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DYDX / TetherUS PERPETUAL CONTRACT
Updated

DYDX: Bearish Structure at Critical Juncture

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The bearish structure for DYDX continues as price spikes down from a strong triple bottom. The current weekly candle's close will be crucial:

Close below established bottom: Signals strong downward continuation
Close above: Potential for significant bullish reversal

Patience is key. Wait for candle close before making decisions. Chart shows both downside target and possible upside path.
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Sell-side liquidity has been swept, leading to a reversal in price action toward the upside. This appears to mark the start of a bullish move. Don’t miss the opportunity to accumulate positions.

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Note
Bullish confirmation is in place as the price has closed above the potential triple bottom. Attention should now shift to the buyback zone for re-accumulation opportunities.

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Note
DYDXUSDT begin next bullish phase and it is expected to end around $10.5

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Chart PatternsTrend AnalysisWave Analysis
weslad
📢Follow the official links only! Trade smart, stay safe! 🎯

Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0

💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.