Long DYDXWe've got some bullish signals on DYDX here. After completing Wave E with a higher high, we've confirmed a bottom signal. Now, combining the power of Elliott theory and the Fibonacci theory, I'm expecting a breakout to the 1.618 Fibonacci level. Also, the VWAP on the daily chart is flipping to the upside, which only adds to my bullish sentiment.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
DYDXUSDT trade ideas
DYDXUSDT hit the daily support and likely to go lowerThe price has hit the daily support which provides a opportunity for a long position. However, one has to be careful as it seems the upside for the long is limited here. If I had to play this one, I would play as marked on the chart. If the current daily support loses, a better long opportunity will be from the next daily support and the target for that should be 2.546.
DYDX Bullish Broadening WedgeLooking at the daily chart we can see that a broadening wedge pattern has formed which is very bullish for DYDX.
If you zoom out on the weekly you can also see a triple bottom from which we've just retested the neckline.
Overall I'm expecting some bullish moves from DYDX in the next coming weeks.
DYDX setting up for a breakout?perfect bounce from support zone that held all april, now breaking local trend resistance..
still below pivot level though, I'd like to see a break of 2.8.. if that comes a rally to 3.20-3.54 can be in play
break back below trend resistance and shorts take back control.. boost and follow for more. thanks
DYDX NEW UPDATE 12HHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DYDX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$DYDX could push hard up !DYDX seems to have developed a fairly typical WYCKOFF accumulation pattern on the daily.
The price seems to be ready to break out of this pattern upwards, accompanied by a significant increase in volumes.
On the other hand, DYDX appears to have exited from the top of a bullish diamond, in blue. Price recently broke through resistance
corresponding to the level of AR and AU.
It would now be necessary for the price to break free from the last high at $3.63 to consider a nice bullish push.
The rough projection of the diamond lens would give us a price action between HKEX:7 and $8.
You have to be aware that this type of investment is risky and that my analysis is not investment advice.