DYDX TA UPDATE (Requested chart)Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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LONG #DYDX breakout this Adam&Eve pattern currently it is retesting.
ENTRY: $6.15 to $5.920
SELL- 40% to 50%
LEVERAGE: 5X
STOP LOSS: $5.7
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DYDXUSDT.PS trade ideas
DYDX uptrendHello, trading view community, should you like this analysis please support with likes and comments. Thanks
DYDX had a very long downtrend just like most of cryptocurrencies and tokens, any how, it started another trend inside its downtrend channel which resulted in breaking out the upper line of the channel, since its movement started from bottom line of the channel it may crash down inside the channel again, unless otherwise, BTC starts a new strong rally in its new $44k zone, which will cause a strong rally in total market of course the total market cap of the cryptocurrencies again jumped over $2 trillion, which is andother good sign for market.
Anyway DYDX after this break out may form a pullback then starts its journy toward upper resistance zones which have been marked with blue lines and pivots have been done as well, DYDX started from $4.23 support and if all goes well, it may hit to $7.14 & $8.93 respectively in shortterm.
# Never risk more than you can afford to lose.
This is a personal idea and I am not a financial adviser.
DYDX bucked trend...for now, just a laggard?The analysis is simple here, on a night the asset class got slaughtered once stood tall, but will it fall?
Viewing this on one hour and technical analysis only it appears that it will follow its class mates.
I will keep this updated throughout the day.
Also view the 4 hour chart for a look at how DYDX bucked the trend.
Also view the linked ideas on BTC to better understand how we came to this point.
BINANCE:DYDXUSDT