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DYDX / TetherUS PERPETUAL CONTRACT

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DYDXUSDT.P trade ideas

DYDX: A Beginner's Guide to Trading this CryptocurrencyToday, we're zooming in on a particularly interesting digital asset: DYDX . This article is crafted especially for you to help you understand the market movements of DYDX and how you can potentially capitalize on it. The Accumulation Zone: A Key to DYDX's Movement One crucial aspect to observe in DYDX's price history is its accumulation zone. This is a price range where the asset was consistently bought, indicating strong investor interest. For DYDX, this zone has been identified below $3.00, with the cryptocurrency showing significant movements each time it hits this range. The 2023-2024 Price Journey Let's break down DYDX's price action over the past year: Early 2023 Consolidation : DYDX first hit the yellow accumulation zone at the start of 2023 and stayed there until around May. This phase is known as consolidation, where the price moves sideways, indicating uncertainty or equilibrium between buyers and sellers. The Breakdown and Higher Lows Formation : After breaking down from this zone, DYDX entered a larger accumulation zone between $1.10 and $2.50. Noticeably, it formed a significant higher low in May 2023 and another in August 2023. These higher lows are bullish indicators, suggesting that buyers are stepping in at higher prices after each pullback. The October 2023 Breakout : In October 2023, DYDX hit resistance but impressively broke out with a large weekly candle, marking its highest weekly close since April 2022. This was a bullish signal, indicating strong buying pressure. The January 2024 Higher Low : Despite a pullback, another higher low was created in January 2024. This time, the weekly candle closed above the old accumulation zone, with a long wick indicating demand below $2.50. What's Next for DYDX? The key levels to watch now are $4.50 and $6.95. If DYDX surpasses $4.50, the high from just a few months ago, it could potentially climb to $6.95. Beyond that, the path to $23 seems almost clear, considering the asset's volatility and bullish indicators. A Word of Caution While the potential for profit in trading DYDX is apparent, remember that cryptocurrency is a highly volatile and risky asset class. Many cryptocurrencies can be unstable and even fraudulent. It's crucial to educate yourself on trading techniques, risk management, and self-control before investing.
Long
by bitdoctor
2
✅Price is in al bullish rising channel...✌️Hi. COINEX:DYDXUSDT Price is in al bullish rising channel and recently bounced from the lower border of it👀 Now CRYPTOCAP:DYDX is testing a resistance zone, breaking through which the price will rush upward to the upper border of this channel🔺 ✅ Due to the ascending structure of the chart... - High potential areas are clear in the chart -AB=CD -Ascending Triangle -trend line - Ascending Channel Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move. ✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price. 🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile. 🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels. 📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin. 💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
1
Perfect Cup and Handle formed on a Weekly Chart. BULLISH!DYDX, aside from the wave of moving into what crypto is supposed to be “decentralized”….This chart screams bullish with no intent to stop once it rips. You can see a beautiful cup and handle formed and this accumulation has been like this since February of 2023….if you go back further the first wave of accumulation started in may of 2022… Volume on the handle that started forming in Nov 2023 has now gradually went down and is a great sign that selling pressure is exhausted/coming to a end and we can expect whales to pump this thing up from here.
Long
by GabrieTrades
DYDX: Poised for a Breakout After 651 Days Below $4DYDX: Poised for a Breakout? DYDX has been on a tear lately, breaking above the $4 resistance level for the first time in over 651 days. This is a significant technical development, as it could signal the start of a new uptrend. Volume is also increasing, which is another bullish sign. This suggests that there is strong buying pressure behind the move. The RSI indicator is also nearing overbought territory, which could lead to a short-term pullback. However, if DYDX can break above this level, it could be off to the races. A parabolic trendline can also be drawn, which further supports the case for a bullish move. Overall, the technical picture for DYDX is very bullish. A break above $4 could trigger a significant rally. Traders should watch for a break above $4 and increasing volume to confirm the breakout. A stop-loss order can be placed below $4.50 to protect against losses.
Long
by saeedalipour93
3
Alikze »» DYDX | Ready to defeat the dynamic triggerAccording to the previous post after the target touch. Currently, with the support of zone 3.13, it is possible to break the dynamic trigger and advance to the first supply zone, after which it will be able to reach the next supply zone. But according to the type of behavior and structure, higher floors and ceilings, and rising guard, it is ready to defeat this trigger. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
#DYDX #DYDXUSD #DYDXUSDT #Short #ShortSetup #Eddy #DYDX #DYDXUSD #DYDXUSDT #Short #ShortSetup #Eddy We are in profit for more than 60% of the growth of this currency, it seems that there will be a correction from here and if the conditions and market confirm, I will enter the reverse trade from here. Please keep an eye on Bitcoin and indices including Total 2 and Tether chart. Do not enter into the transaction without obtaining the necessary approvals. The reason for the decision for short transactions is the analysis of the market, Bitcoin and Tether charts. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of #Bitcoin from the link below : My #Analysis of #USDT "Tether Market Cap Dominance" from the link below :
Short
by Eddy_Trade_
DYDX offers an impressive profit potential of +850%The BINANCE:DYDXUSDT pair is exhibiting a notable resurgence from its support zone, indicating a prevailing bullish sentiment. While a minor correction remains a possibility, its likelihood appears diminished. Nevertheless, it's prudent to maintain a Dollar-Cost Averaging (DCA) strategy, with a focus on a threshold of 2.0 in the event of a price reversal. Should the current upward trajectory persist, the forthcoming resistance level is approximately $5.00. Entry Price: Presently hovering around $2.79, with additional DCA consideration at $2.00. Targets: 1. $3.50 2. $4.45 3. $8.56 4. $11.87 5. $14.76 6. $26.68 Stop Loss: $1.76 This trade presents a favorable opportunity, boasting significant profit potential. Best regards,
Long
by VectorAlgo
15