DYDXIf the support line is broken, the price will reach to 1.4 and then to 1
Wyckoff redistribution schematic
DYDXUSDT.PS trade ideas
DYDX Token UnlocksTechnical analysis :
DYDX near channel up support level at 2.953, if this support able to hold bearish movement, bullish target at 3.611
But if it break down, bearish will reach 2.511 or maximum target at major support at 2.062
Fundamental analysis :
DYDX already unlocked 34.2% supply and will unlock $101.67M or 12.35% supply tomorrow.
Mostly unlocking large quantity supply will create short term dump.
"DYDX/USDT Long Alert 🚀: Potential Rebound from Strong SupportLONG #DYDX/USDT
"DYDX is currently trading above the long-term established support level, and there is anticipation of a significant rebound from this point."
📈Entry Point: CMP). Additionally, be prepared to add more positions if the price drops to $2.652
💹 Targets: $2.860 $2.992 $3.143 $3.627 $4.3
⛔️ Stop Loss (SL): $2.556 to limit potential losses.
📊 Leverage: 5x to 10x
R:R :- 1:6 (Lucrative)
Use leverage cautiously and in accordance with your risk appetite. It's advisable to be conservative with leverage to mitigate the risk of significant losses.
Remember, This is not Financial Advice!
On the Bullish Road, DYDX has to stop at some station | LongBiasOn week chart
DYDX has grown through 1 year and reached to 4,363 on Nov 2023
Now, DYDX is pulling back to lower to accumulate awhile before going up
My view for this bullish around 6,3 that's #SupplyZone
DYDX has #Support around 2,17 this zone is #Apex between two trend lines
Time will tell
📉 DYDX: Awaiting Shakeout for Further Ascent 🚀DYDX is currently navigating a substantial ascending wedge pattern, having recently experienced a swift breach of the upper boundary that prompted a notable short-term reaction. The current phase involves a retest of the previously contested resistance, which has now transformed into a support zone. A potential shakeout beneath the lower wedge boundary is anticipated to capture liquidity before embarking on the next leg of the upward movement.
📊 Key Observations:
📈 Ascending Wedge Dynamics:
DYDX is ensconced within a large ascending wedge, presenting a structure that often precedes decisive market movements.
🔄 Retesting Transformed Support:
The ongoing phase involves a retest of the support zone, formerly a resistance level breached during the recent upswing.
📈 Technical Analysis:
🔄 Shakeout Anticipation:
Anticipation of a shakeout beneath the lower boundary of the wedge, designed to capture liquidity and set the stage for the next bullish phase.
🚀 Expected Shakeout Strategy:
🔍 Liquidity Capture:
The shakeout aims to secure liquidity from both sides of the market, setting the groundwork for a robust and sustained upward movement.
📊 Strategic Considerations:
🧐 Vigilance during Shakeout:
Traders are advised to remain vigilant during the anticipated shakeout, recognizing it as a strategic maneuver to capture liquidity before a potential surge.
📝 Conclusion:
DYDX's current chart setup, characterized by an ascending wedge and a transformed support/resistance zone, points to a calculated shakeout as part of a broader market strategy. Traders should monitor this phase closely, recognizing its role in securing liquidity for the ensuing bullish momentum.
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DYDX - BUY SETUP (DEC 2023)DYDX - BUY SETUP
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. The price action and key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.
DydxLooking exceptional here..
If we can hold above the old listing price ~3$ then we can start to look to the old ranges (way up ~20$) for new targets..
This thing is exceptionally functional does basically everything a premium dex can offer
Itll have a monster cycle
Is the largest volume perp dex on any network..
2-leg for buyer (DYDX)❤️❤️Thanks for boosting 🚀 and supporting us!
📈We are in small bull-trend so trade with trend but low R/R (2).
📊 (Entry) : 3.373
🔴 Stop Loss : 3.215
🎯 Take Profit : 3.523-3.693
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
DYDX short 1.1.2024.On 1.1.2024. Around 100mil$ of staked DYDX will be unlocked :)
I want to see price touch supply zones and enter short on those levels for safer entry.
