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Dydx

DYDXUSDT = Forming a triangle patternAs you can see in the image BINANCE:DYDXUSDT is currently forming the triangle pattern. in the next few days we can see the triangle pattern forming. The triangle formation is between the strong support and resistance. Support is around 2.5$ and resistance is around 2.8$. Most likely the triangle pattern break will be towards the resistance and we can see some nice bullish moment, however we ned to wait till the breakout to be sure. We will update the chart when the triangle formation completes and breakout is confirmed. Cheers! GreenCrypto
by GreenCryptoTrades
#DYDX The possibility of retesting the resistance rangeH1 : after the correction of the previous wave, which corrected 23% of the previous wave and exited the output channel. it can now have a short-term upward rally after the pullback to the broken structure to the resistance range of entering the sell position of the previous post. If confirmed in the green box, you can enter the purchase transaction. In addition, the first target is the 61.8 Fibo range. In case of failure, it has the ability to grow to the next range. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
Long
by alikze
DYDX Is Going Crazy Soon! DYDX Has Been inside a Trading Range For Almost 1.5 Years. Based On Many Reasons, I Believe, DYDX Will Explode in The incoming Weeks. 1- Blue Lines indicate Bottom And Top Lines Of Trading Range. As You Can See, The Price Engulfed Completely The upper Line To The Upside, So The Major Sell Orders On This Level Filled in 2023. After That, Price Went into the Fake-Out Phase, Which is indicated On The Chart Below, To Gather The Remaining Buy Orders. Always Remember The Market Movements Are Designed To Move Toward Levels That Have The Most Amount of Liquidity. Next We Had The true Break-Out Phase, Which Happened in form Of a Huge Bull Flag. Do You See The Flag? 2- The Broken Upper Side Of The Trading Range Would Be Considered As The Support Zone, So The Market Gave Us The Best Opportunity To Enter This Asset, Did you Accept That? Did You Notice This Sweet PullBack? 3- Price Action constantly Made Higher Highs And Higher Lows in the Weekly Timeframe Since The Beginning Of 2023, Which Indicates a Huge Upside Move. It Touched An Important Order Block In The November 2023 Which Caused To Fill Major Sell Orders, So This Level Would Be Considered As a Weakened-Resistance-Level. I Expect DYDX To Shatter This Order block In The Coming Months. 4- The Main Resistance Detected! Just Watch-Out The Collision of The Static And the dynamic Resistances, This Zone Is The Major Resistance, So Once This Zone Breaks, The Sky Would Be Limit! 5- In The weekly I Think This Reaction To The Broken Cloud Is A MasterPiece! The Upper Border Of The cloud Just Supported The Price So Sweet, And The Lagging Span Is Going To Break Through The Cloud Soon. Once It Happens, DYDX Is Going Crazy In The weekly! 6- If You Can't See That Huge Monthly FVG, Go To The Optometrist immediately! 7- Based On The Fib Channel And Price Action Levels, The Targets Are Shown On The Chart Below. I Hope You Enjoy This Idea. If You Do, Like, Follow And share This Idea.
Long
by Trading-Mechanics
DYDX - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 DYDX has been overall bullish , trading within the rising channel in blue. Currently, DYDX is undergoing a correction phase and it is currently approaching the lower blue trendline. Moreover , it is retesting a strong support zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #DYDX approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
DYDXUSDT long IdeaHello everyone! Bullish breakout spotted! Planning to buy if the price sustains above the channel resistance, aiming for $3.00. BINANCE:DYDXUSDT ⚠️ Hey friends, just a heads-up: This content reflects my personal take on the market, driven by what's out there for everyone to see (news, reports, data) and my own trading experience. While some of my thoughts stem from actual trades, others are just me brainstorming. Remember, I'm not a financial advisor, so your trading decisions are yours and yours alone. ✅ Got questions or ideas? Hit the comments! I'm always up for dissecting any crypto, currency pair, or stock index that catches your eye. Just drop a name or a chart, and let's explore it together!
