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DYDX / TetherUS PERPETUAL CONTRACT

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DYDXUSDT.P trade ideas

A great trade opportunity on DYDX#DYDX #Analysis Description --------------------------------------------------------------- + The price has hit a low point, and a rebound is anticipated. + This creates a promising trading opportunity, so I'm opening a small long position now. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.467 Stop Loss: 1.076 ------------------------------ Target 1: 1.697 Target 2: 2.011 Target 3: 2.559 Target 4: 3.102 Target 5: 4.037 ------------------------------ Timeframe:1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
2
DYDX - Interesting Cycles!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find the DYDX chart interesting. For those who have been following me for a while, you know that I like to study previous price action. If you want to win a war, you need to study previous wars. I can't help but notice a repetitive time pattern on DYDX. In June 2022, DYDX bottomed around the $1 round number and started a bullish cycle that almost ended around March. The same thing happened in June 2023 , bottoming around the $1 round number and topping out around March. Is history going to repeat itself? If yes, then we are already around the end of this bearish cycle and will be looking for any bullish confirmation around the $1 round number to buy DYDX and hold it until around March 2025. Let me know your thoughts. Do you think it is simply a coincidence, or is there a reason why DYDX starts to go up every June/July? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
12
DYDX/USDT Technical Analysis in 3-Day Timeframe.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: DYDX demonstrates significant historical price movements with clear support and resistance levels. The price has experienced strong rallies from the support zone, suggesting potential for future upward moves. The $1.005 has stood as a strong support for DYDX since June 2022. If the price follows the historical pattern, it might target the resistance at $5, aligning with a projected 384.86% increase. Key Observations: ~ Strong Support/Entry Range: $1.005 to $1.173. ~ Resistance/Target: $5. ~ RSI: Oversold. ~ Invalidation point: Breakdown and close below $1.005 support. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
DYDXTrend and Key Levels Daily Trend: The chart shows a downward trend line that has been guiding the price lower. Support Levels: 1.275: Current support level. 1.194: Additional support. 1.190: Near the final support. 1.005: Final support level. Resistance Levels: 1.600: Initial resistance level. 1.890: Secondary resistance. 2.200: Higher resistance. 2.420: Strong resistance level. 2.730: The final cycle resistance level. Current Price Action Current Price: The price is currently at 1.312, having bounced from the recent support level around 1.275. Bullish Indication: The price has broken above the immediate resistance around 1.275, indicating a potential bullish reversal. Volume: An increase in trading volume typically accompanies a significant price move, suggesting the possibility of sustained momentum. Potential Scenarios 1. Bullish Scenario: If the price continues to move up, it will likely face resistance at 1.600, 1.890, 2.200, 2.420, and ultimately 2.730. Breaking through these levels will confirm a trend reversal and establish a new upward trend. 2. Bearish Scenario: If the price fails to hold above the current support level of 1.275, it might retest the lower support levels at 1.194, 1.190, and 1.005. A drop below these levels could signal a continuation of the downtrend.
Long
by Tdawly_Official
1
DYDX | 1,800% Is Not The Top, It Can Do Much More... (See Chart)DYDX just hit its June 2022 all-time low and is starting to bounce; as in early signals. Before we get to the good part, let's start by saying that we are NOT concerned with the bottom. ➖ We are Cryptocurrency market bulls. ➖ We trade spot —plain and simple. ➖ For us, this is the accumulation phase. We know one thing and one thing only; buy, buy, buy, buy, buy, buy, buy and... Hold long-term. So, we buy now as much as we can... 👉 If DYDXUSDT starts to grow; great, we buy some more to enjoy maximum potential on the way up. 👉 If DYDXUSDT produces another low; awesome, we get to buy even more to enjoy incredible profits when the bull-market goes until full force. We are NOT concerned with the bottom, but we are wondering about the TOP. You can see some conservative targets mapped on the chart: $10 (800%) & $23 (1,800%), but that's not all... There can be much, much more. Think long-term. For these USDT pairs (the ones that I will be sharing with you every single day), we are thinking something like a 10-16 months wait. The new all-time highs will hit some time around 2025 and that's why our focus is on buying and hold. We are early... As usual, but early tends to produce the best possible results. Namaste.
