Dydx
Dydx price targets before unlock BINANCE:DYDXUSDTPERP
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Watch this potential plan before unlock coins at the beginning of February
Possible Targets and explanation idea
➡️We trade over 230 days in an accumulation range.
➡️Before massive unlock coins at the beginning of February whales can pump #DYDX because they need liquidity to sell
➡️On weekly chart we formed 2 bottom and targets is 0.5 lvl and 0.78 lvl
➡️ After this level and unlock we can see pull back down again to main support level 2.70 - 2 $ per DYDX
➡️ Most hyped price when we can see FOMO on DYDX is 10-11$
➡️ Its just local picture for middle term targets
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Short DYDX
DYDX has bounced from the weekly support. However, it is showing the weakness at the local trendline resistance (in blue).
Moreover, when looking at its 1W TF chart (see screenshot below), prices had lost the wickless weekly trenline (the lower one of the descending channel). This one has become a resistance (seconde one, along with the blue trendline on 1D TF).
In my opinion, one could consider to short DYDX as setup shown in chart.
Targets: levels of trend-based fibo
SL: above the EMA 50D
Invalidation would be: weekly close above the wickless weekly trendline with some strong signs (big buy volume for examble)
Dydx short scalp setup before spot long.
Hi @everyone,
I just opened a short scalp trade on DYDX.
If the short hits it targets we are going to hedge DYDX. (we are buying spot long ) As we showed in our previous post on DYDX that we expect a bullish rally if the downtrend is ending after the SPRING phase. The long position would be a ''SWING'' setup and could take weeks/months to achieve targets. While we are waiting for the spot long entries we are taking this short scalp trade.
Entries (zone) and take profits for the short setup are in the menu on the chart.
We will update this, and the previous DYDX ideas with the tradeplan for buying spot long,
Regards,
Team Quantistic
Two scenarios are clear to dYdXHello, I really think that currently none of the other cryptos have a clear trend like dYdX.
You can see in the chart that the price of dYdX is now in a very strong support area and we cannot consider more than two scenarios for it. You can enter the trade easily and with low risk by placing a stop above or below the specified area
The first scenario seems to happen sooner. Of course, I predicted it a few days ago, but I couldn't share it with you because I was busy.
I hope you always make good profits. Please share with me if you have any comments
#DYDXDYDX token l2 months ago had a bull period now it is in very strong support. Now it has double dip. It seems that I will reach up to 1.85. S&P 500 movement is going to specify that movement. And when we check SP500 it seems positive also. Therefore, for NOW, I only expect it to reach up to 1.85 directly. On 1.85 it should be lingered there. If it breaks 1.85 and If sp500 goes positive We can talk more. Maybe 4 or 5 dollars.
Expecting Upside Breakout and then 20-40% drop If the CEX FUD continues next week then here have opportunity for these DEX platforms. And another thing is 1% of DYDX tokens unlock in next 20th . So I believe some short bearish trend after that. But please don’t enter short positions with out getting confirmations. #DYOR #NFA
BINANCE:DYDXUSDTPERP
DYDX CAN DROP MOREHello, dear traders. how are you ? Today we have a setup to buy/long the LIT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
DYDX LONG TERM LONGHello everyone here is Faisal Afghan crypto trader
Here is the daily chart for DYDX and we are here buying at the key level
The only confirmation is the support level right now and we are waiting for Macd to cross as like the previous time It had Bounced right from here
we are placing a buy position
trade safe
have a good day
DYDX is back to potential buy zoneLast time, DYDX trade had reached the 100% target (see link below in Related Ideas). Since then, DYDX has continued to decline and its prices are back to the weekly support area.
One reason was that the hype on DEXs didn't last long (after the fall of the CEX FTX). We can see that it's still soon for CEXs to get a sustained attention from long-term investors.
In my opinion, it is an interesting moment to keep an eye on DYDX for both short-term trade and long-term hold.
DYDX weekly double bottom. TargetsBINANCE:DYDXUSDT
Before massive unlock coins at the beginning of February and by this pattern we can see huge rally and FOMO on this coin
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets and explanation idea
➡️Weekly timeframe perfect double bottom. With 0.01$ beat previews high so it shows the future direction
➡️Beginning of February massive unlock coins from early investors and funds. We can see fake hype around before unlock
➡️Fib since drop in April still relevant
➡️Targets 0.5-0.618 lvl by Fib and 1.618 to bring FOMO
➡️After this targets Im expect drop one more time down to 3-2.70$ around March
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.
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!