DYDX Finished Phase D of a Wyckoff Accumulation SchematicDYDX has been in Accumulation since May 2022. The accumulation range-low is 1$, and the accumulation range-high is 2.88$
On November 6th, DYDX moved above the Accumulation range in a Sign of Strength. The price range and increased volume confirm this is genuinely a SoS.
Now, DYDX is a retesting the range high as support in what is called, in Wyckoff terminology, “Back Up the Edge of the Creek” or “Last Point of Support.” A successful retest will lead to the Markup phase.
The train is about to leave the station.
NFA.
What do you think? Please share in the comments.
DYDXUSDT trade ideas
DYDXDYDX is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 3.5 followed by 4.5.
What you guys think of this idea?
DYDX ICT/SMC SHORTSorry for too much indicators at the same time.
I don't do this much with crypto but when I did saw it, I can't unsee it. Last time London ICT Killzone did do the job to push DYDX price down from upper trend line to bottom one.
We are getting to that position again in 15minutes. I might fix my order if something big happens between now and then.
SMC: There is fair value gap (FVG) to take profit but I will (also) go after a bigger fish.
🌐 ICT (Inner Circle Trader) in Forex Trading 📊
Introduction to ICT:
ICT, or Inner Circle Trader, is a methodology in forex trading developed to optimize trade timing and enhance profitability. Utilizing specific timeframes known as ICT Kill Zones, traders aim to capitalize on high-probability setups. Let's explore the key elements.
🎯 ICT Kill Zones: Timing is Everything 🕰️
In the fast-paced world of forex trading, traders leverage ICT Kill Zones, specific timeframes during which optimal trading setups are likely to form. These time zones are strategically chosen to align with market activity and increase the probability of successful trades.
ICT Asian Kill Zone 🌅:
When: 8:00 PM to 10:00 PM Eastern
Key Points: Volatility driven by economic news releases; potential gains of 15 to 20 pips for scalp trades.
ICT London Kill Zone 🌍:
When: 2:00 AM to 5:00 AM Eastern
Key Points: Highest volume of order execution; opportunities for gains ranging from 25 to 50 pips.
ICT New York Kill Zone 🗽:
When: 8:00 AM to 11:00 AM Eastern
Key Points: Overlaps with the London session; potential gains of 20 to 30 pips for scalp trades.
ICT London Close Kill Zone 🌆:
When: 8:00 AM to 9:00 AM Eastern (adjusted for daylight savings)
Key Points: Last chance for traders before market closure; opportunities for 10 to 20 pips of profit on scalp trades.
Excellent falling wedge pattern on DYDX/Will we see upmove here?Hey Traders
-Today we will look at DYDX/USDT chart which looks really good in my opinion...
-The price has created a nice falling wedge pattern just like from the books and there could be potential move up right to latest high
-We are looking on 12h TF and the price is sitting on GOLDEN POCKET ZONE from fibbo which is from 2.128 to 4.379 and also the 100MA is holding the price
-Its even better on 1D TF where the price is supported by 50MA/EMA
One thing to notice
-In Falling wedge pattern, the double bottom pattern is possible. When we break the neckline
and retest it, we can see double confirmation...
I will keep you updated...
This is for DYDX/USDT analysis, thank you for your attention!!!
Good luck traders!
Dydx - unexpected correction or growth?!Hello, trader! Today I have a new idea for you. Put like and subscribe to the channel, there is a lot of useful information.
dydx - a deal in which there are risks!
Friends, I present to your attention the local Dydx chart with a pronounced trend line!
Technical: the price received a rebound from the trend line in the zone $ 2.850 and perhaps here we will see the continuation of the movement in the direction of $ 3.5-4.
But❗️ Personal
At the moment, the fanding is now in a strong -horsepower plus and perhaps we will see the discharge of excess cargo in the form of Squeezy) about $ 2.5 from the current -18%. So consider your risks in advance!
The plan for a deal - 15% of the deposit:
Entrance - 3.1/2.8/2.5 $
Stop - 2.35 $
Take - I will update.
Guys, the deal in the truth looks dangerous, so I decided to distribute the order in such a way as not to feel discomfort in the position, the stop is calculated taking into account the input of all limits!
Bounce from Daily Range 50%Price bouncing on volume from 50% daily range with indicators oversold and curling. At H1, second run of range lows and immediate bounce to get back into range.
Entry: 3.000
Targets: 3.63, 4.2 will get out if price starts making LL and LH
Stop: 2.7 or if price starts accepting below H1 range
DyDx long - only up from here!?This ideas is about a potential 40% DyDx trade.
Bull market will place all decent Perp-DEX:s in the spot light. I think DyDx sell of is done and we will "only see" up up from here. When DyDx reclaim the 0.5 Fib-level at about 3.07, I think its a good time to enter for a long.
DyDx trading volume will increase to insane levels soon and so the price of the token...I think!
DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase.
This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
DYDXUSDT - BULLISH OUTLOOKDYDXUSDT is exhibiting a compelling technical setup based on a recent price action analysis. The 1-hour timeframe shows a bullish divergence on the RSI, indicating a potential reversal or continuation of the bullish momentum. Additionally, on the 4-hour timeframe, DYDXUSDT is in a bullish trend, marked by a series of higher highs and higher lows.
Here's a summary of the potential trading opportunity:
Entry: Consider entering a long position at $3.22.
Stop Loss (SL): Set the stop loss at $2.85 to manage potential downside risk.
Take-Profit Levels:
TP 1 @ 1:1 = $3.59.
TP 2 @ 1:2 = $3.96.
This trade plan is designed to capitalize on the observed bullish divergence and the established bullish trend on the 4-hour timeframe. Managing risk through a stop loss and considering multiple take-profit levels aligns with a prudent trading strategy. As with any trading approach, it's crucial to stay informed, monitor the trade closely, and adapt to evolving market conditions.
DYDX investing trade. Target +105%Hello, everyone!
What do you think of Bitcoin's crazy growth? Unfortunately, this is often followed by a sharp reversal. However, how can other cryptocurrencies react to this drop?
Let's take the example of #DYDX.
If we look at DYDX in a pair with BTC, the price has reached the bottom of the global consolidation:
The global chart shows that since September 2022, the 0.000058 range has been the main support for buyers.
There is a good chance that the start of a local drop in BTC or the stopping of the BTC price in consolidation will trigger the growth of altcoins. In this case, DYDX is a great investment option.
The price of DYDXUSDT has made a bright wave of growth with a final target of $4.4 and is now completing its correction.
DYDX buy zone for investment trading is $2.5-2.78
The critical point of this investment is $2.12 . Below this level, we will look for a way to buy DYDX and break even.
What do you think about altcoins and their chance for a good wave of growth? Write your thoughts in the comments!