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

Trade closed: stop reached:

failed ,till its under supports ,which are already resistanses