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dYdX / WETH

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DYDXWETH_D8DE6A.USD trade ideas

DYDX bottom is in? DYdX is currently the fifth-largest decentralized derivatives exchange by total value locked (TVL). Since March 2024, DYdX has lost 80% of its value, with one of the potential reasons being the departure of its CEO in May 2024. However, with the CEO's return, there is potential for the company’s situation to improve. From a technical perspective, the price is now sitting at the support trendline of a descending channel on the 2W TF. I am initiating a buy position here, with TP at $3.5 Invalidation level at $0.73 (on weekly TF)
CRYPTO:DYDXUSDLong
by evasivesteering
✴️ DYDX Bullish Zone (400%-595% Profits Potential)After going green for five weeks straight, ultra-bullish, DYDXUSDT is now moving within the "bullish zone!" This means that the almost two years long consolidation phase is over and the pair, the project, the Altcoin, the market is ready for massive growth. Prepare for something not seem in many years... For many pairs/projects, it will be the first time they experience such a strong bullish wave. Remember, this is only the "preview," we will have massive growth in 2024 and 2025 when we enter the full flown bull-market ending with a bull-run phase. New All-Time Highs all across. Thank you for reading. Namaste.
CRYPTO:DYDXUSDLong
by MasterAnanda
15
✴️ DYDX Conquers Major Resistance | Can Lead To $4.444Today is a good day for DYDX, for its traders. Looking at this daily chart on the DYDXUSD trading pair, we can see a major bullish development taking place. While DYDX has been trading above EMA50 and EMA100 for a while, just today it finally managed to move above MA200, this level has been working as strong resistance ever since DYDX lost it as support back in May of this year. MA200 here is matching a resistance level marked with a blue line, this same line fits perfectly with the 0.382 Fib. extension level which I noticed just now, as I write this. This is a very strong level as multiple indicators converge here and it is being conquered as resistance. If DYDX closes above it, the bullish signal is in. With one or two additional sessions staying above it, confirmation is in. With confirmation in place, the doors open for bullish gains. The price range is around $2.222. The development I am describing now if confirmed can lead to $4.444. This is all pretty good because DYDX started going down in early February, 7 months ago, and just now this huge corrective+consolidation phase is ending and we can experience a new high and bullish excitement, profits and fun. It will be the last bullish wave of the year so the make the best of it yet, it will get even better in 2024. If you survived the bear market, the long recovery phase that followed, you will be rewarded with money, literally... You will be rewarded with the fruits of your labor. Energy in, energy out. Whatever results you get will be fully based on your own unique projections, your mind potential, how you see yourself, your health, your goals, your actions, your decisions, etc. Many new Crypto-millionaires will be created in 2025 and 2024. It is way too important, wise, to develop a nice plan for what is coming... A beginner mistake and a very expensive one goes something like this, "I learned the hard way that my money would have grown many times more if I just held the same tokens rather than trying to earn big by jumping from coin to coin". Those with experience can surely trade, those just getting started... Namaste.
KRAKEN:DYDXUSDLong
by MasterAnanda
1
dYdX Accumulation planDecentralized exchanges are very promising to become a new hype in the upcoming bullrun, with dYdX emerging as a compelling focal point for both traders and investors. It's been 1 year and a half that dYdX has been trading in the range from $1-$2.7. It's likely that it will continue to be for many months. In my opinion, good opportunities to accumulate dYdX may come the next weeks/months. As depicted in chart, I expect that prices will be in the second yellow area (2) with a possibility that they will deviate from the current range. Any bag holder here? What do you thing about the future of DEXs and dYdX? --------Info about dYdX-------------- dYdX is a decentralized exchange (DEX) built on the Ethereum blockchain, primarily focused on derivatives trading and lending. It enables users to trade a variety of cryptocurrency-based financial products, including perpetual contracts, spot trading, and lending.
CRYPTO:DYDXUSD
by evasivesteering
DYDX/USD, Triple bottom formed? Buy Sign for me!Greetings, and welcome back to my analysis! I've been keeping a close eye on DYDX/USD since November of last year, and my analysis suggests that it has already formed a bottom. Currently, the price is at a key level of resistance on the weekly chart, specifically a supply level. As traders and investors, it's important for us to pay attention to these levels as they can indicate potential changes in market sentiment. A breakout from this level, where the price moves above the supply level, could signal a bullish trend and may present an opportunity to enter a long position. This is because a breakout from a supply level indicates that the bears have lost control and the bulls are starting to take control. Additionally, if the price does break out from this level, we should also be aware of retest and consolidation. Retest refers to the price coming back to the breakout level, to confirm that the level is indeed broken, and consolidation refers to the price moving in a tight range after the breakout. Both of these factors can indicate that the market is gathering momentum before continuing in the direction of the breakout. However, it's also important to note that we should also have an exit plan in case of invalidation, which means that the price falls below the supply level. This would indicate that the breakout was false and the bears are still in control of the market. This would lead us to close our long positions and wait for a new setup to form. Overall, DYDX/USD is currently at a key level of resistance, and a breakout from this level, along with confirmation through retest and consolidation, could present a bullish opportunity. However, we must always be prepared for the possibility of invalidation and have a clear exit plan in place.
CRYPTO:DYDXUSDLong
by RS_CryptoAnalysis
1
dydx 11-07 update>dydx is a gem 💸 this is a longer term swing for me. i'm extremely bullish on dydx, been swinging it since it came to market not too long ago. it is one of my favorite projects recently, and i do think it has a very bright future ahead of itself. ---- from the day it came to market to the local peak, i could count 5 waves within this structure; so i am labeling the top at $27 as wave (1) of a higher degree. wave (2) pulled back into the local golden zone (via linear scale), where some decent bullish divergence arose \ accumulation had taken place as demand quickly rose. wave (3) target = $42 ps. daily macd is starting to curl up, i think we could see this run pick up some steam very quickly into the days\weeks ahead. ps2. i am holding a large position from around $14, and i might even add some more if i see another setup along the way - keep an eye out for updates on this post.
FTX:DYDXPERPLong
by notoriousbids
1
DYDX curved channel and trajectoryA second attempt to guess DYDX with few data on sight. My previous chart missed the trajectory and I wouldn't say this chart has a high reliability. Let's see how time unfolds on this one MAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
FTX:DYDXUSD
by heroselohim