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DYDX / TetherUS

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DYDXUSDT trade ideas

#DYDX/USDT - Long - Potential 41.06% Direction: Long Market: Spot Risk: 0.25% - 1% #USDT_DYDX Exchange: BINANCE Timeframe: 3 DAY TP1: 3.181 Entry: 2.223 STOP: 1.656 After a quick delay over the weekend the public testnet should be going live today (now) with more markets being added and reward tokens being earned through trading activity. Key features which should bring volume. The run up to the testnet pushed price over key moving averages 20, 50 and 200 and gave us a break on the RVD which is a signal we love on higher timeframes. There has also been a delay on the unlocking of some vested tokens that were distributed to staff and investors. Thats been pushed back to December 1st so I'll exit the position late November if we haven't reached target (could also see a bit of a run up in price prior to help 'maximise' returns. In terms of entryI'll take an initial holding now and look to DCA if we falter at the upper trendline pictured. In terms of exits use the Fib levels if you want to take profit incrementally. Market has been flat so this could be a slow burn, Let me know what you think!
Long
by CryptoNicho
3
Dydx Still struggling DYDX/USDT Timeframe: Daily The price of DYDX is currently following a rising wedge pattern on the daily timeframe. I anticipate that the price might decrease by around 20-40% from this point. However, it's important to note that these are just my expectations, and we need to wait for confirmation before making any conclusions. The initial sign to watch for is a rejection from the current level. If there's a rejection, our initial target will be the lower trendline of the wedge pattern. Furthermore, if the price breaks down below this pattern, it will provide even stronger confirmation that DYDX might encounter challenging times. Please remember that this is just a suggestion. Before making any decisions, it's advisable to conduct your own research and analysis. Best of luck, If you find our analysis helpful, please consider showing your support. Wishing you successful trading.
Short
by Crypto-By-Ghazi
DYDXUSDT is ready for the breakout?DYDXUSDT is currently testing the 0.618 Fibonacci level below the daily resistance. The 0.618 Fibonacci level is a crucial retracement level derived from the Fibonacci sequence and is often used in technical analysis to identify potential support and resistance levels. When the price approaches this level, it suggests that it might find support and witness a bounce from this area. In addition, the price is trading inside an ascending channel, which is a bullish chart pattern characterized by two parallel trendlines, with the lower trendline acting as support and the upper trendline acting as resistance. This pattern indicates that the price has been consistently making higher lows and higher highs, further reinforcing the potential bullish outlook. Furthermore, you mentioned that the price could attract new liquidity around the $1.9 price zone. A liquidity grab at this level might occur due to various factors, including historical price significance and the intersection with technical levels, drawing the attention of buyers to the market. According to Plancton's Rules, a new long position is suggested in this scenario. A long position involves buying the asset with the expectation that its price will rise. By following Plancton's Rules, traders aim to take advantage of the potential bullish momentum indicated by the ascending channel and the proximity of the price to the 0.618 Fibonacci level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
7
DYDX/USDT Bullish Momentum?? 💎🚀 DYDX Today Analysis💎 Currently, DYDX is navigating within a descending channel pattern and is making an attempt to breach the supply zone. If it struggles to surpass this zone, we might see DYDX retreat to the demand area between 1.63 - 1.74, aiming to tap into the order block situated there. This could set the stage for a potential rebound and a subsequent upward trajectory. 💎However, if DYDX manages to break through the supply zone promptly, it's a positive indicator. Yet, for a confirmed bullish momentum, DYDX needs to shatter the resistance trendline of the descending channel. Achieving this could pave the way for a spirited rally, targeting the 2.755 - 3.15 range. 💎Conversely, should DYDX falter within the 1.63 - 1.74 demand zone or even dip below it, it suggests the possibility of a deeper decline, crafting a new lower low. Paradisers, stay vigilant and monitor these potential shifts! 🌴
by MyCryptoParadise_Nathan
Brief Analysis ——DYDXToday, we bring a brief analysis of two more popular tokens. They are TRX and DYDX. From June 2022, DYDX will maintain in a stable range. Although the price rose above the upper rail of the range in early 2023, it soon fell back into the range. DYDX remains neutral on a large scale. Recently, the volatility of DYDX has decreased. The price remains fluctuating within the previous accumulation zone (yellow zone). Since mid-July, the price has been hovering on the upper rail of the yellow area. You can see that there are many candles with upward pin-bars. But the bears have not strengthened, keeping the price in the yellow zone. Conclusion: The high probability rise has not ended. We think it is difficult for the rise to end at this position. It should be noted that if today's red candle finally covers last green candle, the possibility of fluctuation will be increased, but this can only be confirmed when the market closes. We set resistance level at 2.4 and support level at 1.5. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool