DYDX curved channel and trajectoryThis is my first draft of DYDX curved channel.
Looks like it's about to begin a BULL run. I'll keep this one simple for now, but my attempt was to convey the bottom price for it.
Given that there is not much historical data, this was the best I could draw.
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.
DYDXUSD trade ideas
DYDX to $58? | #DYDX #LongHello Padawans,
First of all, do not take this as a piece of financial advice.
Personally, I liked this project, not because of an exchange token, it's more than that.
They provide Defi with future contracts to Defi lovers. It is very simple, No KYC, just connecting the wallet and then you can long or short.
The total and max supply is 1Billion.
Still has a 6% circulation.
Marketcap is around $1Billion.
I see this DYDX as a strong DEFI project.
My first target after breaking this falling wedge is 27, then 38.
2.618 Fib level is around $54.
Let's see what will happen next.
Cheers!
May the force be with you!
dydx 10-13 updatemorning,
dydx continues to consolidate up here, which is extremely bullish in my eyes
it's currently entered into a 4h tf squeeze, and i do think it fires off strongly to the upside soon
$34 is my target for wave 5, but it could certainly go higher if the market conditions allow for it to expand ~
dydx w5 swing~not much data to work with, but with what we have right now i am projecting a $34 target for the assumed wave 5
possible it comes down to $19.5 before the run begins to retest the previous channel, in confluence with the 0.382 algo target.
i've got a starter position here, and i'm willing to add more if need be.
DyDx Decentralized exchange This is next generation decentralized exchange coin has a big potential for massive growth. As the hyperbitcoinization is happening all over the world some goverments fighting against the crypto. As we know China banned BTC again. It was probabyl 40 times :D :D
So traders and crypto investors are moving to the decentralized exchanges as the DYDX. I expect big grownt to the 200 per coin.
Not investment advice. Good Luck
Dave
DYDX: Round 2?DYDX gives 0 f*cks about market conditions. If I were expecting more upside (which I am) I'd be looking to accumulate in the red demand zone down to $16 with profit targets of $29, $31 and $33. May take a week or two of accumulation after a pullback, but its debatable how low we will go since everyone on Twitter is talking about it, volume has gone crazy, and last but not least, the product is awesome. Not financial advice, DYOR.
DYDX – Moonshot to $50? DYDX – Moonshot to $50?
There has been plenty of talk about DYDX lately, and for good reason.
-EMAs have crossed up
-Price has broken through resistance and retested the area, flipping it to support.
-RSI is increasing
-OBV has broke through resistance
-Price is in discovery so we will use fib extensions to generate targets
TARGETS:
1) 28.14
2) 30.732
3) 50.324
Your risk, your reward. This is not financial advice.
Happy trading.
Time to SHORT DYDX, for now.DYDX is too new for any Daily chart analysis, so the next best thing is a 4H.
I don't often use EWT, mostly because I can spot a 5 count in everything, and it feels very subjective, but let's see how this thesis holds up.
Using my Confluence indicator (not public), DYDX reached somewhat of a clear Top on a HTF. Logically I want it to have a smooth ride down Wave #4, but as per textbook rules, if it goes below peak of Wave #1 or below Fib 0.382 ($18.3), the entire structure is invalidated and back to the drawing board.
My SHORT target is towards $18.3 (Fib 0.382)
If that works out, I expect to enter a LONG towards R1 $22.9 and then R2 $27.3
I trade on FTX so naturally charts are a bit different on Binance Futures and Spot, adjust targets accordingly. I also trade with x1 Leverage, because it's not a race
p.s. I see mixed signals on a 1H chart, if you enter a trade, keep a close eye!
BINANCE:DYDXUSDTPERP
FTX:DYDXPERP
DYDX $25 Near Term, $100 LongDYDX is forming a nice wedge, bouncing off of higher lows. Fundamentally speaking, this project is strong with trading volume and liquidity knipping at the heels of centralized exchanges. DYDX could be the most asymetric play in crypto given the macro factors at play like increasing regulation and limited options for leverage. Even with BTC dumping DYDX has recovered strong each time. Compared to trading on uniswap on ETH mainnet, fees are a joke for trades once you bridge over to Starkware L2. LONG DYDX.
DYDXSo I’m always fake flexing huh? I just got one question for all my haters out there. Where am I and where are you? I’m out on rodeo drive shopping for a rolls Royce in my $600 beanie , $500 belt, $200 Nike air maxs. And don’t let me remind y’all about my 14 bank accounts . Again where am I . And where are you?