Dydx
DYDX (DYDX/USDT) technical analysisPrice is moving in a downtrend channel. Recently, we saw price oscillating and maintaining a baseline as a resistance as well as an increase in buy volume. We need to see price breaking the top side of the downtrend channel to get the first signal that the uptrend wave has started.
DYDX seems weak, down 35% soon?It looks like buyers are defeated at this level and may cancel their orders to place them lower
This is based on the last push attempt with volume that was soon absorbed into a pocket of liquidity and pushed back with high volume.
I expect we are going lower, let's see where buyers will show up again.
DYDXUSDT , Market give another opportunitiesHello everybody
Did you check our last analysis of DYDX ?
Again the market give us opportunity to buy in buy zone area , this is the most important level of supporting , and the key point of trend .
According to the chart that the price is supporting in here we expect this time to break the resistance level that is long time on our way ( trendline resistance ) , and after that we can reach to the new target
We shown another zone that you can buy if the price dump of shadow to it
Previous analysis :
If you have any question send us message
Good Luck
Abtin
Dydx really!hey traders, there is Dydx ,as we see at the chart, we need closing above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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$DYDXdYdX, a decentralized exchange (DEX), lets cryptocurrency traders access perpetuals, which are a form of derivative. A derivative is a financial product whose price is determined by the value of another asset, and derivatives in the cryptocurrency market take value from the prices of various cryptocurrencies. Using your Ethereum wallet as your dYdX account, you trade futures linked to cryptocurrencies including Bitcoin, Ethereum, Solana, Doge, Avalanche, and others.
This platform is on fire, and it’s worth warming your trading paws at the blaze. On two days in late September, dYdX recorded a trading volume of $19 billion in crypto transactions in contrast with Coinbase, which processed just $6 billion in crypto transactions during that time.
Excitement for this DEX is growing and with it an active user base that Juliano expects will accelerate growth into 2022.
It’s a bandwagon you might consider hopping on.
DYDX currently broke out of its downwards channel and its pretty much holding onto support on the daily chart.
If previous resistance now acts as support you could see this continue up.
Keep this on your watchlist.
- Factor Four
DYDX 1DSeems bullish!!
RSI 14 breakout has happened. I am expecting a correction at the daily level ahead.
If it breaks the daily level ahead, a safe entry would be when it pulls back to the broken level.