Get started

Dydx

It crossed the $2 resistance!DYDX has rallied more than 25% today, with the currency breaking through the $2 resistance. As you can see, the price trend in the daily time frame is the range, and its fluctuation range is considered between the resistance of 2.7 and the support of $1. The high buying pressure during the past few days can signify the price leaving the range trend and changing upward. Therefore, to break the ceiling of the range channel, it is very important to maintain the support of $2. There is also the potential for forming a double bottom pattern in the weekly time frame. Therefore, breaking the resistance of $2.7 and stabilizing the high price of this area can confirm the pattern and continue moving up to the resistance of $6. For the short term, the important resistance of $3 can prevent price growth while continuing the short-term price path. Therefore, in this range, there is a possibility that the trend will suffer in lower time frames.
by MonoCoinSignal
1
DYDX is bouncingDYDX is decentralized exchange's crypto, a promising one. It was in a descending channel and touched the ATL in mid June. After making a 170% recovery, it continued to go down to be close to the previous ATL. In my opinion, now it is a good opportunity to buy DYDX for both mid term (a few months) and long term investment. For the longterm hold, I'll post another analysis to explain my point. For mid-term, we see some bullish signs Inverted hammer (with relatively low volume) Bullish divergence Prices at strong support (ATL area) We will need more volume the next days to confirm a strong reversal.
Long
by evasivesteering
2
DYDX UPDATE : start of new cycle ?DYDX/USDT since listing of this coin in major exchanges it kept dumping for almost 1 year Finally we got the first clear breakout from descending broadening wedge pattern after 3 major bearish waves This breakout could be a shift of trend and new bullish cycle for this coin The most important support here is marked as blue color rectangle which should hold to remain bullish otherwise i would consider it to be a scam coin if broken down too What do you think about DYDX ? Share me in comment section below ⬇️
Long
by Babenski
17
DYDX correction to 5.20$BINANCE:DYDXUSDT Dydx now underrated. Where ill start buy Dydx again? Where ill take a profit on local correction? And why Dydx can pump to 5.20$? ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Fib since drop in April. ➡️Perfect call to sell by "Trade On" indicator ➡️Accumulation phase between -0.18 and -0.618 levels ➡️Forming lower low in June and took liquidity. Correction to drop can be at least to 0.5 level by fib 5.20$ ➡️2 signals Strong Buy in May and June ➡️Rejected at "Take profit" line. If we capitulate one more time we can drop to 1.05 (now its a "Buy line") Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
DYDX – perfect setup!Hello, everyone! Let’s continue analyze altcoins. Today I found for you the asset with the perfect Elliott waves formation. I will show you evidences that this formation is valid, thus we can be confident in potential trade setup. On the 4h timeframe DYDXUSDT chart we can see the clear picture of 5-wave Elliott formation. Wave 1 had the price correction exactly to 0.61 Fibonacci retracement zone, after that the wave 3 was extended and was finished at 2.61 Fibonacci extension. Taking into account wave 2 have been ended at 0.61, wave 4 have to be finished at 0.38, that was the case. Wave 5 finished at 0.61 Fibonacci extension in conjunction with the divergence created the condition for whole Elliott wave cycle end. Now DYDX is in correction ABC. Wave A have been already ended and wave B is forming. 0.61 Fibonacci retracement is the target for the wave B ($1.50). After that we can wait for the wave C. The target area for wave C and whole ABC correction is the 0.618 from the 5-waves cycle. I am going to enter long position at $1.35. Best regards, Ivan ________________________ Guys, if you like my trading ideas, please support me with your boosts and comments!
by Skyrexio
8