Get started

DYDXUSDT

Closing in on a pump to upside or a small drop in next hours Bullish scenario. BB bands are squeezing tightly and going horizontally, signaling a move up or down at any moment. Forming a bullish pennant or flag by shape, that could be bullish sign and signal the next leg to upside to 29$ RSI is kind of showing bullish divergence on hourly and 4 hour chart. MACD levels on 4 hourly are really low, signaling it could move a bit up now. Bearish scenario. volume is getting lower. RSI on daily is moving down signaling a bearish divergence. and MACD levels have crossed to downside, which is bearish. 180 day exponential moving average is located at around 19$ , and it has to touch it at some point. So it is a possible drop to 18$ - Drop to 18$ is not that low and would be healthy and from there we could start moving up again. I don't see it going any lower than that for now. Hit a like if this is useful and best of luck to you all! Keep a positive outlook and have a great day! :)
by UnknownUnicorn26369879
3
DYDXUSDTI missed this the first time around and have been watching it for the last few weeks. As it often happens in crypto, you get a second chance. I think we have hit bottom. This looks like an inverse head and shoulders formation within a descending broadening wedge. There was so much hype around this coin that has now died down; I think the second coming will be here imminently. Buying in the $15-$16 range. Seems like a solid bet to me. Ranked just inside of the top 100 coins. Are people actually using this exchange? Will it be the next FTX or Binance? Who knows.
Long
by walkin
🧮dYdX- Bottom is in? FIB 1.618 & 0.618(Forgive me the messy chart, but there's no other way I can present this) The chinas ban on crypto and temporary hype on decentralized exchanges pushed DYDX to #1 spot in terms of 24h volume. But the hype didn't last long, so the price suffered 50% decline. Now it looks like the bottom is in. The price has sat on 15.00 level creating potential double bottom. There's a confluence of 1.618 & 0.618 fib levels. Bullish divergence is visible on both MFI and RSI indicators. Entry: buy at current price(green box) -- or wait for the confirmation: the price to break the neckline of this potential double bottom (watch lower timeframes) Long-term targets: TP1: 16.76 TP2: 18.42 TP3: 19.47 TP4: 25.09 ----------------------- About DYDX: dYdX is a non-custodial decentralized exchange that allows users to leverage trade via Ethereum smart contracts. This gives traders the ability to trade on margin while also benefiting from the security provided by Ethereum. dYdX also partnered with StarkWare to build a layer 2 protocol for the exchange. This allows traders to deposit funds and trade instantly without paying gas fees for every transaction. Source: yahoo
Long
by V0VOLAN
4