Short
Dydx (DYDX): Touching 200EMA / Possible Rejection
Dydx has yet again reached the 200 EMA zone, where historically we have been getting nice rejections and a start for further downward movement.
If we see a nice rejection and price will not break that line there, we should see a nice downward movement from here!
Swallow Team
If we see a nice rejection and price will not break that line there, we should see a nice downward movement from here!
Swallow Team
Note
Dydx has made a nice rejection so far, showing us a demand for downward movement here.
We are looking now for that 100EMA to be fully broken and secured and then a nice downward movement should occur!
Note
Dydx has to break the sharp trend we have in the 4-hour timeframe.
After getting a nice rejection from 200EMA, we are now seeking a break of trend that would leave a price in a free fall zone!
Note
After breaking the trend line, we had a nice downward movement where price reached our target zone and resulted in 20% of market price movement!
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.