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DYDX Token Perpetual futures, quoted,settled & margined in Tether

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DYDXUSDT.P trade ideas

DYDX/USDT upward momentum from demand zone? wwhat next💎 Paradisers! Keep your eyes on #DYDXUSDT as it shows promising signs of a bullish continuation from the demand zone. 💎 Our detailed analysis of the price action indicates that #DYDX is closely adhering to a descending channel trajectory. We anticipate that the price will soon break above this level, likely when it reaches the demand zone at $1.650. If it successfully breaks out and maintains momentum above the EMA 100, we expect a strong bullish push towards the next supply area. 💎 The bullish journey is projected to kick off once the price surpasses the supply area at $2.304 and continues its upward momentum. However, it's essential to consider alternative scenarios: if CRYPTOCAP:DYDX fails to break through the descending channel and supply area, and instead falls below the demand zone, we could see a significant price decline. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
DYDX - Highlight Wanted to highlight DYDX as the month as it has some very important patterns forming. The chart on the right is the monthly and the chart on the left is the daily. Let's begin with the monthly chart. The key level the bottom was created at is the psychological $1 level (white line). This is the most key level of support for DYDX on the macro. We just formed a doji candle on the monthly which could signal a reversal for DYDX back to the upside. We can also assume this is the case as the monthly RSI is trying to climb from oversold conditions back into the RSI channel which could really increase the momentum. TSX:GMX (a similar related coin) just climbed over 70% over the last couple weeks. With DYDX being an ETH narrative related token, and the ETH ETFS being recently approved, this could also provide fundamental/sentiment reasons for DYDX'S increase in price. The daily chart gives us our current pattern which looks to be a falling wedge. Falling wedges are usually bullish patterns that lead to upwards price action. Upon breakout of our upper line of resistance we could see a substantial rise, but if the lower level of support is broken we could see an additional 40-50% collapse. Right now the bullish case scenario is much more likely as DYDX is also trying to establish the $2 level as a strong support level .
by VIAQUANT
$$$DYDXUSDT, A massive buy, Never miss it tradersWelcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are going to discussing #DYDXUSDT 💹 #DYDXXUSDT 🔥🚀 --------------- Update: #DYDXX forming a bullish falling wedge pattern over a 6Hr time frame 👉✅. Currently is struggling under the resistance to gain bullish momentum✅🎯. We are expecting a minimum of 25% 💰 very soon Crypto Analyst Hub #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance #cryptoart #nfts#trading #forex #trader #investing #stocks #forextrader #stockmarket #daytrader #forextrading #invest #bitcoin #daytrading #cryptocurrency #crypto #investor #investment #forexsignals #nse #chartpattern #cedarforex #candlepatterns #learntrading #bseinstitute #shorttermtrade #bankniftytrading #stockmarketph #calloptions #mqlsignal #futuretrader #tradingmemes #chartpatterns #tradingview #tradinglife #tradinglifestyle #tradingstrategy #tradingtips #tradingplan #tradingsignals #tradingaccounts #tradingsignal #tradingforex #tradingsync #tradingroom #litecoin #ethereum #bitcoincash #cryptocurrencies #ripple #btc #bitcoinnews #bitcoinmining #blockchain #eth #bitcoin #bitcoins #coinbase #cryptocurrency #crypto #bitcointrading #dogecoin BTC ETH USDT PEPE DOGE ALT
Long
by CryptoAnalystHub
2
DYDXUSDT.1DLet's delve into the technical analysis of the DYDX/USDT daily chart: Price Action and Structure: The DYDX/USDT pair is currently exhibiting a bullish consolidation pattern, which is evident from the series of higher lows formed since the price marked a strong support level ('T'). This type of pattern usually suggests accumulation by traders, implying potential upward momentum. The green arrow projecting an upward trajectory indicates an expected bullish breakout. Technical Indicators: RSI (Relative Strength Index): The RSI is positioned at 45.77, leaning towards the lower half of the neutral zone. This suggests that there might be more room for upward movement before the asset becomes overbought. The slightly upward tilt in the RSI is promising for potential price increases. MACD (Moving Average Convergence Divergence): The MACD histogram shows minimal activity around the zero line, with the MACD line slightly below the signal line. This positioning suggests that bullish momentum is not strong yet, but it is not bearish enough to deter potential bullish setups. Support and Resistance: Support (S1): The critical support level at 1.592 must hold to maintain the bullish bias. This level appears to be a crucial pivot point for the price, and a breakdown below this could shift the bias to bearish. Resistance (R2): The next major resistance is marked at 3.246. Overcoming this level could confirm a new bullish phase for DYDX, targeting higher price levels. Projection and Strategy: Based on the chart's projection arrow and current patterns, it is anticipated that DYDX might rally towards the first resistance marked by the previous high, followed by a consolidation or slight pullback, before attempting to reach the second resistance at R2. For trading, watching for a confirmed breakout above the consolidation pattern would be key. Setting stop losses slightly below S1 could provide a good risk-reward ratio considering the distance to R2. Conclusion: The DYDX/USDT pair shows potential for a bullish continuation, especially if it breaks and holds above the consolidation zone. Traders should monitor for an increase in volume and bullish signals from the RSI and MACD to confirm the expected move. As with all trades, it's essential to consider the broader market conditions and updates specific to DYDX that could affect market sentiment.
