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DYDX

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DYDX Wild Long-term Potential Price ActionVery straightforward, high level prediction: DYDX looks to be holding relatively strong, following ascending channel. However, price looks as if it is just bouncing off upper channel + overall market has been insanely bullish with BTC hitting $42k. My bias on this one would be to see an overall market retracement and for DYDX to go lower towards the bottom channel to build up some liquidity and take off above upper channel. This is my first attempt at one of these public reviews/market analysis. Excited to see how this turns out in one year.
BINANCE:DYDXUSD
by Hecti19
$DYDX : Cultivating Opportunity: An In-Depth AnalysisA comprehensive analysis of CRYPTOCAP:DYDX , presently valued at $2.36 as of the current writing, unveils a series of significant patterns and indicators. Most notably, an intricate Triple + Double bottom formation has materialized, complemented by a consistent series of ascending peaks and troughs in the Relative Strength Index (RSI). This steadfast progression is further underscored by the multitude of price interactions with resistance thresholds. Contextualized within the backdrop of Bitcoin's lateral or ascending movement, discernible price milestones come into focus, including $2.92, $3.70, and $4.52. Beyond these intermediate benchmarks, the prospect of a substantial surge, potentially reaching $6, emerges as a distinct possibility. #NFA
BINANCE:DYDXUSDLong
by UnknownUnicorn3237473
DYDXUSD broke above its 1W MA50, one last Resistance remaining.DYDXUSD broke on Jan 27 above its 1W MA50 (red trend-line) and by the looks of it will most likely close above it today for the first time. That is a major technical bullish break-out but at the moment not enough on its own to signal a bullish trend change. The level it needs to break is the 2.7300 - 2.8600 Resistance Zone, which has been holding since May and has basically formed the Accumulation Phase of DYDX during the bottoming process of the Bear Cycle. A break above it should eventually target the 7.15000 (April 04 2022) High on the long-term. A rejection could take us back to the 1D MA50 (blue trend-line) to test the buying pressure. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:DYDXUSD
by TradingShot
Short DYDX DYDX has bounced from the weekly support. However, it is showing the weakness at the local trendline resistance (in blue). Moreover, when looking at its 1W TF chart (see screenshot below), prices had lost the wickless weekly trenline (the lower one of the descending channel). This one has become a resistance (seconde one, along with the blue trendline on 1D TF). In my opinion, one could consider to short DYDX as setup shown in chart. Targets: levels of trend-based fibo SL: above the EMA 50D Invalidation would be: weekly close above the wickless weekly trendline with some strong signs (big buy volume for examble)
BINANCE:DYDXUSDShort
by evasivesteering
1
DYDX is back to potential buy zoneLast time, DYDX trade had reached the 100% target (see link below in Related Ideas). Since then, DYDX has continued to decline and its prices are back to the weekly support area. One reason was that the hype on DEXs didn't last long (after the fall of the CEX FTX). We can see that it's still soon for CEXs to get a sustained attention from long-term investors. In my opinion, it is an interesting moment to keep an eye on DYDX for both short-term trade and long-term hold.
BINANCE:DYDXUSD
by evasivesteering
4
RLinda ! DYDXUSD-> The price is in the risk zone. Up or down? DYDXUSD forms a strong momentum from the local bottom at 1.4633. The price reaches the channel resistance 1.7546, after a false breakdown of the upper boundary the price moves into the consolidation phase. The price enters the risk zone, if the DYDX overcomes the zone of 1.73, the potential to 1.819 - the peak of the volume according to the profile of the indicator will open. At the moment, the coin shows a confident growth mood. But, provided that the price forms a pullback and returns to the channel resistance and consolidates under the upper boundary, the price will continue to be in this range, in which case the price can fall to 1.4592 Regards to R. Linda!
BINANCE:DYDXUSD
by RLinda
24
DYDXUSD staging a complete bullish reversalDYDXUSD is on a strong green candle on the 1D time-frame that hit the 1D MA50 (blue trend-line). A break above it will make a strong reversal case on the long-term as after that, the last barrier to break would be Lower Highs trend-line 3. Basically this is a bullish reversal on its last stage as we can claim that since February 24, DYDX has made a Triple Bottom formation and is on a 1D RSI Bullish Divergence, which is on Higher Highs and Higher Lows as opposed to the price action's Lower Highs and Lower Lows. The LMACD is close to a Bullish Cross and a break above the Lower Highs 3, would put the coin inside the Break-out Zone, which would make it a confirmed Buy. After that, and despite having to overcome the 1D MA200 (orange trend-line), DYDX should gradually start filling the 0.5, 0.786 and eventually 1.0 Fibonacci levels and those are our targets on the long-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:DYDXUSDLong
by TradingShot