DYDXDYDX is making higher highs, but I have doubts because there is also a bearish divergence.
The price is likely to fall soon.
DYDXUSDT trade ideas
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move.
✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price.
🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile.
🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels.
📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin.
💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards.
🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Perfect Cup and Handle formed on a Weekly Chart. BULLISH!DYDX, aside from the wave of moving into what crypto is supposed to be “decentralized”….This chart screams bullish with no intent to stop once it rips. You can see a beautiful cup and handle formed and this accumulation has been like this since February of 2023….if you go back further the first wave of accumulation started in may of 2022… Volume on the handle that started forming in Nov 2023 has now gradually went down and is a great sign that selling pressure is exhausted/coming to a end and we can expect whales to pump this thing up from here.
DYDX Rally continuationI think that the rally for DYDX is not over yet. I expect a continuation till at leat weekly resistance at $5/$5.5. A close above 3.94 will confirm the setup. Invalidation will be a break below $3.00
DYDX: Poised for a Breakout After 651 Days Below $4DYDX: Poised for a Breakout?
DYDX has been on a tear lately, breaking above the $4 resistance level for the first time in over 651 days. This is a significant technical development, as it could signal the start of a new uptrend.
Volume is also increasing, which is another bullish sign. This suggests that there is strong buying pressure behind the move.
The RSI indicator is also nearing overbought territory, which could lead to a short-term pullback. However, if DYDX can break above this level, it could be off to the races.
A parabolic trendline can also be drawn, which further supports the case for a bullish move.
Overall, the technical picture for DYDX is very bullish. A break above $4 could trigger a significant rally.
Traders should watch for a break above $4 and increasing volume to confirm the breakout. A stop-loss order can be placed below $4.50 to protect against losses.
DYDX about to be sent soon DYDX / USDT
Price in accumulation for more than 600 days
It tries to make new higher weekly close since Nov2023
(Still 24h before the closing)
This one is testing patience but soon the move will worth all the patience
Alikze »» DYDX | Ready to defeat the dynamic triggerAccording to the previous post after the target touch. Currently, with the support of zone 3.13, it is possible to break the dynamic trigger and advance to the first supply zone, after which it will be able to reach the next supply zone. But according to the type of behavior and structure, higher floors and ceilings, and rising guard, it is ready to defeat this trigger.
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DYDX still not late to buyDYDX - breakout soon
For DCA use Green lines
Grey are targets
You can buy on Spot or Low Lev Long
Don't forget to Manage your Risks
DYDX/USDTBINANCE:DYDXUSDT
This idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 1% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.)
DYDX - BUY SETUP (FEB 2024) DYDX - BUY SETUP (FEB 2024)
This token is in a buy zone, indicating the potential for an upward trend.
#DYDX #DYDXUSD #DYDXUSDT #Short #ShortSetup #Eddy #DYDX #DYDXUSD #DYDXUSDT #Short #ShortSetup #Eddy
We are in profit for more than 60% of the growth of this currency, it seems that there will be a correction from here and if the conditions and market confirm, I will enter the reverse trade from here. Please keep an eye on Bitcoin and indices including Total 2 and Tether chart. Do not enter into the transaction without obtaining the necessary approvals.
The reason for the decision for short transactions is the analysis of the market, Bitcoin and Tether charts.
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(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of #Bitcoin from the link below :
My #Analysis of #USDT "Tether Market Cap Dominance" from the link below :
[DYDXUSDT] - Awaiting for great targets🔥
🔸monthly chart shows a huge accumulation of cup & handle pattern (641d) confluence with a
0.382 fib level.
🔸many attempt for breakout has occurred
🔸it's matter of time for a bullish rally.
dont forget to support us with ur like, comment and follow for more updates🎯
DYDX offers an impressive profit potential of +850%The BINANCE:DYDXUSDT pair is exhibiting a notable resurgence from its support zone, indicating a prevailing bullish sentiment. While a minor correction remains a possibility, its likelihood appears diminished. Nevertheless, it's prudent to maintain a Dollar-Cost Averaging (DCA) strategy, with a focus on a threshold of 2.0 in the event of a price reversal.
Should the current upward trajectory persist, the forthcoming resistance level is approximately $5.00.
Entry Price: Presently hovering around $2.79, with additional DCA consideration at $2.00.
