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Dydx

DYDXUSD broke above its 1W MA50, one last Resistance remaining.DYDXUSD broke on Jan 27 above its 1W MA50 (red trend-line) and by the looks of it will most likely close above it today for the first time. That is a major technical bullish break-out but at the moment not enough on its own to signal a bullish trend change. The level it needs to break is the 2.7300 - 2.8600 Resistance Zone, which has been holding since May and has basically formed the Accumulation Phase of DYDX during the bottoming process of the Bear Cycle. A break above it should eventually target the 7.15000 (April 04 2022) High on the long-term. A rejection could take us back to the 1D MA50 (blue trend-line) to test the buying pressure. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:DYDXUSD
by TradingShot
LINK - DYDX - SUSHI || Coincidence? I don't think so Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my trading plan / routine, I update my charts and alerts every Sunday night to be ready for the upcoming week. Tonight, while going over all the charts, I noticed that these there assets / tokens are forming similar price action. LINK - DYDX - SUSHI || Weekly Chart: After rejecting a support zone and round number, these three have been stuck inside a range in the shape of a double bottom pattern. 🏹 For the bulls to take over long-term, we need the double bottom pattern to get activated by a momentum candle close above its neckline in gray. Meanwhile, until the bulls take over, we would be stuck inside the range. 📚 We know that the entire crypto market is correlated in a way or another, but these three took my attention as the similarity is huge. what do you think? is it a coincidence? are these three somehow related? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
19
Long Entry at Channel Bottom for dYdXGreetings, Snipers! DYDX has dropped >95% since its peak in 2021 DYDX is currently at the bottom of its channel range at $1.00-$1.20, with previous strong retracements This may draw a potential sideway channel or a triple bottom pattern The $1.00 level is expected to be a strong psychological support $2.30 - $2.70 have posed to be a strong resistance level In the shorter time frame, we can trade this channel: We can take a long-entry now, at $1.00 - $1.10, and sell at $2.30 for a Risk-Reward ratio >5 (SL at $0.84). Please be mindful that Bitcoin is on the verge of breakout of its continuation pattern to the downside, so manage your risks well! Happy Sniping!
Long
by KryptoSnipers
$DYDX will leave you behind scratching your head.FIFTH EXAMPLE! I wasn't going to give more examples of what Altcoins to look for, but this one is a good one and I couldn't help but share it. $DYDX Looking for Targets of $8 within a few weeks/months. KEEP AN EYE ON THIS ONE! My DCA is $1.55 I have no SL, This is SPOT! Try and buy before the Darvas Box accumulation breaks outs. All this depends on $BTC and the continuation of the market. but select coins (Such as this) might not even care about the Bitcoin Market once they move big.
by Printgains
DYDX price at a critical point, then "make it or break it"The DYDX price is now at a critical point On the one hand, the DYDXUSDT price is at the bottom of the trade that lasts for the last 6 months This price gives a good entry point for a medium-term trade +130% to $2.72 or a long-term trade +480% to $6.84 Stop for both positions below $1. The profit/loss ratio is more than adequate. What part of the deposit to buy DYDX, for the medium or long term and whether it is worth buying at all depends only on you and a little more on the market) This was the positive side of our analysis . On the other hand , the trend of DYDXUSDT will change only after the price consolidates above $2.72. And this may not happen, because on 17.01.23, 5.7 million coins are to be sold, which will be 0.57% of the maximum possible supply of DYDX and +4% to the current number of coins in circulation. And from February 2023, investors, consultants, and other early participants of the project will acquire ownership of DYDX, and we are talking about 100+ million coins The increased supply of coins on the market, according to the law of supply and demand , can significantly push the price down. The closer the DYDXUSDT price will approach $1, the higher will be the chance that the fall to $0.58 will not be avoided, and with it the development of the red scenario. For some, this will sound like a total negative, and for others as a chance to buy at a more favorable price. Earlier, in early November 2022, the price of DYDXUSDT showed a sharp increase from $1.20 to $2.72 in a week. During this period, there was a lot of negativity around the FTX exchange and its subsequent bankruptcy. It is very likely that then crypto users transferred assets from centralized crypto exchanges to decentralized DYDX. It is difficult to predict what will happen this time, but the only thing we can control in the crypto market is the risks we are willing to take on a personal deposit. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
DYDX - Fear before unlockBINANCE:DYDXUSDT DYDX and upcoming 15% total supply unlock. Psychology of retail investors always the same! Now everyone see the unlock date and ready to sell their coins because majority think in a same day all funds drop the price. But usually it works in opposite way. To sell big amount of coins funds and earlier investors need liquidity, so they will sell it step by step. Now ill not be impress if we will see some big media posts about DYDX and future of this DEX. So after over 250 days in a range everyone who want it accumulate a lot. Possible Targets and explanation idea ➡️By ADZ big players accumulate a lot on Weekly timeframe and we can see huge divergency. ➡️ Long time period accumulation in a range. ➡️We got FVG on monthly timeframe in red block zone (full fill will be exactly at 0.23 level by FIb) ➡️We trade in a range exactly at -0.27 zone ➡️3rd Feb day of 15% unlock. But we hypothetically can see moves where funds start sell at 4, 6, 10$ in 3 waves Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
Long
by Crypto4light
1