Long
by MarsSignals
📊🌟 "DYDX Coin Analysis - Preparing for a Potential Drop?" 🚨📉💹 Let's analyze and review this cryptocurrency, DYDX, which is one of the decentralized exchanges in the crypto world. 📝 Market Overview: Before diving into the analysis, it's important to note that the Ethereum ETF has been approved, similar to Bitcoin. This is great news for investors, but it is expected to start operations in about 2 months. This could potentially slow down the market and increase the likelihood of a correction. However, regardless of market sentiment, my trading strategy will be based on activated triggers, so don't let external news influence your decisions too much. 🔎 Higher Time Frames: Like many other cryptocurrencies, DYDX is in a long-term consolidation phase within a 700-day range. The recent upward movement towards the upper limit of the range saw an increase in volume, but upon hitting the resistance at 4.403, it started to decline and returned to its consolidation range. 🔄 Four-Hour Time Frame: In the four-hour chart, after breaking the support at 2.866, DYDX experienced a 30% drop and has been unable to recover. It is now forming a consolidation box, making it a potential candidate for a short position in the upcoming week. 📊 Fixed Volume Range Tool: I use this tool to determine when not to open a position as long as the price remains within high-volume areas. Conversely, once these high-volume areas are broken in the direction of the trend, I open my position based on a breakout strategy. This tool serves both as a confirmation and a deterrent. I'll explain more about this tool and potentially a strategy involving it in the future. 📉 Short Position: Our support level is clearly defined. After breaking the 1.926 mark, we can continue our short position in line with the trend. This level not only acts as a support line but can also be considered the middle line of the box, indicating a higher likelihood of reaching the lower end of the range. 📈 Long Position: Currently, I am not opening any long positions on this coin due to its downward trend and lack of buying pressure. I suggest waiting for a trend reversal before considering a long position. For a riskier long position, you could open at 2.191, but only after it reacts to this level, breaks through with increased volume, and shows strong buying pressure. 💰 Buying DYDX: Patience is key for now. We need to wait for DYDX to break out of the top of its consolidation box and show an upward trend against Bitcoin before considering a buy. There are currently better opportunities in the market. 📚 Decentralized Exchanges: It is also crucial to study decentralized exchanges as there is a possibility that centralized exchanges might face issues in the future, similar to FTX. It's better to gain knowledge about decentralized exchanges early on. 🔻 Support Levels: 1.661, 1.510 🔺 Resistance Levels: 2.429, 2.866 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
Short
by RealMRA
5
DYDX: pumpIn the analysis of this token in the style of price action, it was done by the Ahmadarz analysis team📊 ®️ In the higher time frame of a trading range, we are moving towards the ceiling after reaching the bottom of this trading range after breaking its middle line, and to get this trade, we can enter on the last broken ceiling. ✅The most important support is at the $1,800 floor The next support is in the middle of the trading range at $2.12 💲 Upcoming resistances: The closest resistance: $2.231 as the first target The most important resistance is: $2..40 With the break of the drawn downtrend line, it is another confirmation for the short-term uptrend.🎯 How I got the deal: ⬅️Entry point: $2.126 ⛔Stop Loss: $2.031 ✅Targets: $2.231 - $2.379 Capital management should be observed because Ahmadarz team is not responsible for your profit and loss.⚠️
Long
by ahmadarz
DYDX usdt golden signals #DYDX :, after breaking out from the pattern and completing its retest phase, is regaining momentum at the demand level of $2.10. If it can sustain this momentum, there is a high probability it will embark on a bullish path to overcome a resistance level of $2.4 - $2.45 . However, given the inherent volatility of the market, if #DYDX fails to sustain its momentum and declines, this could indicate a weakening of the bullish stance, potentially leading to a significant price drop. Under such circumstances, we might expect a bullish rebound from the lower, strong Bullish  level at $2.100.  Nevertheless, a break below this level could result in considerable downward movement. The bullish journey is projected to kick off once the price surpasses the supply area at $2.3 in higher time frame and continues its upward momentum .
