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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
$$$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
📊🌟 "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 - 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.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
$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
#DYDX/USDT#DYDX The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it We have a green support area at 1.76 that is expected to be bounced from due to its strength We have a trend to hold above the Moving Average 100, which is strong support for the rise We have very strong oversold resistance on the RSI indicator to support the upside with a downtrend that has been broken Entry price 2.02 The first goal is 2.34 The second goal is 2.70 Third goal 3.07
Long
by CryptoAnalystSignal
1
$$$DYDXUSDT, GOING UP FOLLOWED BY A ASCENDING CHANNEL$$$Welcome, Trader. Welcome to our crypto community! 🚀We are delighted to welcome you, whether you are an experienced trader or new to cryptocurrency. We are willing to discuss #DYDXUSDT💹. #DYDXUSDT 🔥🚀 ___________ Update: Time Frame: Weekly ➡️DYDXUSDT moving up followed by the channel, Resting on the major support to take a bullish turn. ➡️Waiting candle confirmation 🚀. ➡️ Liquidation is already taken in previous candle. ➡️ We anticipate around 133% in the medium term. 👉✅.
Long
by CryptoAnalystHub
1
📈Strategic Insights on DYDX Movements🔔🔍Yesterday, Bitcoin was rejected at the 63,200 resistance level and remains within its trading box, potentially heading towards the bottom. As Bitcoin dominance continues to rise, altcoins have suffered more, with many breaking through their support levels and continuing to decline. One such altcoin is DYDX, a DeFi token that allows users to open long or short futures positions with leverage in a decentralized environment. This appeals to those concerned about the security of their assets and who do not trust centralized exchanges. ⏳Previously, I provided a spot market analysis for DYDX. Since then, the stop-loss has been triggered, and the trade ended in a loss. However, as emphasized repeatedly, proper risk management should minimize your losses. At worst, you should only be down 0.5-1% of your capital, which should be manageable given the risk coverage from other recommendations (such as TON). With this in mind, let's analyze DYDX in the 4-hour timeframe and identify trading triggers for futures positions. 📉The chart clearly shows a downtrend, suggesting that short positions are more favorable. The trigger for a short position was at 1.951, which has now been activated. The price is likely to move towards the target of 1.794. Based on this, you can either enter a short position with the current candle or drop down to a 15-minute timeframe to find a more precise short trigger. ⚡️If you have an existing short position from higher levels, it is recommended to hold it until you observe a reversal candle or signs of trend weakness. The initial target is 1.794, but considering the move from the 0.382 Fibonacci retracement, the price could potentially reach the 1 Fibonacci extension level at 1.529, which coincides with a significant support level. 📊Given the downtrend and increasing volume in red candles, along with the RSI losing support at 31.71, we could see a sharp bearish move in the coming hours. However, the market is unpredictable, and the trend could reverse, pushing the price back into the box. If this happens, it indicates strong buying pressure and could drive the price higher. 📈If the downtrend is invalidated and the price stabilizes above 2.032, it may be a signal to enter a long position, as this would indicate a fakeout of the bearish move and introduce bullish momentum. A more reliable long trigger would be at 2.433. Until the downtrend changes, any long positions should be taken with lower risk and closed quickly to lock in profits. 📝In summary, DYDX presents a clear short opportunity given the current downtrend and bearish indicators. The target for the short position is 1.794, with a potential extension to 1.529. If the market reverses and stabilizes above 2.032, a cautious long position may be warranted, with a more secure trigger at 2.433. Proper risk management and monitoring of market conditions are essential for successful trading in these volatile conditions. 🧠💼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
Short
by itsparham96
DYDX Gaining Momentum to Leave Descending Channel? 👀🚀 💎Paradisers, #DYDX is navigating a descending channel, poised for a potential breakout. 💎When it breaks from the channel, we'll observe a retest to confirm the move before executing our strategies. This retest is vital as it verifies the bullish momentum. If #dYdX secures the support at $1.85 and ascends then our sights are set on the resistance zone we've identified ahead. 💎However, if #DYDXUSDT fails to sustain this support and reenters the channel, it will signify a softening of the bullish trend. Under this scenario, the price might descend to the next crucial support level at $1.59. 💎Historically, CRYPTOCAP:DYDX has demonstrated a strong capacity to rally from this point. Should this resilience continue, we may witness a vigorous rebound. Nonetheless, a clear break below this support would alter our bullish stance, pointing towards a potential bearish shift. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
1
dYdX Founder Steps Down as CEO of the Decentralized ExchangeAntonio Juliano, the founder of dYdX Trading Inc., has stepped down as CEO of the decentralized derivatives exchange. The change was not sudden to the internal team, employees, or stakeholders, but had been in discussion. Juliano stated that the SEC has not taken action against dYdX Trading and that he is not expecting a Wells notice. Juliano had experienced a rollercoaster of emotions since writing the original dYdX whitepaper in 2017, but now feels personally satisfied and realizes he doesn't have to run his own company. Ivo Crnkovic-Rubsamen, Juliano's longtime friend and partner in running the company, is ready to take over as CEO. Juliano will transition to Chairman and President and will continue to drive major decisions and strategy. He remains excited for the opportunity that DeFi will become the dominant way crypto is used, and derivatives will play a large part in that. Technical Outlook The price of CRYPTOCAP:DYDX remains flat following the announcement, currently trading for $1.984 down 1.2% with a Relative Strength Index (RSI) of 36 which is slightly oversold. CRYPTOCAP:DYDX has been in a consolidation phase since the 2nd week of April a possible trend reversal could occur if the new CEO takes the firm to the next level.
by DEXWireNews
2