Hey Traders
-Today we will look at DYDX/USDT chart which looks really good in my opinion...
-The price has created a nice falling wedge pattern just like from the books and there could be potential move up right to latest high
-We are looking on 12h TF and the price is sitting on GOLDEN POCKET ZONE from fibbo which is from 2.128 to 4.379 and also the 100MA is holding the price
-Its even better on 1D TF where the price is supported by 50MA/EMA
One thing to notice
-In Falling wedge pattern, the double bottom pattern is possible. When we break the neckline
and retest it, we can see double confirmation...
I will keep you updated...
This is for DYDX/USDT analysis, thank you for your attention!!!
Good luck traders!
-Today we will look at DYDX/USDT chart which looks really good in my opinion...
-The price has created a nice falling wedge pattern just like from the books and there could be potential move up right to latest high
-We are looking on 12h TF and the price is sitting on GOLDEN POCKET ZONE from fibbo which is from 2.128 to 4.379 and also the 100MA is holding the price
-Its even better on 1D TF where the price is supported by 50MA/EMA
One thing to notice
-In Falling wedge pattern, the double bottom pattern is possible. When we break the neckline
and retest it, we can see double confirmation...
I will keep you updated...
This is for DYDX/USDT analysis, thank you for your attention!!!
Good luck traders!
There is bullish divergence forming on 4h TF and I want see bullish action and wait for next Daily candle...