DYM Descending Broadening Wedge Breakout Confirmed!We've just seen a strong breakout of DYM from its descending broadening wedge structure. This is a key bullish reversal signal! 📈
The price action indicates momentum building up, with the next target zone being around $7-$8, representing the top of the broadening wedge structure.
🔸 Key Levels: As the price surges, we’re watching the $7-$8 range for potential resistance.
🔸 Support Re-test?: A possible re-test of the breakout level could present a strong entry point if the momentum holds.
🔸 Volume Confirmation: The breakout is supported by a surge in volume, reinforcing the potential for a strong move upward.
Keep an eye on the market dynamics, and remember to manage your risk, especially as we approach key resistance levels.
#DYM #Breakout #BroadeningWedge #SwingTrade #CryptoTrading #TechnicalAnalysis
🚨 Disclaimer: This is not financial advice. Always conduct your own analysis or consult with a professional.
DYMUSD trade ideas
Can Dym climb to rank #50 on coinmarketcap?In order for Dym/usd to pump 100% its market cap would need to be at least 1.6b. Based on coinmarketcap rankings, Dym would have to go from rank #112 to roughly #50. The question is, who are Dymensions competitors and how does Dymension rank amongst their sub niche competetitors.
Dym/usd longOn the 1hour interval dym/usd is showing an inverse h&s pattern inside of a falling wedge that is also inside on a bullish pennant. Once the ema's cross and cci reach 100 on 1 hour interval then, those are good indicators of upward trend!!! c u at the top
DYM Ready for another Bullish Wave"Welcome, crypto enthusiasts! Explore the latest market trends from Bitcoin to altcoins through daily technical analysis. Stay informed, and let's engage in meaningful conversations! 📈
Disclaimer: While technical analysis is insightful, it's not a crystal ball. Always diversify your research and investment strategy. This is not financial advice."