Long
by Arash-RK
DYDX/USDT A Bullish Trajectory from demand ?👀🚀DYDX Today Analy💎 Attention ,Paradisers! A lucrative trading opportunity awaits you with #DYDXUSDT, as it exhibits signs of a bullish breakout from the demand zone. 💎Looking at #DYDX historical performance, we can see that it has been moving within a descending channel, testing the channel resistance twice. Currently, it is rising for a bullish continuation from the demand level of $2.550. If it maintains its upward momentum, it could reach the supply zone above $4.240. 💎 However, in the dynamic world of trading, having a backup plan is essential. If our initial analysis fails to materialize, we are prepared to switch to a possible bullish bounce from a lower demand level at $2.228. But be aware that falling below this level could trigger a significant bearish drop.
Long
by MyCryptoParadise
1
DYDX/USDT Breakout the Falling Wedge. Bullish Momentum ??💎 DYDX's market performance has recently been in the spotlight. Presently, DYDX has impressively broken out of a falling wedge pattern, indicating bullish momentum for its upcoming movements. 💎 The price is currently in a retesting phase at the trendline, and there's a strong probability that it may bounce back, resuming its upward trajectory towards our targeted bearish OB area. 💎 However, if DYDX dips below the trendline again, it could be a sign of a false breakout, which might lead to a reversal in its trajectory towards the support level at 2.25. 💎 The support level at 2.25 is a critical juncture for DYDX, given its history of being a strong point of resistance or support. If DYDX revisits this level, a bounce back would be essential to prevent a shift into a bearish trend. Failure to rebound from this support could mean a continued decline, potentially leading to even lower price levels.
by MyCryptoParadise
DYDX/USDT Could DYDX Breakout the Falling wedge ?? Keep On EYE!💎 DYDX, a prominent player in the cryptocurrency market, has recently shown strong performance. It exhibited a robust bounce off a key support area and is currently on an upward trajectory toward a pivotal resistance trendline within a falling wedge pattern. 💎 A successful breach of this pattern could catalyze DYDX's continued rise, possibly leading it to challenge and break through the bearish OB area. 💎 However, should DYDX encounter resistance at this trendline and fail to break out of the pattern, there could be a reversal in momentum. This scenario might see DYDX retrace its steps back to the support zone around the $2.26 mark, where it would need to gather new momentum. 💎 The support zone at $2.26 becomes critical in this context. DYDX must demonstrate resilience at this level to maintain its bullish stance. A failure to hold above this support, marked by a breakdown, could signal a shift towards a bearish trend. 💎 Such a development would likely result in DYDX descending further, potentially towards a stronger demand area, underlining the significance of its ability to maintain support levels.
by MyCryptoParadise_Nathan
2
DYDXUSDT.1DBased on the provided market data, the DYDX currency is currently trading at a price of 2.787 USDT. The currency has relative strength index (RSI) values of 60.86, 49.29, and 52.38 for the 4-hour, 1-day, and 7-day periods respectively. These values indicate that the currency is neither in an overbought nor oversold state. The moving average convergence divergence (MACD) values for the same periods are 0.079, -0.057, and 0.221 respectively, showing an upward trend in the shorter term (4 hours), a slight downward trend in the daily term, and a strong upward trend in the weekly term. The Bollinger Bands (BB) for the 4-hour, 1-day, and 7-day periods are 2.991, 3.475, and 3.696 respectively, with the current price being below the upper band in all cases, indicating that the currency is not overpriced. The support levels indicate the prices at which there is a large volume of buyers, potentially preventing the price from falling further. The resistance levels are the prices at which a large volume of sellers may cause the price to stop rising. The closest support and resistance levels for the 4-hour period are 2.645 and 3.212 respectively. For the 1-day period, these are 2.230 and 3.500, and for the 7-day period, they are 2.578 and 4.260. In conclusion, DYDX is currently showing a mixed trend with a slight bullish signal in the short term. The currency has moderate volatility, as shown by the Bollinger Bands, and is not in an overbought or oversold state. As always, it's important to consider other factors, such as news and market sentiment, when making investment decisions.