Targets:
1. $3.50
2. $4.45
3. $8.56
4. $11.87
5. $14.76
6. $26.68
Stop Loss: $1.76
This trade presents a favorable opportunity, boasting significant profit potential.
Best regards,
DYDXThe price of Dydx has broken out from the trendline, suggesting a bullish movement. Therefore, I have taken a long position based solely on the breakout. I have also set my stop loss below the breakout candle as a precautionary measure.
Dydx outlook, it is about to pump ⛽ As DYDX breaks out from the trendline, it seems like a good opportunity to trade it with a high reward-to-risk ratio.
Chart Pattern Analysis Of DYDX.
In month chart,
It is a potential bullish triangle pattern,
It seems that the candles is breaking up the upper limit of the pattern.
At the same time, the DYDX/BTC is also at the bottom.
So, I bought it today.
In day time chart,
K0 is fake down action,
And then K1 break up.
The small scale double top pattern was reversed immediately.
K0 to K1 is a bullish morning star pattern.
The strong momentum must be verified by the following candles.
If K2 keep pricing up to close upon the resistance,
The uptrend will be established.
Or else, the risk will increase.
Dydx #analaysis #sellThe price of Dydx is currently in a bearish trend. I am considering shorting this altcoin and taking partial profits ↪when it reaches double bottoms.
DYDXUSDT // Bullish Potential on the 30m TimeframeTechnical Analysis Summary:
My technical analysis of DYDXUSDT on the 30-minute timeframe indicates a continued bullish trend with the potential for price increases. My analysis suggests the following take-profit targets:
Target 1: 3.485
Target 2: 3.565
Target 3: 3.634
Supporting Indicators:
Long/Short Ratios: Favorable Long/Short ratios on major exchanges reinforce the bullish sentiment.
Top Trader Analysis: Top traders favor long positions, aligning with the upward trend.
Relative Strength Index (RSI): The RSI is in neutral territory (45.952), suggesting there's room for further upward movement in price.
Stochastic Oscillator (STOCH): Indicates a 'Buy' signal (69.169), adding to the bullish outlook.
Stochastic RSI (STOCHRSI) : A 'Buy' signal (74.989) further supports bullish momentum.
Average Directional Index (ADX): A value of 32.642 indicates a moderate trend, neither strongly bullish nor bearish.
Williams %R: A reading of -34.737 positions the asset closer to the overbought zone, suggesting potential for a near-term pullback before price resumes its upward trajectory.
Commodity Channel Index (CCI): A positive CCI (84.5076) is generally a bullish sign.
Average True Range (ATR): Low ATR (0.0334) implies decreased volatility, which could mean a smoother price increase.
Dydx #sell #bearish Dydx is currently trending bearishly. I will trade in the same direction, aiming to profit from lower lows.
Technical Analysis of DYDXUSDTCurrent Situation:
Current Price: $3.56
Recent Price Action: The price is retesting a resistance level.
Existing Position:
Current Position: Long (Buy)
Reason for the Position: Previous analysis indicated a potential breakout, leading to the current buy position.
Additional Buying Opportunity:
New Buy Opportunity: The current retest of the resistance provides another buying opportunity.
Trade Objectives:
Take Profit (TP) 1: $3.72
Take Profit (TP) 2: $4.16
Reasoning: These levels align with the overall bullish trend, and breaking through the resistance may lead to further upward momentum.
Risk Management:
Stop Loss: $3.42
Risk/Reward Ratio: 1:4 (Risking 1 unit for a potential gain of 4 units).
Strategy Recap:
Strategy Confirmation: The current retest of the resistance supports our initial analysis, reinforcing the bullish outlook.
Consistency in Targets: TP1 at $3.72 and TP2 at $4.16 remain consistent with our overall strategy.
Cautionary Notes:
Market Monitoring: Continue monitoring market conditions, news, and technical indicators for any signs of a reversal.
Conclusion:
With the price currently retesting the resistance, we maintain our existing buy position and consider this retest as an additional buying opportunity. The trade objectives remain unchanged with TP1 at $3.72 and TP2 at $4.16, while the stop loss is set at $3.42 to manage potential risks. The risk/reward ratio of 1:4 enhances the overall attractiveness of the trade. As always, stay vigilant and adapt the strategy based on evolving market conditions.
#dydx-usdt#update previous analysis:
A post-pattern is being formed.
Wave C is starting, target 4.7 - 5.4
