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Dynex / USDT

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DNXUSDT trade ideas

DNXTechnical Analysis for DNX/USDT - Key Retest and Support Zones The DNX/USDT chart indicates a descending channel pattern, suggesting a prolonged consolidation phase. Key levels to monitor for potential retests include: Support Zone at the Lower Trendline: The price is approaching the lower boundary of the descending channel, which has acted as a strong support level in the past. This zone could serve as a pivotal area to test the trend's strength. Horizontal Resistance Zone: A retest of the highlighted orange zone above the price could indicate whether the trend is preparing for a breakout or continuing its downward trajectory. The RSI is currently neutral, suggesting a balanced momentum. Observing these retest areas will provide insights into the strength of the support and the potential for a breakout from the descending channel. 💡 This analysis is for informational purposes only. Each trader should consider other factors and conduct personal research to make informed decisions.
Long
by gimferati
DNX/USDT: Bottom Formation with 3-Wave 111% ExpansionHere's a professional TradingView analysis for Dynex/USDT: DYNEX/USDT Analysis - Potential 111% Growth Setup Pattern Setup: • Bottom formation confirmed at 0.215 • Triple target structure identified • 4H timeframe showing reversal signals Key Price Levels: 🎯 Entry Zone: 0.2150-0.2200 🎯 TP1: 0.3250 (+50%) 🎯 TP2: 0.4000 (+80%) 🎯 TP3: 0.4750 (+100%) 🛑 Stop Loss: Below 0.2000 (-8%) Wave Structure: 1. First impulse targeting 0.32 zone 2. Second wave aiming for 0.40 resistance 3. Final wave projection to 0.47 area Volume Analysis: • Declining volume in downtrend • Potential accumulation phase beginning • Watch for volume confirmation on breakout Risk Management: • R:R Ratio for TP1: 1:6.25 • R:R Ratio for TP2: 1:9.5 • R:R Ratio for TP3: 1:13.9 Key Invalidation Points: • Break below 0.20 invalidates setup • Weekly close below entry zone cancels pattern • Failure to break TP1 requires position review Trade Management: 1. Scale in: 0.21-0.22 zone 2. Move stop loss to break even after TP1 3. Trail stops for remaining position 4. Take partial profits at each TP Timeframe: Position duration expected 4-6 weeks into early 2025 Note: This forecast based on technical analysis. Always manage risk appropriately and DYOR. #Crypto #DYNEX #USDT #TechnicalAnalysis #Trading
Long
by Supachai-Taechapisit
DNX Is Flipping $0.4 Resistance Into Support Yooo everyone, it's been a while since I last posted on TradingView! I've been super busy and very active on X lately. Today, I’m going to analyze a special and unique coin called Dynex. DNX is the first Quantum Computing coin, capable of computing without limitations. It can solve real-world problems and uses a new mechanism called Proof of Useful Work (PoUW). That’s a brief overview of the fundamental analysis part, but today, I’ll dive deeper into the technical analysis. 1) Over the last 2-3 months, DNX has formed an Elongated Rectangle pattern. As we know, when we see an Elongated Rectangle pattern, the daily volume usually drops by about half, and the price gets stuck within the rectangle, bouncing from bottom to top. This often continues until investors hear some news about the coin, making them excited to jump onboard again. Recently, we had a major presentation about DNX's future plans and roadmap. Here are a few key highlights from the presentation: A Venture Capital (VC) firm with $50 million in capital has invested in DNX. DNX is developing a Silicon Quantum Computing Chip. Let me remind you, DNX currently has a market cap of only approximately $40 Million. With the addition of $50 Million from the VC, the demand for DNX is likely to rise significantly. 2) On September 26th, DNX attempted to break out from the $0.40 area, but after an instant rise to $0.45, the buyers didn’t have enough strength to flip resistance into support. This was followed by a drop back to $0.30, which is known to be the strongest horizontal support zone. Buyers are heavily protecting this level, and like before, DNX once again bounced significantly from $0.30, reaching up to $0.48. This time, the volume has increased dramatically, from 300K to 1.5M, indicating that more buyers are on board. With this increase in volume, there’s a higher chance we might finally break through the stubborn $0.40 resistance zone. After forming the recent $0.48 peak, as with every breakout, we need a retest for final confirmation. Currently, buyers are working to convert the $0.40 rejection zone into support. It’s likely we can hold this level and push the price higher. Additionally, the Fibonacci 0.61 area perfectly aligns with the $0.40 resistance zone, meaning we could see a bounce from $0.40 and finally switch it into support. 3) Target Update: Currently, DNX is expected to reach $0.60 in the coming weeks. The rectangle pattern target also aligns with approximately $0.60. This level is extremely important because it represents a 1-year horizontal accumulation zone around $0.60, which is now acting as resistance. If we manage to break out from $0.60 and reclaim our previous accumulation zone, holding it for 1-2 weeks, we can aim for the previous ATH of $1.40 and potentially break it as well. Thanks for reading my FA and TA analysis! If you enjoyed it, hit the like button and follow me for more updates!
