DYDX: Navigating the Market Zig-Zag for Potential Gains! 🔄💹Introduction: 🌐 The DYDX market has thrown a curveball, initiating a correction in the form of a zig-zag pattern during the fourth wave. Despite this deviation, the underlying outlook remains intact. The spot position (provided link) is being maintained, with a minimum target set at $5.
Technical Adjustment: 🔄 The market has introduced a corrective zig-zag pattern during the fourth wave, a deviation from the initial expectations. However, the essential trajectory and potential gains remain unchanged.
Spot Position: ⚡ The spot position (as per the provided link) continues to be upheld by the trader, demonstrating confidence in the overall bullish outlook. The minimum target for this position is set at $5.
Conclusion: 🚀 DYDX enthusiasts are encouraged to stay attuned to market developments. Despite the zig-zag correction, the essential trajectory remains bullish. The spot position, with a minimum target of $5, signifies the trader's confidence in potential gains. Stay informed for further updates as the market journey unfolds! 💹🌟
DYDXUSDT
If the triangle is broken, there is a stronger possibility of grThis currency is placed in a triangle but has not yet exited this triangle. Two resistance ranges for this currency are clear in the chart.
Also, the possible movement in the specified image, if the second resistance is broken, we can have a safe entry.
🚧DYDX will Go Up Again🚧 Road Map(1-W)🗺️!!!DYDXUSDT was in the ascending phase by the ascending triangle and cup and handle.
DYDXUSDT is in a large ascending triangle on the weekly time frame and also on C&H if it follows these patterns, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
❗ Note that if the triangle or cup and handle is broken down with the power of descending candles, our analysis will fail.
🤑 Stay great my friends.
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Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
"CFX/USDT Long Setup: Bullish Breakout from Falling Wedge PatterTrade Setup for #DYDX/USDT: Long Position
Analysis:
DYDX has broken out of a falling wedge pattern, indicating a potential upward trend.
The current price (CMP) serves as the entry point.
The breakout is being retested, suggesting a potential confirmation of the bullish move.
Entry Point: Current Market Price (CMP)
Additional Positions: Consider adding more if the price drops to $2.870
Targets:
$3.4
$3.9
$4.35
$5.2
$5,8
Stop Loss (SL):
Set the Stop Loss at $2.825 to limit potential losses.
Leverage:
Use leverage cautiously: 5x to 10x.
DYOR
DYDXUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
2 possible options:
growth from current price or through one more decline in zone 2.4 - 2.2
Main target zone: 4.6 - 5$
Stop: (depending of ur risk). ALWAYS follow ur RM.
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions
DYDX Finished Phase D of a Wyckoff Accumulation SchematicDYDX has been in Accumulation since May 2022. The accumulation range-low is 1$, and the accumulation range-high is 2.88$
On November 6th, DYDX moved above the Accumulation range in a Sign of Strength. The price range and increased volume confirm this is genuinely a SoS.
Now, DYDX is a retesting the range high as support in what is called, in Wyckoff terminology, “Back Up the Edge of the Creek” or “Last Point of Support.” A successful retest will lead to the Markup phase.
The train is about to leave the station.
NFA.
What do you think? Please share in the comments.
DYDXDYDX is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 3.5 followed by 4.5.
What you guys think of this idea?
Dydx - unexpected correction or growth?!Hello, trader! Today I have a new idea for you. Put like and subscribe to the channel, there is a lot of useful information.
dydx - a deal in which there are risks!
Friends, I present to your attention the local Dydx chart with a pronounced trend line!
Technical: the price received a rebound from the trend line in the zone $ 2.850 and perhaps here we will see the continuation of the movement in the direction of $ 3.5-4.
But❗️ Personal
At the moment, the fanding is now in a strong -horsepower plus and perhaps we will see the discharge of excess cargo in the form of Squeezy) about $ 2.5 from the current -18%. So consider your risks in advance!
The plan for a deal - 15% of the deposit:
Entrance - 3.1/2.8/2.5 $
Stop - 2.35 $
Take - I will update.
Guys, the deal in the truth looks dangerous, so I decided to distribute the order in such a way as not to feel discomfort in the position, the stop is calculated taking into account the input of all limits!
DyDx long - only up from here!?This ideas is about a potential 40% DyDx trade.
Bull market will place all decent Perp-DEX:s in the spot light. I think DyDx sell of is done and we will "only see" up up from here. When DyDx reclaim the 0.5 Fib-level at about 3.07, I think its a good time to enter for a long.
DyDx trading volume will increase to insane levels soon and so the price of the token...I think!
DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase.
This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
DYDX/USDT - dYdX: TD Sequential◳◱ On the $DYDX/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 3.537 | 3.731 | 4.176 and support near 3.092 | 2.841 | 2.396. Entering trades at 3.09 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: dYdX
▣ Rank: 102
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: dYdX is a decentralized exchange built on the Ethereum network delivering key financial instruments to users such as perpetuals, margin and spot trading, as well as lending and borrowing. dYdX equips traders with off-chain order books with on-chain settlement and enables them to short-sell tokens, increase exposure by longing with leverage, or earn interest on deposited tokens to move quickly. dYdX leverages StarkWare's Layer 2 to eliminate the need to trust a centralized exchange while trading, and thus combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.
◰◲ Technical Metrics :
▣ Mrkt Price: 3.09 ₮
▣ 24HVol: 55,952,061.639 ₮
▣ 24H Chng: -4.275%
▣ 7-Days Chng: -3.92%
▣ 1-Month Chng: 30.06%
▣ 3-Months Chng: 50.31%
◲◰ Pivot Points - Levels :
◥ Resistance: 3.537 | 3.731 | 4.176
◢ Support: 3.092 | 2.841 | 2.396
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 3.25
▣ Last 90D: 2.11
▣ Last 1-Y: 1.07
▣ Last 3-Y: 0.05
◲◰ Volatility :
▣ Last 30D: 1.54
▣ Last 90D: 1.01
▣ Last 1-Y: 1.08
▣ Last 3-Y: 1.29
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.80 - V. Bullish
▣ In-depth DYDXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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DYDX flight is not over yet!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Technical: prolonged growth has formed a structure with a downward movement and has broken through the local countertrend, there is the potential to reach an update high towards $3.9-4.
I do not rule out that there may soon be a squeeze movement down all alts, so be careful with your leverage! In theory, you can try to take 10-15% from here without leverage.