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dYdX / WETH

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DYDXWETH_E0CFA1.USD trade ideas

DYDX to $58? | #DYDX #LongHello Padawans, First of all, do not take this as a piece of financial advice. Personally, I liked this project, not because of an exchange token, it's more than that. They provide Defi with future contracts to Defi lovers. It is very simple, No KYC, just connecting the wallet and then you can long or short. The total and max supply is 1Billion. Still has a 6% circulation. Marketcap is around $1Billion. I see this DYDX as a strong DEFI project. My first target after breaking this falling wedge is 27, then 38. 2.618 Fib level is around $54. Let's see what will happen next. Cheers! May the force be with you!
FTX:DYDXPERPLong
by CryptoObi
Time to SHORT DYDX, for now.DYDX is too new for any Daily chart analysis, so the next best thing is a 4H. I don't often use EWT, mostly because I can spot a 5 count in everything, and it feels very subjective, but let's see how this thesis holds up. Using my Confluence indicator (not public), DYDX reached somewhat of a clear Top on a HTF. Logically I want it to have a smooth ride down Wave #4, but as per textbook rules, if it goes below peak of Wave #1 or below Fib 0.382 ($18.3), the entire structure is invalidated and back to the drawing board. My SHORT target is towards $18.3 (Fib 0.382) If that works out, I expect to enter a LONG towards R1 $22.9 and then R2 $27.3 I trade on FTX so naturally charts are a bit different on Binance Futures and Spot, adjust targets accordingly. I also trade with x1 Leverage, because it's not a race p.s. I see mixed signals on a 1H chart, if you enter a trade, keep a close eye! BINANCE:DYDXUSDTPERP FTX:DYDXPERP
FTX:DYDXPERPShort
by WhoIsWu
DYDX $25 Near Term, $100 LongDYDX is forming a nice wedge, bouncing off of higher lows. Fundamentally speaking, this project is strong with trading volume and liquidity knipping at the heels of centralized exchanges. DYDX could be the most asymetric play in crypto given the macro factors at play like increasing regulation and limited options for leverage. Even with BTC dumping DYDX has recovered strong each time. Compared to trading on uniswap on ETH mainnet, fees are a joke for trades once you bridge over to Starkware L2. LONG DYDX.
FTX:DYDXUSDLong
by theofficialsteveg
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