Description
⋅ Many signals here confirm support and support a higher high as the next target for DYDXBTC... Let's dive in.
First, we have a higher low in January 2023 vs September 2022.
Again in January we have the first break of MA200 (black line) as resistance.
Earlier this month MA200 gets tested as support, three times and it holds.
As it was tested for the last time yesterday, we see an uptick in buying pressure/increasing volume right after.
The MACD and RSI both curving upwards and this is all pointing to higher prices.
✔️ These signals are pointing to 0.00023900 as the next target or 130%+ potential from the current price.
This is a decentralized exchange (DEX) and it is set for growth.
Invalidation happens after several sessions closing below MA200.
Namaste.