by MarsSignals
DYDX Outlook. De-Perp Leader with 600+% Uptrend PotentialDecentralised Perpetual Leader in the Making? An Outlook report on Perps Reliable-Beta play: DYDX Exchange as capital flows. Date: January 12, 2024 Overview: The DYDX/USDT pair, representing the token of the decentralized exchange dYdX on the USDT market, has been analyzed over a 3D timeframe on Binance. The data suggests a market that is highly responsive to developments within the DeFi space and sensitive to trader sentiment as indicated by the Z-Score Probability Indicator. Technical Indicators: Z-Score Probability Indicator: The Z-Score has recently retreated from a peak of last quarter, which indicates a potential overbought scenario and possible retraction from those levels. The mean reversion tendency observed suggests that the price could find temporary stability around the 2.329093 level, which coincides with previous peaks and troughs in the Z-Score. Key Pivot Levels: DYDX has key pivot levels that are acting as significant support and resistance zones. Currently, the price is hovering around Key Historic Level 1 at $1.9347. A hold above this level could be bullish, whereas a break below might signal bearish sentiment. Further up, Key Historic Level 2 and Level 3, at $3.7140 and $5.3420 respectively, are levels to watch for potential resistance and price reversal points. Price Action and Chart Patterns: The price action has shown higher highs and higher lows, a bullish indicator on its own. However, the market appears to be in a consolidation phase after the recent high. A breakout above the current consolidation could see the price target Key Historic Level 2, while a breakdown below the current level could lead to a test of the lower support at $1.60, marked as a key test level on bearish outlook. Market Context: The performance of DYDX has to be contextualized within the broader DeFi narrative, which has seen varying risk-adjusted returns since 2023, with derivatives and perpetuals exchanges like DYDX presenting an interesting risk-reward profile for traders. The broader market conditions, as illustrated by BTC’s performance, show that DYDX has been able to outperform BTC in the latest monthly figures, which could be a positive sign for the token’s strength in the market. Potential Strategy: Traders may consider a bullish position if the price remains above the $1.9347 level with an eye on the key historic levels as potential targets. Conversely, a bearish stance may be warranted if the price breaks below the current pivot level with a target of $1.60, aligning with the bearish outlook test level. Risk Management: Invalidation on break of channel below. Traders should also consider the macroeconomic factors and DeFi space developments, as these can have a substantial impact on DYDX’s price. Conclusion: DYDX/USDT appears to be in a crucial phase, with key pivot levels acting as determinants for future price action. The recent pullback in the Z-Score indicates a potential cooling-off period, which could be followed by a decisive move. Traders should monitor these levels closely and be ready to adjust their strategies according to the breakout direction. This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own due diligence before trading.
Long
by meloneusk
DYDX/USDT Preparing for an Exclusive Bull Run? 👀🚀DYDX Analysis💎 Paradisers, focus your attention on #DYDXUSDT, as it's showing signs of a potential bullish breakthrough from its support zone. 💎 #dYdX is currently exhibiting a strong upward trend, with high expectations for a bullish move from its present demand level. If #DYDX can sustain its momentum above the $2.303 mark, there's a good chance we could see a substantial movement towards the significant resistance at $4.23. 💎 In the dynamic world of cryptocurrency, the ability to adapt and modify strategies is key. If #DYDX struggles to maintain its ground above the $2.303 demand level, we might need to consider a strategic redirection. 💎 Under these circumstances, our focus would shift to a potential bullish move starting from a lower support level at $1.87. Monitoring this level becomes essential, as falling below it could prompt a strategic change, reflecting possible difficulties in maintaining a bullish trend in the #DYDX market.
Long
by MyCryptoParadise_Simon