Dydx
💡Don't miss the great buy opportunity in DYDXUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DYDXUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 35
Take Profits:
TP1= @ 8.519
TP2= @ 8.995
TP3= @ 10.725
TP4= @ 12.978
TP5= @ 14.256
TP6= @ 16.555
TP7= @ 20.568
SL= Break below S4.8
DYDXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price has been able to break its resistance line which is acting as the support line now. We expect it to make a pullback to the support line and then continue going up. If it stabilizes below the support line, then there will be more falling which is less likely but you need to keep that in mind as a possibility.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
DYDX moving bullish after long timeDYDX seems to bottom out. It closed bullish in weekly chart after 11 weeks. It closed bullish on daily chart as well and even made a break from the smaller falling wedge (red dotted line). The price is now trading above 13 and 20 MA and closing the gap to larger falling wedge – break above would trigger very bullish move (yellow dotted line). DYDX has lots of potential on the upside. My targets; TP1 $11.5, TP2 $15, TP3 19.2, TP4 $23.6; SL under 7.1 - small chance.