DYDX/USDT - Potential 84% SetupHello Traders!
The DYDX completed the correction, the price returned to the trading range of $11.68 - $14.00.
At the moment, the price is testing the downtrend and trying to consolidate above the resistance level of $14.00
You may consider purchases between $13.05 & $14.25
It is better to place a stop loss below the level of $11.68 near the level of $10.50
Targets will be price levels of
$18,00
$21,45
$25,90
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
DYDXUSDT.PS trade ideas
DYDXBUY HERE .. SELL UP THERE ... thank you
What people dont understand is that DYDX is an DEX ... it is a powerful system for any trader who doesnt want to have their money in exchanges how ever this coin is having hard time going up and we are buying it in red
i m sorry i m publishing late but these yellow areas are great to enter and hold to the top or dump around 19 20s
UPCOMING MOVE ON DYDX/USDTAnalyzing the market structure of DYDX (based on the 12h timeframe), its clear that DYDX is still very bullish and the price decline we've been encountering since, is only but a retracement to an old price range. The break of STRUCTURE (BOS) of the old high clearly shows we're still bullish!!
Before the first rally to the buyside direction of the marketplace, price mitigated a bullish mitigation block leaving behind a bullish propulsion block. Now, price is in the bullish propulsion block!
When a bullish orderblock is mitigated, it leads to a fine rally to take out the nearest external range liquidity and I believe that in the coming days, DYDX will do that!
We're about to see a new ATH (All Time High) on DYDX! This is the best time to bag some DYDX and let the marketplace do its job!
DYDX-USDT trade setup I think this is ready to start another leg up. RSI is going to break the bearish trendline, which is a sign of strength. Also, OBV stablished a bullish trendline. If it can hold the trendline and beak the bearish trendline, then we have confluent reasons for entering/adding to our positions.
DYDX Case studyHi,
This is the idea I'm sharing here. I see DYDX is creating a setup which I have played it before.
Price accumulate before and then breaks below to create manipulation and then it expands to the upside.
Which is what I'm eyeing. Still no position but if it breaks above in to that accumulation range. I'll take a long target is way to high for this move.
All the best!
DYDX-USDT price predictionWe never know when is the exact top or bottom, so the best way is to ladder.
This wedge will break sooner or later, so it makes sense to start buying on the way down.
RSI shows divergence in 4h TF.
So this would be a high probability trade to enter. I'm laddering from the $19.3 area.