Long
by odbashWizard
DNX/USDT in Perfect Position for Bullish Reversal |🚀 Be Ready💎Paradisers, let’s zoom in on #DNXUSDT. It’s showing signs that it might start to increase in price from the current support level. 💎What’s Happening with $Dynex? After moving out of a downward trend, $Dynex is at a point where it could start to challenge the resistance at $0.933. The trading volume is low right now, but if it starts to pick up at the support level, $0.689, we might see the price begin to climb. 💎If #DNX falls below its current support level, we may need to look for a rise from the next support level at $0.555. If the price doesn't manage to start an upward trend from this point, it means the price will continue to drop. 💎It’s important to keep an eye on $DNX and be ready to change our strategies as the market changes. Stay sharp!
Long
by MyCryptoParadise_Simon
6
Will DYNEX form a 5-wave Elliott wave structure?Hello everyone! Last time I did a review on DYNEX, I mentioned that I expected a correction after a strong rise to around $0.85-1.02, and then I anticipated a continuation of the upward movement of the asset. However, it didn't quite turn out that way. After the correction to $0.85, the asset continued to decline to around $0.63, and there were further price drops below $0.50. After that, the asset entered a sideways movement with higher daily highs. Now, I suggest considering the following scenario for price development. On the weekly chart, it can be assumed that a 5-wave Elliott wave structure is forming. Confirmation of this would be the continuation of the asset's rise in the near future. If the asset continues its sideways movement, then this idea becomes invalid. All targets are shown on the chart. This is not financial advice; everything you do is at your own risk!
Long
by TradeMyIdea
DNX Further Vision is $3Hello everyone, today I'm going to analyze one of the coins that have a further conception, multiple utilities, and a strong infrastructure, it's called DNX. 1) DNX has been stuck in this Elongated trading range for a few months. Within this range, we have both support and resistance levels, along with a midpoint. 2) Wen we first time, tried to breakout from $0.75 range, we got rejected! after second try, DNX successfully breakout from $0.75 range, and rise up to $1.2, and got rejected again from $1.2 zone, and pullback to previous rejected zone $0.75, and trying to establish there. So after few tries price got nice support zone at $0.75, so we converted $0.75 rejection zone into acting support. 3) We've accurately measured the ABC Flat correction. Currently, it's evident that points A and C are the same horizontal level, and there's been a bounce from this zone. This confirms that the trend momentum has already shifted towards the upside, and the Flat correction has also performed as expected. 4) We've been effectively using the MACD indicator in this analysis. Observing the MACD Histogram approaching the zero level indicates a potential shift in momentum trend. Additionally, the 12-day and 26-day EMAs of the MACD lines have already crossed each other, that's mean we got great opportunity for future growth phase. 5) Completing this analysis, we have so much potential, for upcoming weeks we will see healthy growth, and wen we breakout from this Rectangle resistance level of $1.20, our further target is $3 per-DNX. Hit the like button and subscribe if you liked this analysis :)
Long
by odbashWizard
DNX Price Surge Alert! 📈 - Your Path to Wealth Starts Here" **Fundamental Analysis** DNX coin is a decentralized cryptocurrency that is based on the Ethereum blockchain. It is a fork of the MakerDAO platform and is designed to be a stablecoin that is pegged to the US dollar. DNX coin is backed by a collateralization ratio of 150%, which means that there is $150 worth of collateral for every $100 worth of DNX coin in circulation. This collateralization ratio is designed to help to maintain the stability of the coin's price. DNX coin is used as a medium of exchange, a unit of account, and a store of value. It can be traded on a variety of cryptocurrency exchanges, and it can be used to purchase goods and services from a growing number of merchants. **Recent News** DNX coin has been in the news recently for a number of reasons. In October 2023, the DNX Foundation announced that it had partnered with the MakerDAO Foundation to develop a new stablecoin platform. This partnership is expected to help to further stabilize the price of DNX coin and to increase its adoption. In November 2023, DNX coin was listed on the Binance cryptocurrency exchange. This listing is expected to make DNX coin more accessible to a wider audience and to increase its liquidity. **Disclaimer** The information provided in this document is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions. **Additional Notes** * DNX coin is a relatively new cryptocurrency, and its price is still volatile. * DNX coin is not a security, and it is not regulated by any government agency. * There is a risk that DNX coin could lose value or become worthless.
