Hello traders .
because this coin haven't very clear weekly chart I must start with the daily time frame ; but before that I want to appreciate all of you guys for all of your likes and comments , as usual don't forgot to follow me if you are interested in my ideas 🙏🐺.
so let's dive into the chart :
in the chart above we can see DYDX is still bullish because price hold above the previous low , and created HL , and in the other side we can see price already testing the 0.618 Fibonacci retracement level which is in my opinion is very strong support level and have good potential to turn into PRZ area .
in the another point of view we can say if price hold 0.618 level and start to reverse from this level and break the bull flag pattern ; there is very strong potential to see AB=CD pattern :
but before reaching the technical target of this pattern , DYDX must break the daily resistance structure ( blue box ) and hold above it .
because this coin haven't very clear weekly chart I must start with the daily time frame ; but before that I want to appreciate all of you guys for all of your likes and comments , as usual don't forgot to follow me if you are interested in my ideas 🙏🐺.
so let's dive into the chart :
in the chart above we can see DYDX is still bullish because price hold above the previous low , and created HL , and in the other side we can see price already testing the 0.618 Fibonacci retracement level which is in my opinion is very strong support level and have good potential to turn into PRZ area .
in the another point of view we can say if price hold 0.618 level and start to reverse from this level and break the bull flag pattern ; there is very strong potential to see AB=CD pattern :
but before reaching the technical target of this pattern , DYDX must break the daily resistance structure ( blue box ) and hold above it .