#DYDX/USDT#DYDX
The price has broken the descending channel on the 1-day frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 0.8000.
Entry price 0.880.
First target 1.09.
Second target 1.32.
Third target 1.62.
DYDXUSDT trade ideas
DYDXUSDT.1DUpon analyzing the DYDX/USDT daily chart, here’s my technical perspective and trading strategy:
Overview of Price Movement:
The chart displays a downtrend highlighted by lower highs, which indicates selling pressure over the time period covered. The recent formation around the $0.816 support level (S1) suggests a potential area of interest for buyers and sellers alike.
Resistance and Support Levels:
Resistance levels are marked at $1.269 (R1) and $1.490 (R2). These levels have acted as significant barriers in the past, halting previous rallies.
The support level at $0.816 is currently being tested. A break below this could see further decline towards lower, uncharted levels.
Technical Indicators:
The MACD is currently flat below the zero line, which typically indicates weak momentum. However, the lack of divergence from the signal line suggests that the selling pressure may be stabilizing.
The RSI is at 35.74, nearing oversold conditions. This could imply potential for a reversal or at least a stabilization in price if buyers begin to see value.
Trading Strategy:
Given the current test of the $0.816 support level, my immediate strategy is to monitor this key level closely for any signs of a strong rebound or further breakdown. A convincing bounce off this support with increased volume could indicate a short-term buying opportunity, aiming for R1 at $1.269 as a primary target.
Conversely, a break below $0.816 with significant volume might lead me to consider a short position, or wait for stabilization at lower levels before reassessing entry points.
Risk Management:
Setting a tight stop-loss just below $0.816 would be critical if opting for a long position, to protect against unexpected further declines.
In the case of a short position, a stop-loss just above $0.816 after the breakdown confirms would be prudent to limit potential losses should the market reverse suddenly.
In conclusion, my approach focuses on reactive trading based on the price action at the key $0.816 level. Observing volume and candlestick patterns around this area will be crucial in determining the market’s next move. I'll remain flexible, ready to adapt to new information and market conditions to optimize trading outcomes.
$DYDX sentiment CRYPTOCAP:DYDX
One of the leading DEX is currently at its cyclical low and has lost its strength in the bear market, but we will see what the future has in store for it. It's currently oversold and at a significant support. An upward movement from it's CMP might be a good entry. #NFA #DYOR
#DYDX/USDT#DYDX
The price is moving in an ascending channel on the 4-hour frame and is sticking to it very well
We have a bounce from a major support area in green at 0.900
We have an uptrend RSI that has been broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 1.02
First target 1.11
Second target 1.20
Third target 1.30
DYDX - swing LONG ideaPrice is potentially a false breakout key low, and many sellers are trapped right now, so if price starts to go higher, they will be closing their short positions, and it provides us with a potential impulse higher.
The main sign of a lack of selling pressure for me is the MACD divergence.
DYDX Possible 100% TradeKUCOIN:DYDXUSDT
Possible Break and Retest of 114 and BINANCE:DYDXUSDT could do more than 100%.
Buildup at current levels will provide nice protection for placing stops.
On Failure can short to support with divergence ideas.
CRYPTOCAP:BTC rules the altcoins but when it's moving sideways, there are interesting opportunities that one has planned for.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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Dydx (DYDX): Touching 200EMA / Possible RejectionDydx has yet again reached the 200 EMA zone, where historically we have been getting nice rejections and a start for further downward movement.
If we see a nice rejection and price will not break that line there, we should see a nice downward movement from here!
Swallow Team
Dydx 12H scalpingTake a look on this potential trade BINANCE:DYDXUSDT.P
Possible Targets and explanation idea
➡️12H chart. Black downtrend line and next move out of it with test of 12H IMB
➡️Reaction down retest this line above and continuation with long to main targets
➡️Swiped liquidity at 1.76 with Buy signal on Trade on Indicator
➡️Waiting reaction up with volume
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
Dydx Equilibrium RetestBINANCE:DYDXUSDT
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Possible Targets and explanation idea
➡️Strong signal to sell on Direction D timeframe
➡️Goin to retest equilibrium of previews Range accumulation
➡️Equilibrium now on same level as 0.786 level
➡️After retest we might see one more rejection on main vol sellers zone
➡️Continuation to our global monthly FVG at 11$
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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DYDX - Range deviationTechnically DYDX has been trading within this range for over two years now, so basically going sideways. But given the size of the range it still is very much tradeable if you know the key levels, which are obviously the range highs/lows and the mid-range levels.
Now DYDX has done these deviations before, as I have highlighted in the chart, this time it seems to have deviated the lows of the range for the first time. If this weekly candle closes green, there is a high chance we see a push towards 2$ coming weeks, as this would likely confirm a deviation (stop hunt).
I really don't know if this coin will ever start trending again but I don't think so. Anyway, still a decent long setup with defined risk-reward nonetheless.
Stay safe!