Long
by AlanSantana
1
DYDX Technical Analysis: 1. Price Action: -The current price of DYDX is 1.229 USDT. -Recent downtrend with significant selling pressure indicated by red candlesticks. 2. Important Levels: -Buy Zone: Between approximately 1.090 and 1.230 USDT. -Support Level: Strong support at 1.100 USDT. -Resistance Levels: Significant resistance at around 3.500 and 4.000 USDT. 3. Chart Patterns and Indicators: -"Order Block" (OB) area could act as support or resistance. -Graphical representation (airplane symbol) suggests a bullish outlook towards 2025. 4. Potential Scenarios: -Bullish Scenario: Price holds within the buy zone, bounces off 1.100 USDT, and targets higher resistance levels. -Bearish Scenario: Price fails to hold 1.100 USDT support, leading to further declines. Project Summary: The DYDX token is part of the DYDX protocol, which is a decentralized exchange (DEX) for trading derivatives on the Ethereum blockchain. The project aims to offer a range of financial products such as perpetual contracts, margin trading, and spot trading without the need for a central intermediary. Key aspects of the DYDX project include: 1. Decentralization: -Operates on smart contracts, ensuring trustless and transparent transactions. -Users retain control of their funds, reducing the risk of centralized exchange hacks. 2. Advanced Trading Features: -Supports margin and perpetual trading with up to 25x leverage. -Offers sophisticated trading tools and a robust order book. 3. Liquidity and Growth: -Significant liquidity provided by professional market makers. -Continuous development and upgrades to the platform, including layer 2 scaling solutions to reduce gas fees and improve transaction speeds. 4. Governance: -DYDX token holders can participate in governance decisions, influencing the future direction of the protocol. -Governance proposals and voting mechanisms ensure community-driven development. 5. Security: -Regular audits and a focus on security best practices to safeguard user assets. -Implementation of insurance funds to cover unexpected losses. Summary: The DYDX project represents a strong contender in the decentralized finance (DeFi) space, offering advanced trading features and a decentralized approach to derivatives trading. The current technical analysis suggests a critical decision point for the DYDX/USDT pair within the buy zone, with potential for significant upward movement if support levels hold. Long-term investors and traders should closely monitor price action and project developments for informed decision-making.
Long
by Tdawly_Official
DYDX on the Edge: Bearish Signals and Key Levels to Watch Introduction This analysis focuses on DYDX across multiple time frames to identify potential trading opportunities. By examining the weekly, daily, and 4-hour charts, we aim to provide a comprehensive view of DYDX's current market dynamics and future price movements. Key technical patterns, indicators, and levels are highlighted to guide traders in making informed decisions. Weekly Time Frame After a sharp decline, DYDX has formed a rising wedge pattern during its retracement. With the activation of this pattern, we expect the price to drop to the lower boundary of the box at 1.126. The RSI entering the oversold zone could trigger significant selling pressure and result in a large bearish candlestick. Daily Time Frame A strong downtrend is evident on the daily chart. Following a downward leg and the formation of a redistribution box, the price has broken out of this box and has the potential to continue downward, mirroring the previous wave. The RSI re-entering the oversold zone may intensify fear and lead to the formation of substantial bearish candlesticks, targeting the 1.000 level. Given the psychological significance of this level and previous interactions, there is a strong potential for forming a significant Potential Reversal Zone (PRZ). 4-Hour Time Frame Considering the bearish trend in the higher time frames, breaking the 1.331 trigger level in the 4-hour time frame provides a strong entry point for a short position. If the RSI breaks its trend line ahead of the price, an early short entry can be made in the lower time frames prior to the main trigger level. In the specified 4-hour box, all highs are equal to or lower than previous highs, indicating low buying interest in this area. Buyers are likely targeting lower levels for entry. 📉 4-Hour Chart: View Chart Conclusion DYDX exhibits bearish signals across multiple time frames, suggesting potential further declines. Traders should watch for the key levels and patterns mentioned, particularly the 1.331 trigger level in the 4-hour chart for short entries. The psychological level of 1.000 on the daily chart presents a significant target, with the potential for forming a strong PRZ. Monitoring the RSI and other indicators will be crucial for timing entries and managing risk effectively. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions. 📢
Short
by pouoyannn
DYDX Accumulation phase - Trade entryI am pleased to share my new trade : DYDX/USDT . Money management strategy: The designated capital for this trade is $1000+(emergency fund of 1000$). Here's how the funds will be allocated: 1st Order ($1000 spot) : Placed at the current market price 1.373$. This order aims to enter the coin during the strong accumulation. 2nd Order ($1000 emergency fund) : Will be specified depending on the nature of the downtrend. This price level will adjust my entry price in case of a crisis. The objective of this trade is to take profits at 10$ but can be flexible depending on market conditions. I won't be adding any additional trading orders below these levels. Important : I am aware that the trade can take time and that the coin can go to zero ! So I am prepared to lose 2000$ in this trade without any impact on my trading portfolio. This is not an investment advice, I am only sharing my own portfolio ;) Happy trading, everyone!
