DYDX / TetherUSLong
#DYDXUSDT | DAILY TIMEFRAME UPDATE
#DYDXUSDT | DAILY TIMEFRAME UPDATE
#DYDX is the leading decentralized exchange for derivatives, boasting the highest trading volume among all DEXs in this category.
Based on my top-down analysis from the monthly to daily chart, DYDX presents a promising opportunity for mid-term and long-term investments.
Currently, DYDX is trading at $1.0460. Potential buy zones to consider are between $1.0150 and $0.9800. 🟩
Intermediate targets for this upward trend include $1.1716, $1.2468, and $1.3600, while long-term targets are $1.4756, $1.6000, $1.8150, $2.2000, $2.5400, and potentially higher. 📈
These targets are realistic but will require patience, as reaching them may take time.
It's important to note that a break below $0.8000 would invalidate this analysis.
#DYDX is the leading decentralized exchange for derivatives, boasting the highest trading volume among all DEXs in this category.
Based on my top-down analysis from the monthly to daily chart, DYDX presents a promising opportunity for mid-term and long-term investments.
Currently, DYDX is trading at $1.0460. Potential buy zones to consider are between $1.0150 and $0.9800. 🟩
Intermediate targets for this upward trend include $1.1716, $1.2468, and $1.3600, while long-term targets are $1.4756, $1.6000, $1.8150, $2.2000, $2.5400, and potentially higher. 📈
These targets are realistic but will require patience, as reaching them may take time.
It's important to note that a break below $0.8000 would invalidate this analysis.
Note
#DYDXUSDT | DAILY TIMEFRAME UPDATE
One of the altcoins I mentioned as a great long-term and mid-term opportunity was #DYDX.
After ranging for over 23 days, #DYDX finally surged, delivering an impressive 37.51% gain without any leverage! ⚡️
In my last analysis, I marked the invalidation point at 0.8000, and the price never touched that level, instead rallying upwards as expected.
Hope you all cashed in on some solid profits 💸
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.