DYDX has touched the support again and had a good bounce on it towards $19. This can lead to a nice rally towards $21 where we have the next key resistance.
We could break above that level if bullish momentum maintains. As you can see this downtrend channel can also be a bullish flag.
I would not exclude such a scenario where DYDX breaks up and pumps towards a new all-time high.
It is a bit early for that, but if we manage to make the top of the channel support after a breakout then DYDX will pump hard. See idea on the chart.
Indicators are turning bullish under 1D timeframe.
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We could break above that level if bullish momentum maintains. As you can see this downtrend channel can also be a bullish flag.
I would not exclude such a scenario where DYDX breaks up and pumps towards a new all-time high.
It is a bit early for that, but if we manage to make the top of the channel support after a breakout then DYDX will pump hard. See idea on the chart.
Indicators are turning bullish under 1D timeframe.
Like and follow if you liked this idea!
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