DYDX creating a falling wedge pattern on 1Dfalling wedge on CRYPTOCAP:DYDX on 1D
going to start building a long position on this. An example trade idea given with proper risk/reward for the trade
DYDXUSD is Bullish DYDX Recently bounced of important support and broke a downwards trendline. This shows clear bullish priority and has potential to fill the previous wick at 4.25.
Key points
- Keep in mind that BTC is at resistance and could drop, which would make this idea invalid
- Find entry around 3USD
- Could retest the trendline again, failure to close above would invalidate it.
- low leverage MAX 5
DYDX USDT Moonbroke the bearish line
retesting at the moment
expected to reach 4$
you can check the chart and let me know what you think ?
dYdX - will finally move - longI have been waiting for dYdX for a while - I think it's time to get in now.
I see a trend break and nice gap for a potential 30% move.
I don't hesitate to take a spot trade here that I plan to hold for a while. I think we could see a quite fast 30% move.
If you are bullish on dYdX - this could be a nice entry to hold for months!
I think the real movement will start after we see a 4hour close above 3.34.
DYDX can do 100% potential move?As you can see DYDX is consolidating since May 2022, and checked the bottom twice even made higher low. Closing candle above 3.74 will be huge confirmation to look for long position and 6 will be realistic option. I will be taking profits at those green lines.
DYDXKeep an eye on Dydx. It will give a massive profit if they breakout the bullish channel.
BINANCE:DYDXUSDT.P
DYDXUSDT - BULLISH OUTLOOKDYDXUSDT is exhibiting a favorable technical setup, suggesting the potential for a bullish trend continuation. Here's a concise analysis and trade plan:
Breakout and Retest: DYDXUSDT has successfully broken out from a bearish trendline on the 4-hour timeframe and subsequently retested the trendline and a support zone. This is a classic pattern indicating a shift in market sentiment from bearish to bullish.
Bullish Divergence: Additionally, a bullish divergence is observed on the 4-hour timeframe, signaling potential strength in the bullish move.
Trade Plan:
Entry: Consider entering a long position at the current market price or through a BUY STOP order at a price slightly above the breakout level, around $2.90.
Stop Loss (SL): Set the stop loss at $2.45. If any 4-hour candle closes below this level, it could indicate a potential reversal or loss of bullish momentum, triggering the stop loss.
Take-Profit Levels:
TP 1 @ 1:1 = $3.35.
TP 2 @ 1:2 = $3.80.
TP 3 @ 1:3 = $4.25.
Break-Even (BE): After reaching the first take-profit level, consider adjusting the stop loss to the entry point (breakeven) to secure profits and minimize further risk.
This trade plan is designed to capitalize on the breakout, retest, and bullish divergence in DYDXUSDT, providing clear entry, stop-loss, and take-profit levels. Keep in mind that cryptocurrency markets can be volatile, so always stay vigilant and adapt your strategy as needed.
🔥DYDX Setup Is Still BullishHi Guys ✌️
📍 By The Last Update The Price Pumped From 2.8 To The 3.3$ But We Had a Flash Dump To The 2.8$ Support Area Again ,Now The Question Is What’s Is The New Plan And Im Here To Answer This Question ,So Lets Start
👉 As You Can See There Is a 0.786% Fibo At 2.8$ Area Which Supported The Price As Well As Possible ,I Expect a One More Bounce From This Level To The 3.2$ Area And Strong Trend Line Located There Too ,After Breakout This 3.2$ Resistance Level There Is Nothing To 3.7$ As a Short Term Target
For Me The DYDX Setup Is Still Bullish
DYDX/USDT Pairwe are simply entering of on the order block that caused the break of structure. we have seen our confirmation as theres a trendline liquidity above our entry
DydxCup and handle created in last few days
We can see mini bulish flag with target to 3.5$ (blue arrow)
And cup and handle with with big target to 3.9$ (red arrow)
You can profit from this chart a lot of
And dont forget to like the post and sharing with your friends
DYDXmini bullish flag created in 4 h
target is 3.5$
in near future i think dydx can go higher than 3.5$ and can touch 4 $ easy
you can profit in next month more more
take care
God bless you
