DYDX BREAKS OUT OF DOWNTREND.

We see here that DYDX has broken out of its historic downtrend, retraced to test it local bottom of 1.18.

Is this a confirmed reversal for DYDX?

considering the sad news of FTX crumbling to pieces, monies will move from one dying exchange to another.

Only time will tell whether DYDX will succeed in becoming the next leading exchange, behind Binance...

So far, the chart is showing strong signs of an upwards movement.

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please see DYDX zoomed-in at a LTF

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Comment:

Hi Guys,

This is an update on DYDX!

We saw DYDX move in a very parabolic fashion this week!
However, with large moves, comes a retracement.

It has now broken from its rising wedge pattern.
Please see the chart below