Dydx
#DYDXBUSDDYDX after days going down now broken the down trend line and enter on a positive trend line.
DYDX has done a nice breakout, Next target is 10$!DYDX Short term Update
DYDX is a high potential coin in crypto environment as you know, This coin rejected perfectly from 7.211$ zone.
A breakout of descending trend line and static support zone was a good sign for end of this long correction.
This coin is out of its descending channel now, And this is perfect.
Some range movements above current support area(Blue area) is expected and then the first TP for this coin can be 10$.
DYDXIt comes down as a channel pattern
To climb, you have to break the dynamic and static roof at the same time at the price of $ 12
Given the small market value, the risk is high
You can enter in several steps
My SL is priced at $ 7
Do not use SL and reduce the average purchase at the bottom of the channel
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I have identified the goals using three-point FIB
Of course, one can look at history and draw resistances ...
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If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...
DYDX refueling for flight ...The DYDX is in a position to start a strong uptrend.
The compactness of this token is coming to an end, and these days it has to decide which way to go.
This movement is unlikely to be down. Because in this case there is no resistance below this position. (Visible resistance)
Strong fundamentals and good conditions The chart of this young token shows a sharp climb.
If ascending, the best point to enter after the pullback is on its trend line. $ 10
Good luck ...
depth seeker.dydx is a solid exchange, one of my favorites.
but because it is so new, market maker is going to try to do their best to get the best possible deal before they run this bad boy up into the heavens.
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once btc completes this larger frame correction, dydx will be one of my top picks.
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longer term target for this gem sits at around $100, but not before a deep dive to where it all began.
possible it even takes out the lows to invalidate the potential for this 1-2.
a break of the lows would be my ideal scenario tbh - to get it for the lowest possible price in an area most would absolutely fear buying.
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how low this goes depends entirely up to what btc wants to do from here.
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best of luck 💸
DYDX/USDT 300% Potential from here..? From $9 to $50 ..?#DYDXUSDT Update :-
$DYDX looking good for accumulate.
Big Bull flag in Big time frame.
But
For Bullish zone need to breakout $12
If break $12 then we can see $30 easily.
My entry is $8-$9
Stop Loss is $7.20
Targets :- $12/$17/$26/$36
Support :- $8.0
Resistance :- $12
DYDX/USDT two scenarios to playWell it can't be any simplier, if we manage to break out above that purple box then we can open long position to around 12.4 which is maximum range of this formation. If we will break out to the downside then we can short the ponzi til 6-8$ range :).
It is not a financial advice, I'm just sharing my personal view.
💡Don't miss the great buy opportunity in DYDXUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.35).
. 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.
dYdX (DYDX) Buy ZonedYdX (DYDX) Buy Zone
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BIAS
Mid-Term : Bullish
It is currently at the 2nd bottom support and if it holds above it, we might see a good upward move from here.
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$DYDX/USDT SPOT SETUP
Entry Price : 12.3 - 13.135
TP 1 : 14.175
TP 2 : 15.4
TP 3 : 16.2
TP 4 : 17.9
TP 5 : 20.25
TP 6 : 23.9
SL : 10.9
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It's time for DYDX24 hour trading volume is up 102.35% at
$557m while DYDX has a Market Cap of only $875m
Their next epoch is on December 21st giving us 18 days before 3,838 (at the time of writing this) more coins hit the market.
It's price has retraced 59% from it's high when first was listed on Binance and has bounced off it's support at $12 twice with a 44% gain the first time. I'm expecting it to break trend on this channel down and think we could easily see returns from 60% - 106% in a short in a short period of time.