Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DYDXUSDT
The price is moving in a descending channel between R1 and S2 lines which are our long-term lines. In the last rejection of the price at R1, the price had a heavy fall and reached S2 and then started its rising trend and we formed our S1 area. This yellow line (R2) expresses a 4-hour resistance line and shows that the price was rejected at several points by it. Also, the reverse head and shoulders patterns means that we will have a rise in price. We expect the price to rise up to R2 and then have a fall to form the right shoulder of our pattern. But if the price moves upward and over R3, then we will have a good support area for it in the future. Even it may happen that the price is rejected in R3 area and we may have more decline for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DYDXUSDT
The price is moving in a descending channel between R1 and S2 lines which are our long-term lines. In the last rejection of the price at R1, the price had a heavy fall and reached S2 and then started its rising trend and we formed our S1 area. This yellow line (R2) expresses a 4-hour resistance line and shows that the price was rejected at several points by it. Also, the reverse head and shoulders patterns means that we will have a rise in price. We expect the price to rise up to R2 and then have a fall to form the right shoulder of our pattern. But if the price moves upward and over R3, then we will have a good support area for it in the future. Even it may happen that the price is rejected in R3 area and we may have more decline for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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.
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.