DYMUSDT trade ideas
DYM - LOCAL (FEBRUARY)The token and its price are too strange, given the weak funds.
We add here constant support tests in the region of $6.8 - $ 7.
I assume that this was a temporary distribution and therefore I take a position in the short.
The stop is pleasant and obvious, the loss is no more than 35% of the position with x5 leverage.
İ am going to Add DYM in PORTFOLIO.Bullish pattern" Wolfe wave"
The Wolf pattern is nothing more than an expanding wedge. Indeed, we see several consecutive highs and lows, and the countdown starts from point 1. It is called the base before the first peak for a bullish pattern. The word "base" is used for a reason: it means a line of three consecutive extrema - points 2, 3 and 4. Point 1 may be formed in consolidation conditions.
Here point 2 is the base of the first uertex.
Point 3 is the price minimum of the correction after the first peak (point 2).
Point 4 is the maximum of the second vertex.
Point 1 is the base before point 2 (top), which exceeded point 3 (correction).
Point 5 - Point of entry (intersection of ray 1-3).
Point 6 is the top* (profit fixing point] of the intersection of the price chart with ray 1-4.
DYM/USDT Ready for a Potential Surge from Key Support? 🚀DYM💎 Paradisers, get ready for an exciting trading moment with #DYMUSDT, as it stabilizes at a pivotal support, hinting at the next potential direction.
💎 Observing #Dymension recent activity, we've noticed it couldn't surpass its last peak, leading to a bearish sentiment shift. However, we're now poised for a bullish turnaround from the demand level of $7.340. Should the price maintain its current drive, we anticipate an ascent that could well break through the overhead resistance.
💎 If the drive behind #DYM starts to dwindle, expect a rejuvenating rebound from the firm support at $6.823. Crossing below this essential mark, though, could signal a shift into more pronounced bearish territory.
Dymension DYM price shows a strong movement, how long will it ?Today, we will take a look at a young and quite popular coin in recent days - DYM. It was listed on many exchanges a week ago.
Due to the large amount of different activity, the DYMUSDT price successfully traded in the range of $6.85-7.85 and continued to grow.
If the growth continues successfully, the next levels are $9.60 and $10.30.
If the crypto market begins to correct, the strongest support should be in the $6.85-7 range.
Below, there is a relative void where the coin can begin to drain, which was received mainly for participation in activities.
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DYM - What's NextASX:DYM has done a fantastic job of holding a SEED_TVCODER77_ETHBTCDATA:1B marketcap as support.
Therefore, another leg to the upside seems likely.
If that happens, based on Viaquant's predictive fibs we could be looking for a $9.30 initial price target.
Followed by $10.65 and then $13 (more on this later).
If we have another downturn then we would look for the $6.30 level to hold before making that move to the upside.
Bullish on DYM Descending TriangleWe have identified a descending triangle pattern. This is a bearish formation that often precedes a price drop BUT
Our analysis also presents two potential future scenarios for DYM. The first scenario anticipates an upward breakout from the triangle, while the second scenario suggests a continuation of the downtrend before an eventual breakout.
A significant support level has been identified at approximately 6.300 USDT. This level could potentially serve as a rebound point for the price.
Alikze → #DYM |Ascending contraction triangleIn time H1, it is moving in an ascending channel, if the entry zone is activated, with the loss limit below the trigger, you can enter the buy position up to the resistance dynamic trigger zone.
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DYMENSION - Airdrops SeasonDYMUSDT is performing quite well since its airdrop happened, and the price is on an upward trend, because it is speculated that DYM stakers will be eligible for other airdrops.
That being said, if DYM breaks this symmetrical triangle upwards, it is bullish and we could reach $10 in the short term wizards.