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Dydxusdsignals

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
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