dymIf the red box is broken, the next targets are the specified lines, otherwise, I am waiting for a buy step in the green lines.
DYMUSDT
DYM - A Strong reversal is in-progress#INJ/USDT #Analysis
Description
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+ After recent downtrend price has formed a strong double bottom pattern
+ We are seeing a strong reversal and price is expected to breakout from the resistance
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VectorAlgo Trade Details
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Entry Price: 1.656
Stop Loss: 1.129
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Target 1: 2.035
Target 2: 2.568
Target 3: 3.240
Target 4: 4.175
Target 5: 5.997
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
DYM/USDT PLAN DYM/USDT is showing promise for a breakout. In case of a successful breakout, a strong bullish movement can be anticipated. This is not financial advice, so please do your own research (DYOR) before making any decisions.
DYMUSDT Broadening Wedge!DYMUSDT (Day Chart) Technical analysis update
ASX:DYM price has been trading within a broadening wedge pattern for the last 180 days and is now moving towards the wedge's resistance for a potential breakout. If the price breaks this resistance, we can expect a strong bullish move in DYM.
Entry: After breakout confirmation on the daily chart.
DYM DYM / USDT
another coin that made non stop dumping since being listed on binance (similar to aevo)
Finally volume started to enter after breaking out giant falling wedge
The hope for these type of coins is here
DYMUSDT 4HDYM ~ 4H
#DYM Make purchases gradually within this support block, with a short-term target of at least 10%++
DYM/USDT NEW VOLUME INCREASEThe last data shows that DYM have the possibility to get a new volume trend in the coming time frames which will allow this coin to increase to higher targets.
By the chart, we did add some beta possibility targets.
There is always confirmations needed to follow the coin further.
DYM longDYM broke through the major descending trendline. The bullish movement to the resistance level at $5 is expected to happen.
#DYM/USDT#DYM
The price is moving within a bearish trend channel that was broken to the upside on a 12-hour frame
We have a support area at 2.50 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price 2.72
First target 3.74
The second goal is 4.30
Third goal 4.92
Trade Idea for Dymension (DYM) - Accumulation Strategy Dymension (DYM) is currently trading around $3.07. The token has seen a 6.67% increase in the last 24 hours, with a market cap of approximately $448.06 million and a circulating supply of 146 million DYM tokens.
Start building a position at the current price of around $3.07. This provides a strategic entry point given the recent price appreciation and trading volume.
Plan to accumulate additional DYM tokens if the price drops to $1.60 and further to $2.20. This approach allows for averaging down the entry price and taking advantage of potential market corrections.
Set take-profit targets at $5.50, $7.00, and $8.00. These levels are based on potential resistance points and historical price movements, aiming to capture significant gains as the market appreciates.
Dymension is designed to support Layer 2 networks known as rollups, which enhance scalability and efficiency. The platform leverages the Inter-Blockchain Communication (IBC) protocol for secure communication between different chains, making it a significant player in the modular blockchain space.
The recent price increase and substantial trading volume suggest growing investor interest. Monitoring ongoing developments and updates within the Dymension ecosystem will be crucial for adjusting the investment strategy.
Accumulating DYM at strategic price points leverages market volatility and the project's innovative approach to blockchain scalability. The phased profit-taking strategy aims to optimize returns while managing risk.
This trade idea is based on current market data and Dymension’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Dymension - DYMDymension has been in a bearish trend since it's release.
I expect bearish continuation as the chart shows...
Trend reversal is likely for $DYMAfter long price movement in descending channel, #dym #dymension looks like to have a W bounce in short term. Not financial advice.
dymIt has lost all valid ceilings and floors. In my opinion, it can reach the bottom of the channel and have an upward movement from there.
#DYM/USDT TREAD SETUP#DYM / USDT TREAD SETUP
In the 4-hour time frame, DYM has broken out of this falling wedge pattern and is currently bouncing after retesting this pattern. we can also see bullish divergences in the RSI.
Entry: Current Market Price (CMP) and add more up to $3.22
Target: According to the pattern, we can expect up to a 70% to 100% bounce in the price.
SL- $2.9
Remember to do your own research.
NFA
#Crypto
[DYMUSDT] - looks like a bottom!in 12h chart there is a descending channel pattern
price now reach the lower side of descending channel
targets is 10$ keep it in ur watch list👀
thanks and for more ideas like that hit "like" and "follow"🎯
DYM/USDT It need to bounce to continue upward movement!💎 Paradisers, #DYM has recently experienced notable market dynamics. Currently resting on the support area, #DYM requires a bounce to potentially resume its upward trajectory and retest the resistance trendline area.
💎 Previously, #DYM faced rejection at the resistance area, underscoring its significance. However, if #DYM manages to successfully break above the resistance trendline, it could signal a bullish momentum shift, paving the way for further upward movement towards our target.
💎 Conversely, if #DYM fails to bounce and breaks down below the key support level, it could indicate weakness and a bearish sentiment. In such a scenario, the price may continue to decline further.
DYM has broken above the triangleDYM has broken above the triangle, after the pullback it will continue to go up
🔵Entry Zone 5.999 - 6.156
🔴SL 5.644
🟢TP1 6.849
🟢TP2 7.468
🟢TP3 8.061
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$dym dymension's Falling Channel ASX:DYM dymension's price action is in a Falling Channel , also spotting a double bottom!
Current price: $6.15
Break down to bottom of channel will find supports: 5.33, 4.78 (buy the dip areas)
top of channel resistance: 6.9
A break above channel will lead to up #dym resistances: 7.7, 8.5, 9.2, 9.9, 10.7, 11.6
DYMUSD 12HDYM ~ 12H 📈
#DYM Make purchases gradually after successfully breaking through this resistance line, with a minimum target of 15%+ 📈
$Dym This analysis is for informational purposes only and should not be considered financial or investment advice.
The information presented in this analysis is based on my own research and is subject to change without notice.
The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair.
Please conduct your own research and consult with a financial advisor before making any investment decisions.
DYM/USDT in Perfect Position to Rally? 👀🚀DYM Analysis💎Paradisers, get ready as we spot an intriguing move with #DYMUSDT. It's nearing a critical support following a rejection at a formidable resistance. Maintaining momentum could highly suggest a rebound from this juncture, especially considering historical price actions where this support was respected four times, each leading to a vigorous bullish rally.
💎Currently, $Dymension exhibits a seller-dominated sentiment, marked by significant red candles indicating heavy selling pressure. Yet, we remain vigilant, biding our time to see how the price interacts with the specified support level before strategically planning our entry.
💎For the sharp-eyed trader, should the price of #DYM falter at this crucial support and descend further, our eyes will be set on a bullish resurgence from the subsequent demand zone. Given the liquidity, a strong probability exists for #DYM's rebound from this lower level, whereas dropping below could catalyze a substantial downward trend.
long DYMDYM broke through the resistance level and the descending trendline. Bullish movement to $8.71 is expected to happen next
DYM target 7.54h time frame
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DYM broke the downtrend line with a double bottom structure. Currently, DYM is retesting the neckline of this double bottom, this support works well so far. Furthermore, there are two ways to set up targets, the first one is set from double bottom, that is 7.5, the second one could be estimated through Fibonacci Extension, which is around 8.3~8.7.
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TP: 7.5 / 8.5
SL: 5.9
