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DYDX / TetherUS

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DYDXUSDT trade ideas

DYDX Gaining Momentum to Leave Descending Channel? 👀🚀 💎Paradisers, #DYDX is navigating a descending channel, poised for a potential breakout. 💎When it breaks from the channel, we'll observe a retest to confirm the move before executing our strategies. This retest is vital as it verifies the bullish momentum. If #dYdX secures the support at $1.85 and ascends then our sights are set on the resistance zone we've identified ahead. 💎However, if #DYDXUSDT fails to sustain this support and reenters the channel, it will signify a softening of the bullish trend. Under this scenario, the price might descend to the next crucial support level at $1.59. 💎Historically, CRYPTOCAP:DYDX has demonstrated a strong capacity to rally from this point. Should this resilience continue, we may witness a vigorous rebound. Nonetheless, a clear break below this support would alter our bullish stance, pointing towards a potential bearish shift. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
1
dYdX Founder Steps Down as CEO of the Decentralized ExchangeAntonio Juliano, the founder of dYdX Trading Inc., has stepped down as CEO of the decentralized derivatives exchange. The change was not sudden to the internal team, employees, or stakeholders, but had been in discussion. Juliano stated that the SEC has not taken action against dYdX Trading and that he is not expecting a Wells notice. Juliano had experienced a rollercoaster of emotions since writing the original dYdX whitepaper in 2017, but now feels personally satisfied and realizes he doesn't have to run his own company. Ivo Crnkovic-Rubsamen, Juliano's longtime friend and partner in running the company, is ready to take over as CEO. Juliano will transition to Chairman and President and will continue to drive major decisions and strategy. He remains excited for the opportunity that DeFi will become the dominant way crypto is used, and derivatives will play a large part in that. Technical Outlook The price of CRYPTOCAP:DYDX remains flat following the announcement, currently trading for $1.984 down 1.2% with a Relative Strength Index (RSI) of 36 which is slightly oversold. CRYPTOCAP:DYDX has been in a consolidation phase since the 2nd week of April a possible trend reversal could occur if the new CEO takes the firm to the next level.
by DEXWireNews
2
DYDX buy setupWaves C and D that you see on the chart are related to a large diametric pattern DYDX appears to be at the bottom of wave D and is making a reversal pivot By maintaining the green range, it can move towards the targets The least risky range for entering buy/long positions is the optimized range Closing an hourly candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
DYDX - Lost Case? Time to JUMP SHIP?👎🤔DYDX-USDT🤔 We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term: Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH: To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin: Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers. _______________________ BINANCE:DYDXUSDT
Short
by CryptoCheck-
DYDXUSDT Elliott Waves Analysis (Investment Idea)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) Everything according plan, we got downward movement in 2.3 - 2$ zone, im already in pos. Closest Targets: 3.3 - 5 - 7.5 - 11 Main(investment) target zone: 10-12$ RR: 1 to 10 Cancellation of setup - decreasing under ~1.1 notes: it's also possible to see 15-17-20$ targets, but for me it's speculative position and i will sell everything by 10-12$ It's not financial advice. DYOR!
Long
by trytofeelpositive
7