 2.89 The DYDXUSDT has broken its triple bottom resistance line after 8 months of ranging market, indicating a strong bullish sentiment. and you can see high trading volume in the daily chart, expecting a potential up move. Thanks Hexa
Long
by HexaTrades
4
DYDX price at a critical point, then "make it or break it"The DYDX price is now at a critical point On the one hand, the DYDXUSDT price is at the bottom of the trade that lasts for the last 6 months This price gives a good entry point for a medium-term trade +130% to $2.72 or a long-term trade +480% to $6.84 Stop for both positions below $1. The profit/loss ratio is more than adequate. What part of the deposit to buy DYDX, for the medium or long term and whether it is worth buying at all depends only on you and a little more on the market) This was the positive side of our analysis . On the other hand , the trend of DYDXUSDT will change only after the price consolidates above $2.72. And this may not happen, because on 17.01.23, 5.7 million coins are to be sold, which will be 0.57% of the maximum possible supply of DYDX and +4% to the current number of coins in circulation. And from February 2023, investors, consultants, and other early participants of the project will acquire ownership of DYDX, and we are talking about 100+ million coins The increased supply of coins on the market, according to the law of supply and demand , can significantly push the price down. The closer the DYDXUSDT price will approach $1, the higher will be the chance that the fall to $0.58 will not be avoided, and with it the development of the red scenario. For some, this will sound like a total negative, and for others as a chance to buy at a more favorable price. Earlier, in early November 2022, the price of DYDXUSDT showed a sharp increase from $1.20 to $2.72 in a week. During this period, there was a lot of negativity around the FTX exchange and its subsequent bankruptcy. It is very likely that then crypto users transferred assets from centralized crypto exchanges to decentralized DYDX. It is difficult to predict what will happen this time, but the only thing we can control in the crypto market is the risks we are willing to take on a personal deposit. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
Dydx price targets before unlock BINANCE:DYDXUSDTPERP ✅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. Watch this potential plan before unlock coins at the beginning of February Possible Targets and explanation idea ➡️We trade over 230 days in an accumulation range. ➡️Before massive unlock coins at the beginning of February whales can pump #DYDX because they need liquidity to sell ➡️On weekly chart we formed 2 bottom and targets is 0.5 lvl and 0.78 lvl ➡️ After this level and unlock we can see pull back down again to main support level 2.70 - 2 $ per DYDX ➡️ Most hyped price when we can see FOMO on DYDX is 10-11$ ➡️ Its just local picture for middle term targets 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"!
Long
by Crypto4light
2
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 ✅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 ➡️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 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"!
Long
by Crypto4light
DYDX correction to 5.20$BINANCE:DYDXUSDT Dydx now underrated. Where ill start buy Dydx again? Where ill take a profit on local correction? And why Dydx can pump to 5.20$? ✅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 ➡️Fib since drop in April. ➡️Perfect call to sell by "Trade On" indicator ➡️Accumulation phase between -0.18 and -0.618 levels ➡️Forming lower low in June and took liquidity. Correction to drop can be at least to 0.5 level by fib 5.20$ ➡️2 signals Strong Buy in May and June ➡️Rejected at "Take profit" line. If we capitulate one more time we can drop to 1.05 (now its a "Buy line") 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"!
Long
by Crypto4light
400% growth DYDX price is real, but there are several conditionsThe DYDXUSDT price is starting to show "signs" that buyers are trying to push it off the bottom. The downtrend has been going on for exactly a year, at the beginning of last October the price high was set around $28 for DYDX, and the low was $1 on June 22. At the moment, the medium-term target for the growth of the DYDX price is in the range of 6-7 dollars. - But before that, DYDX buyers need to break through the red downtrend line and fix the price above $1.70 - The next important stage that buyers and enthusiasts of DYDX will need to overcome is to break through and consolidate the price above $3. It will be difficult and at the same time very important, because $3 was the starting point of DYDX trading and this is a kind of psychological breakthrough and belief that the price can grow again. - Only after these two conditions are met, it will be easier and more encouraging to think and believe in growth to $6-7 for DYDXUSD. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
25
DYDX: BEARISH EXPANDING TRIANGLE.Hello guys, here's a trade setup on DYDX in 4 hours TF. DYDX looks good for shorts. It is forming a bearish expanding triangle with the current price close to the resistance. If it plays out accordingly then we can expect a -30% drop. Best entry: $2.137 to $2.273. Stop Loss: $2.464. Targets: $1.914 $1.834 $1.755 $1.686 Note: DYDX is currently at the 21 MA support ($2.04) and if it breaks down below it then we can the short position. Be watchful and do not FOMO. You can use 5x to 10x lev with the SL.
Short
by Dexter_The_Trader
2