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DYDXUSD trade ideas

DYDXUSD broke above its 1W MA50, one last Resistance remaining.DYDXUSD broke on Jan 27 above its 1W MA50 (red trend-line) and by the looks of it will most likely close above it today for the first time. That is a major technical bullish break-out but at the moment not enough on its own to signal a bullish trend change. The level it needs to break is the 2.7300 - 2.8600 Resistance Zone, which has been holding since May and has basically formed the Accumulation Phase of DYDX during the bottoming process of the Bear Cycle. A break above it should eventually target the 7.15000 (April 04 2022) High on the long-term. A rejection could take us back to the 1D MA50 (blue trend-line) to test the buying pressure. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:DYDXUSD
by TradingShot
Short DYDX DYDX has bounced from the weekly support. However, it is showing the weakness at the local trendline resistance (in blue). Moreover, when looking at its 1W TF chart (see screenshot below), prices had lost the wickless weekly trenline (the lower one of the descending channel). This one has become a resistance (seconde one, along with the blue trendline on 1D TF). In my opinion, one could consider to short DYDX as setup shown in chart. Targets: levels of trend-based fibo SL: above the EMA 50D Invalidation would be: weekly close above the wickless weekly trendline with some strong signs (big buy volume for examble)
BINANCE:DYDXUSDShort
by evasivesteering
1
DYDX is back to potential buy zoneLast time, DYDX trade had reached the 100% target (see link below in Related Ideas). Since then, DYDX has continued to decline and its prices are back to the weekly support area. One reason was that the hype on DEXs didn't last long (after the fall of the CEX FTX). We can see that it's still soon for CEXs to get a sustained attention from long-term investors. In my opinion, it is an interesting moment to keep an eye on DYDX for both short-term trade and long-term hold.
BINANCE:DYDXUSD
by evasivesteering
4
RLinda ! DYDXUSD-> The price is in the risk zone. Up or down? DYDXUSD forms a strong momentum from the local bottom at 1.4633. The price reaches the channel resistance 1.7546, after a false breakdown of the upper boundary the price moves into the consolidation phase. The price enters the risk zone, if the DYDX overcomes the zone of 1.73, the potential to 1.819 - the peak of the volume according to the profile of the indicator will open. At the moment, the coin shows a confident growth mood. But, provided that the price forms a pullback and returns to the channel resistance and consolidates under the upper boundary, the price will continue to be in this range, in which case the price can fall to 1.4592 Regards to R. Linda!
BINANCE:DYDXUSD
by RLinda
24
DYDXUSD staging a complete bullish reversalDYDXUSD is on a strong green candle on the 1D time-frame that hit the 1D MA50 (blue trend-line). A break above it will make a strong reversal case on the long-term as after that, the last barrier to break would be Lower Highs trend-line 3. Basically this is a bullish reversal on its last stage as we can claim that since February 24, DYDX has made a Triple Bottom formation and is on a 1D RSI Bullish Divergence, which is on Higher Highs and Higher Lows as opposed to the price action's Lower Highs and Lower Lows. The LMACD is close to a Bullish Cross and a break above the Lower Highs 3, would put the coin inside the Break-out Zone, which would make it a confirmed Buy. After that, and despite having to overcome the 1D MA200 (orange trend-line), DYDX should gradually start filling the 0.5, 0.786 and eventually 1.0 Fibonacci levels and those are our targets on the long-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:DYDXUSDLong
by TradingShot
depth seeker.dydx is a solid exchange, one of my favorites. but because it is so new, market maker is going to try to do their best to get the best possible deal before they run this bad boy up into the heavens. --- once btc completes this larger frame correction, dydx will be one of my top picks. --- longer term target for this gem sits at around $100, but not before a deep dive to where it all began. possible it even takes out the lows to invalidate the potential for this 1-2. a break of the lows would be my ideal scenario tbh - to get it for the lowest possible price in an area most would absolutely fear buying. --- how low this goes depends entirely up to what btc wants to do from here. --- best of luck 💸
BINANCE:DYDXUSD
by notoriousbids
3
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. ---- 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.
FTX:DYDXPERPLong
by notoriousbids
1
DYDX curved channel and trajectoryA second attempt to guess DYDX with few data on sight. My previous chart missed the trajectory and I wouldn't say this chart has a high reliability. Let's see how time unfolds on this one MAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
FTX:DYDXUSD
by heroselohim