dydx 11-07 update
Updated
>dydx is a gemđź’¸
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.
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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.
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.
Note
potential entry coming in the next 24 hours at ($16.3)Trade active
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