DYDXYes lots of tokens
But product is doing 500M in perp trades per 24hrs in these conditions
Pretty cool to see that participation
down -500M from 1b daily vol earlier this year
I think you could catch a long heading into 2023 depending on your Time horizon
If you think in quarters or years this doesn't look bad at all
DYDXUSDT.PS trade ideas
DYDX/USDT - Market Update 07.08.22Hello Traders!
DYDX completed the fall phase, after which the consolidation range of $1.00 - $3.17 was formed.
Based on the analysis of the smaller timeframes and the current state of the market, we can assume the continuation of the local growth to the upper border of the consolidation range - the level of $3.17. Further, we can expect the beginning of descending price formation with the purpose of liquidity gathering to the lower border of the range - the level of $1.00.
Specifically interesting will be the purchases in the range of $1.00 - $1.44. The targets will be the levels of $2.44 and $3.17
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
DYDX Could Develop Downtrend - Cryptoz18❶ Warning
Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much.
❷ Tutorials
➤ Here you can find a brief explanation of how the operations work in case you are interested in following them.
➤ Here you can find an explanation of how to track our ideas:
✔️ Our operations are taken with StopLoss and Take Profit of 15 minutes. However, we are looking to try and catch a 4H trend. So, once we touch the TPM according to your own analysis you should consider whether to close the trade or move StopLoss to entry.
❸ Summary
First I have to open my trades on Binance, if not then I don't have time. Sadly it took me a long time and a lot of the movement just happened, if it doesn't go back to that entry consider changing the setup settings.
❹ Operational Information
• Entry price: 2.433
• StopLoss: 2.571 (Loss 5.37%)
• TakeProfit Minimum: 2.325 (Win 4.71%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
Quickpost: Inverted head and shoulders on DYDXUSDTThe formation is pretty obvious, and the target setting is pretty easy as well. This is alt-season and the end of a bear market. You can almost throw a dart at the board and make some gains. This trade is a layup.
Linked ideas show general bullishness and reversals in the market.
DYDX/USDT 1HOUR UPDATE LONG TRADE SETUP!!hello, members welcome to DYDX/USDT 1Hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome in this chart.
As we can see from the above-mentioned chart the DYDX/USDT brackout the chanel and retested the green zone now, at the current scenario we are expecting that DYDX will go up all the way to $1.98 means almost 15%.
So if it moves to the green zone again then it will be the zone to go long on DYDX/USDT
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
20-07-2022 _ Short Term Bearish Idea _ DYDXUSDT H11- Price action has retested top of the channel and rebound.
2- Expected crossover of signal line on MACD Indicator.
3- Valid breakout below Resistance Zone will further reinforce the bearish view.
Target 1 @ 2.0985
Target 2 @ 1.9888
Protection @ 2.500
DYDX: BEARISH EXPANDING TRIANGLE.Hello guys, here's a trade setup on DYDX in 4 hours TF.
DYDX looks good for shorts. It is forming a bearish expanding triangle with the current price close to the resistance. If it plays out accordingly then we can expect a -30% drop.
Best entry: $2.137 to $2.273.
Stop Loss: $2.464.
Targets:
$1.914
$1.834
$1.755
$1.686
Note: DYDX is currently at the 21 MA support ($2.04) and if it breaks down below it then we can the short position. Be watchful and do not FOMO. You can use 5x to 10x lev with the SL.
DYDXUSDT possible scenarios As you can see on the chart, the price is currently in its supply zone and we can also see a bearish RSI divergence. If the bearish RSI divergence is broken, then we can expect the price to break its supply zone and that's when we can open a long position. However, if price continues to show weakness in its bullish trend, and reacts to this supply zone, then we can expect the price to move towards its CHOCH line and once that line is broken we can open a short position as the trend would be reversed into a bearish trend.