DYDX-accumulation,double bottom ,wedge and higher lows.Hello everyone
Good title,right?
On daily chart on DYDXUSDT, we have good amount of structure and context for a reversal.
I know many people may say" that's a bear flag right there ", yes with a pinbar rejection and a weekly wedge and higher lows. That's why the price is more likely to touch the 4.55$ or the bottom trend line again ( because of the shadows of the last 5 bars & the hanging man of today)and we will have a rejection there and might see the price reaches 6$ by the end of the month.
Have a good trade & don't be greedy.
Dydx
Bears cant push it down further Time to load up $DYDXA very persistent RSI bullish divergence on daily. Price is not going much down in every down swing, which is a clear indication that the bottom is in.
At this point, the risk to reward is extremely good and you can go long and hodl till the volume and fomo picks up,
Thank me later.
Cheers,
Nav
DYDXUSDT - SETUPDYDXUSDT:
Price is flirting with EMA 21 yesterday but got rejection. Today bulls are trying again to break above and same time breaking the falling trendline, Momentum is fine So we are expecting they can negate the bearish activity and move forward. If reject again then buying on dips will be the Plan B. So keep watching the Price action.
DYDXUSD staging a complete bullish reversalDYDXUSD is on a strong green candle on the 1D time-frame that hit the 1D MA50 (blue trend-line). A break above it will make a strong reversal case on the long-term as after that, the last barrier to break would be Lower Highs trend-line 3. Basically this is a bullish reversal on its last stage as we can claim that since February 24, DYDX has made a Triple Bottom formation and is on a 1D RSI Bullish Divergence, which is on Higher Highs and Higher Lows as opposed to the price action's Lower Highs and Lower Lows.
The LMACD is close to a Bullish Cross and a break above the Lower Highs 3, would put the coin inside the Break-out Zone, which would make it a confirmed Buy. After that, and despite having to overcome the 1D MA200 (orange trend-line), DYDX should gradually start filling the 0.5, 0.786 and eventually 1.0 Fibonacci levels and those are our targets on the long-term.
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expect a Breakouts at this point!!hello everyone
We can see the accumulation in this market for almost all of the cryptocurrencies, and for most of the day trading strategies. this accumulation tightened the market spring and a breakout is Inevitable.
We have symmetrical triangle form as the two trend lines touching,and we have the same pattern in our RSI too.
Due to the spikes in volume and the amount of BITCOINS leaving the brokers, i expect most of the cryptocurrencies with the same pattern to break the upper trend lines.
DYDXUSDT, We can go up until now Hello everyone
Did you check our last analysis of DYDX ??
DYDX is for the future not now but for years later its amazing because ...
In here, as you can see we were broke the key point level and this event gave chance to the price to start new rally because the trend can be change from this level , according to the chart in daily time that we have 100% correction for the last breakwave we can but one step in this zone and if the price rises up we can take profit but if the price drop more from here we can buy more .
Put your stop loss if you wanna trade it below the blue box ( prz level ) but if you wanna hold it you can delete your stop loss and buy in lower price.
Good Luck
Abtin
Previous analysis :
#DYDX/USDT LONG TERM VIEW , 275% POSSIBLE !!Hello, members welcome to this DYDX/USDT 4hr chart analysis by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
DYDX/USDT looks bullish here, As we can see in the above-mentioned chart that DYDX broke the falling wedge pattern and retested.
In the current scenario, it's still trading at the green zone which is also the buy zone.
I am expecting a 275% potential rally in the upcoming weeks.
So we can hold it at the spot for upcoming 2 to 3 months for some good profit.
Entry:- $4.50,$4.90
Traget:- 275%
Stoploss:- $4.30
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...