Long
by MoonTradingForecast
DNX Is Going Straight To $1.5! DNX Holds 24% Of All GPU Mining👀Hello everyone, today I'm going to analyze one of the fundamental coin, which holds 24% of all GPU mining power. It's called DNX. 1) On the daily chart, we have formed an Ascending Triangle pattern. It's not a perfect ABCDE wave movement, but it's not bad either. Recently, we broke through the resistance level of $0.95 in the Ascending Triangle pattern and rise approx $1.20. We later retraced back to the previous resistance level of $0.95, and currently, the price is stabilizing in the range of $0.95 to $1. If we can successfully convert the previous $0.95 resistance level into a support level, we may see some sideways movement before a potential upward trend that could bring us to the Ascending Triangle target of $1.50 per coin. 2) I mentioned a downward trend marked by a red line. When the price broke out of the downtrend line, we was rise little bit and then saw some sideways movement. After this consolidation, we began to establish Higher-High and Higher-Low, and downward movement was finished. Currently, we are in an upward phase, characterized by each successive Low being Higher than the previous one. 3) We also have a diagonal support line, and it has been holding up well. The price has bounced off this line two times already, and currently, we are seeing the third bounce from the upward trendline. If this bounce hold, we may see some nice price action. 4) DNX on the daily chart have a bullish Divergence. On the RSI indicator, we see a Lower-Low, while on the price chart, we see a Higher-Low. It's a good sign too. 5) RSI is also holding steady in the 50 range, showing some strength. 6) On this analysis, the target for DNX is $1.5 per coin in the short term. For the long term, it has the potential to reach $3 - $5 per coin by the end of the year. If you find this analysis is helped you, please hit the like button and subscribe me :)
Long
by odbashWizard
🌟 Unveiling Lucrative Crypto Insights with @LuciferCryptVIP📊 **TradingView Analysis by @LuciferCryptVIP** **DNX/USDT Short Setup Analysis** 📉 **Support and Liquidity Swap Levels:** - Buy Zone: 0.820 - 0.738 - Strong Support: 0.738 📈 **Resistance Levels:** - Resistance 1: 0.952 - Resistance 2: 0.980 🎯 **Potential Targets:** 1. Target 1: 0.818 2. Target 2: 0.778 3. Target 3: 0.736 4. Target 4: 0.687 5. Target 5: 0.648 📌 **Current Price: 0.950** 📊 **Technical Analysis:** - DNX/USDT is currently approaching a significant resistance level at 0.952. - The price consolidation suggests a possible upcoming price action. - The strong support at 0.738 is vital for evaluating reversals or continuations. - Multiple target levels provide traders with progressive profit-taking opportunities. - Employing proper risk management and stop-loss strategies is crucial. 📈 **Trade Idea:** - **Short Position Entry:** Consider initiating a short position upon a confirmed breakdown below the strong support at 0.738. - **Targets:** Plan exits at 0.818, 0.778, 0.736, 0.687, and 0.648. - **Stop-Loss:** Set a stop-loss above the resistance level at 0.980. 🚨 **Risk Warning:** Trading involves substantial risk and might not be suitable for all investors. Adequate risk assessment and management are imperative. This analysis is meant for educational purposes and is not financial advice. Conduct thorough research before making any trading decisions. Good luck! @LuciferCryptVIP 🌟 (Note: This analysis is not financial advice. Please conduct your own research before making trading decisions.)
DShort
by NebrasChart
DNX IS READY FOR PARABOLIC TRENDSince his launch on September 2022 DNX is making ATH after ATH in the current crypto bear-market. It looks like the coin is now entering in parabolic phase. People are starting to realize the incredible strength of this project. My biggest conviction this year. Still very low caped (less than 40M). We just popped out the ascending channel and retrace on it. If the support is confirm we will see parabolic growth in the coming days/weeks. Be prepare. Disclaimer : As always i'm not a financial advisor and this his an highly speculative view. DYOR.
Long
by KassandrA_dotcom
3