Long
by babyrichcrypto
$DYDXUSDT Moving Inside Channel in HTFDear Traders, We are convening a discussion focused on #DYDX BINANCE:DYDXUSDT The Trendline Breakout Has Already Done in Shorter Time Frame ✅ In HTF, Moving in a Channel So,I am Expecting a Bullish Move of 50% 🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance #cryptoart #nfts#trading #forex #trader #investing #stocks #forextrader #stockmarket #daytrader #forextrading #invest #bitcoin #daytrading #cryptocurrency #crypto #investor #investment #forexsignals #nse #chartpattern #cedarforex #candlepatterns #learntrading #bseinstitute #shorttermtrade #bankniftytrading #stockmarketph #calloptions #mqlsignal #futuretrader #tradingmemes #chartpatterns #tradingview #tradinglife #tradinglifestyle #tradingstrategy #tradingtips #tradingplan #tradingsignals #tradingaccounts #tradingsignal #tradingforex #tradingsync #tradingroom #litecoin #ethereum #bitcoincash #cryptocurrencies #ripple #btc #bitcoinnews #bitcoinmining #blockchain #eth #bitcoin #bitcoins #coinbase #cryptocurrency #crypto #bitcointrading #dogecoin CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE CRYPTOCAP:DOGE NASDAQ:ALT BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT BINANCE:BTCUSDT.P COINBASE:ETHUSD BINANCE:SOLUSDT CRYPTOCAP:BTC.D BINANCE:PEPEUSDT
Long
by annatradecharts
📈Daily Cryptomarket Analysis : DYDX Trading Strategies 🛎🪄🔍Let’s dive into today’s analysis. Yesterday, Bitcoin had another upward movement, reaching as high as 72,000 but failing to stabilize above that range. It is currently resting around the 71,000 mark. Besides Bitcoin, Ethereum also saw significant growth, pumping 18% due to rumors of an Ethereum ETF approval. Several altcoins related to the Ethereum blockchain also saw a surge, including UNI, which I analyzed previously. I’ll include the link to that analysis in the description for those interested. 💵Today, we’ll analyze DYDX, a coin I’ve covered twice before. The first time was for a spot trade, which hit the stop-loss, and the second time was for futures. In that analysis, I mentioned that if DYDX faked a support break and re-entered the box, we could expect an upward movement. I’ll include the link to that analysis in the description as well. 🔄The previous trigger for DYDX was a short-term resistance at 2.075, which was activated yesterday but didn’t generate much momentum. Currently, there is no resistance until 2.302, and DYDX could move towards that level. However, given Bitcoin’s dominance and current consolidation, other altcoins are also likely to rest. 📈The next long trigger for DYDX is at 2.302. However, be aware that the main resistance is at 2.433, and the price might get rejected there. So, if you plan to open a position after breaking 2.302, volume confirmation is crucial. RSI entering the overbought zone increases the probability that the 2.433 resistance will also be broken. In this scenario, you don’t need to scalp and close quickly but can hold your position for higher targets like 2.815. 💣If the market turns bearish again and you want to open a short position, the 2.075 level can be a good trigger, but only if it’s tested multiple times. This helps establish a reliable trigger point. Note that the 2.075 level was a trendline break trigger and now acts as resistance rather than support. Ensure the price tests this level multiple times to confirm it as a short-term support before relying on it. 🧩The main short trigger is at 1.935, but keep in mind that this support has been faked once before. I prefer to wait for another test to establish its precise level. 📝To summarize, Bitcoin and Ethereum have shown significant recent movements, impacting related altcoins like DYDX. While Bitcoin rests, other altcoins may also consolidate. For DYDX, watch the 2.302 level for a potential long entry, but ensure volume confirmation and RSI conditions before holding for higher targets. For short positions, the 2.075 and 1.935 levels are crucial, but multiple tests are needed for reliability. Always approach trades with thorough analysis and be prepared for market fluctuations. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
3