Dydx
DYDX bucked trend...for now, just a laggard?The analysis is simple here, on a night the asset class got slaughtered once stood tall, but will it fall?
Viewing this on one hour and technical analysis only it appears that it will follow its class mates.
I will keep this updated throughout the day.
Also view the 4 hour chart for a look at how DYDX bucked the trend.
Also view the linked ideas on BTC to better understand how we came to this point.
BINANCE:DYDXUSDT
dYdX (DYDX) Buy ZonedYdX (DYDX) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
After a correction of over 70% from our All Time High of $27.5 down to a low of $6. That's much deeper than initially expected, however it's probably the best move we could’ve seen before a much stronger comeback.
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$DYDX/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 7.6 - 8
TP 1 : 8.29
TP 2 : 8.76
TP 3 : 9.31
TP 4 : 9.72
TP 5 : 10.24
TP 6 : 10.76
TP 7 : 11.41
TP 8 : 12.44
Stop Loss : 6.96
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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DYDX 5 EWT count invalidatedMy original thesis of a 5 EWT Count starting on January 19th was invalidated once wave 4 dropped below wave 1.
New and improved Thesis! Waiting on what the price decides to do with the Golden pocket, as seen on 1H and 15M charts.
On the 15M chart, if the price breaks above 0.618 (~ 7.267) level with strong volume and is supported by either side or up movement of the BTC price, I'll consider a quick Loong position, targeting:
Long Target 1 = 0.5 Fib (~ 7.479)
Long Target 2 = 0.382 (~ 7.691)
If the price decisively breaks below S1, I'll consider a quick Short position, targeting:
Short Target 1 = ~6.959
Short Target 2 = ~6.691
Looking at current BTC situation, a good Short position is more likely, imo.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
FTX:DYDXPERP
BYBIT:DYDXUSDT
DYDX - WHAT ARE THE NEWS NEXT WEEK?Hey Guys, I`m a big fan of DYDX and the founder said in his tweet "dYdX has not one, but two big launch announcements coming out next week". I hope we reach the ATH soon!
If DYDX go through the daily EMA Ribbon I expect a nice pump to the upside.
What do you think?
$DYDX/USDT 3h (#BinanceFutures)Falling broadening wedge breakoutdYdX Protocol regained 100EMA support and seems to be strong enough to keep going up, let's catch next dip!
dydx.community dydx.foundation dydx.exchange
Current Price= 7.903
Buy Entry= 7.788 - 7.456
Take Profit= 8.533 | 9.435 | 10.725
Stop Loss= 6.919
Risk/Reward= 1:1.3 | 1:2.58 | 1:4.41
Expected Profit= +23.90% | +47.58% | +81.42%
Possible Loss= -18.44%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Contracts:
#ERC20 0x92d6c1e31e14520e676a687f0a93788b716beff5
#SPL 4Hx6Bj56eGyw8EJrrheM6LBQAvVYRikYCWsALeTrwyRU
DyDx scoop possibilityHello people,
Looking at DyDx when it goes to the $3-5$ range I will be accumulating heavy as this project has good fundamentals and good revenue as a DeFi project.
Price action on this coin has not been good, so we want to see a reversal at 3-5$ range.
TIME WILL TELL, but I'm convinced this is a really good opportunity.
DYDX DYDX / USDT
Watching this coin since few days ago …we can see the Price is quickly reclaimed the previous local support around 8$
And Now trying to breakout from long downtrend channel since 4 months
As long as local support hold .. the priority is highly bullish toward big resistance (red area ) and if price able to break it moonshot will come
Keep an eye
Most Detailed and Realistic DYDX analysisFriends, I must honestly state that; Only 7% of DYDX's total supply is in circulation.
As you buy, the project will sell in order to expand itself.
All support and resistance points are indicated.
I have 86,600 DYDX at a cost of $7.32. I spent a lot of time on this project, but I will focus on projects where I will be more profitable.
Young children and they work. I hope they will be successful one day, but when we reach $8.7, I am leaving this project.
I wish the rest good luck.
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Arkadaşlar şunu dürüstçe belirtmeliyim ki; DYDX in toplam arzının sadece %7 si dolaşımda.
Proje kendisini büyütebilmek için siz satın aldıkça, satış yapacaktır.
Tüm destek ve direnç noktaları belirtilmiştir.
Elimde 7.32$ maliyet ile 86.600 adet DYDX bulunmaktadır. Bu proje için çok zaman harcadım, ancak daha karlı olacağım projelere yöneleceğim.
Genç çocuklar ve çalışıyorlar. Birgün başarılı olacaklarını umuyorum ancak 8.7$ a ulaştığımızda ben bu projeden ayrılıyorum.
Kalanlara başarılar diliyorum.
DYDXUSDT, Exactly buy zone area activatedHello everybody
According to the chart and our serial analysis of DYDX, After the crazy dump from 9$ was happend we shown on chart PRZ level that can change trend and it can be the point of the swing trend.
Exactly our 2 buy zone area was activated and now we think we should re-test again the zone and be sure that is the heavy support area after some rise and ...
You can buy guys in these buy zone and reduce your average purchase.
We will update the target after be sure that the price is ready to move upwards but until their time happen you can buy with your own capital management in these zone that we shown.
Good Luck
Abtin
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