DYDXUSDT
💡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.
A leading decentralized exchange (DYDXUSDT analysis)📉📈
Market Cap: $$937,409,071
Circulating Supply : 56,337,466.00 DYDX (6%) ❗❌
Max Supply:1,000,000,000
Holders Statistics:
Top 10 Holders 70.95% ❗❌
Top 20 Holders 80.33%
Top 50 Holders 90.97%
✅What Is DYDX ✴️?
dYdX is an exchange built by developers on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading.
DYDX token is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
Founded back in 2017 from ex-Coinbase and Uber engineer, Antonio Juliano, dYdX is a leading decentralized exchange offering Perpetual, Margin, & Spot trading, as well as borrow / lend pools on Ethereum. Users can earn interest or take loans for a nominal fee as well as trade on margin with custom leverage.
Trade your crypto, the safe and secure way, with dYdX
coinmarketcap- dydx.community
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📉📈TECHNICAL ANALYSIS
As you can see in the Daily time frame for DYDX/USDT, the price is trading around 17 $ right now.
since October after dydx reached its ATH ,it has entered in a retracement and consolidation phase, now I can imagine an expanding triangle pattern that ,the price can raise and play in this shape in the long term . but you probably know the market can form any kind of pattern. I think it wants to jump around from its recent consolidation zone .so if this candle closes above its near green support ,it is not so far to reach to red box resistance around 23$ , Well after that it can have a temporary rebounce on it previous supports and continue its upward rally ,or if it closes above resistance by a sharp candle it it hasn't any resistance in rising way .
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards
dYdX (DYDX) Buy ZonedYdX (DYDX) Buy Zone
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BIAS
Mid-Term : Bullish
It is currently at the 2nd bottom support and if it holds above it, we might see a good upward move from here.
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$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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DYDX test resistance of the falling wedgeDYDX / USDT
DYDX was in downtrend inside this falling wedge Since October (More than 2 months)
Today we got bounce from support and once again test strong resistant line
Nice rally will happen if bulls able to break/hold above this resistance
Can the buyers finally break this bearish resistance line ?
DYDXUSDT , Market give another opportunitiesHello everybody
Did you check our last analysis of DYDX ?
Again the market give us opportunity to buy in buy zone area , this is the most important level of supporting , and the key point of trend .
According to the chart that the price is supporting in here we expect this time to break the resistance level that is long time on our way ( trendline resistance ) , and after that we can reach to the new target
We shown another zone that you can buy if the price dump of shadow to it
Previous analysis :
If you have any question send us message
Good Luck
Abtin
Dydx really!hey traders, there is Dydx ,as we see at the chart, we need closing above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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DYDXUSDTThe Market is currently in a downtrend. It's hit the support zone and was rejected at 23.6% Fibonacci retracement. It then retested support. A double bottom could be formed if the price breaks out of the support zone. If a breakout of the descending triangle is confirmed, the price would have to break the neckline at 16.351 to continue further movement to the upside.
Entry: 12
TP: 14-16-19.6421.58-24.34-27
SL: 10.904
This analysis would be invalidated if the price fails to break the neckline and if the price continues a downward movement and breaks the support zone.
DYDXUSDTThe market is currently in a downtrend. The price bounced off support and got rejected at 23.6% Fibonacci retracement. A double bottom could be formed if the price doesn't break the support zone. The price would have to break out of the descending triangle. Break out of the descending triangle would see zones of last known resistance.
Entry: 12.656
TP: 15-27
SL: 10.267
This analysis would be invalidated if price fails to breakout of the descending triangle