Long
by Monstralian
6
Market Insights: Navigating Bitcoin and DYDX📅 Let's dive into today's analysis. The market continues to range, and Bitcoin had a fake breakout yesterday, returning to its range box. Today, it might finally find a suitable condition for a long position. Today's altcoin focus is DYDX, which presents a good shorting opportunity. 👑 Bitcoin Analysis 🔄 As usual, I'm analyzing Bitcoin in the 1-hour timeframe. We had a short entry trigger at 60718, but after breaking this level, the price couldn't continue its downtrend and returned to its range box. If you entered on very low timeframes like 15 minutes, you probably hit a risk-to-reward ratio of 2 and hit your target. However, if you entered in the 1-hour timeframe like me, you would have hit your stop loss, which happened to me as well. 🔍 Now, let's find today's trading triggers. After the fake breakout, we can say the first sign of buyers entering the market was seen. However, it's Saturday, and the volume is very low, so we can't say that buyers are showing a weak trend. I think it's better to stay away from the market today and tomorrow due to low volume, but we should check the market every few hours because we might miss a sharp move. 📈 For a long position, I personally will wait for the 62168 trigger, as it will likely take some time for the price to reach it. By then, the weekend will be over, and the market will have more logical volume. If the trigger breaks quickly before the weekend ends, we can conclude the market has momentum, making it viable to open a position. 📉 For a short position, 60718 is still suitable, but if the price revisits and reacts to this level again, it will be even more suitable for a short. I'm not focusing much on Bitcoin short positions because DYDX has a better trigger for shorting today compared to Bitcoin. 💱 DYDX Analysis 🗂 Let's move on to DYDX. There's no need to explain the project in detail because I covered it fully in previous analyses. However, to give a brief summary, DYDX is a decentralized platform where you can open positions. For more details, you can check out past analyses. If you want a comprehensive analysis of DYDX covering all timeframes and a detailed project explanation, let me know in the comments, and I'll do that for you. 🔍 In the 4-hour timeframe, as you can see, there's a downtrend starting from the break of 1.935 down to 1.306. Drawing a Fibonacci retracement, we see it corrected up to 0.382 and formed a range box between 1.1306 and 1.505. On a smaller scale, there's a smaller range box between 1.434 and 1.343. 📈 For a long position, we can enter after breaking 1.434, aiming for 1.505. The next trigger is breaking 1.505, which could move the price towards 0.618. The final target for this position is 1.794. 📉 For a short position, we have two triggers: 1.343 and 1.306. If the price makes another downward move, it can reach 1.030, a level indicated by the Fibonacci extension. 📊 For all triggers, note that volume should increase in the direction of the position you want to open. Otherwise, we have a divergence, and the trend can't be trusted. 🧩 Regarding RSI, there's an ascending triangle. If the trendline of this triangle or the 57.16 resistance breaks, it confirms the activation of this pattern, providing a confirmation for the position you want to open. The trendline break trigger is 36.71. 📝Both Bitcoin and DYDX are at pivotal points. Bitcoin's low weekend volume suggests caution, while DYDX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
3
DYDX buy setupThe DYDX structure is bearish but approaching a good support. I specified the demand and optimal range. The target of this reversal can be the work of supply. Closing a daily candle below the invalidation level will violate this analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
1