Today we have dYdX/BTC to talk about
Easier chart to analyze than the USDT pair, as we can identify our support and invalidation area better.
The bearish momentum has been stoped a week ago, and the new bullish wave is around the corner!
We bottomed out, made higher lows, and currently broke out of this pattern with some massive green candles.
I am aiming for the 50 fibonacci level for the next stop,
The invalidation level for me is below the dotted line which creat a lower low on the chart.
Plus all of that above, we are holding the 21ema on 4hr chart which is also a very bullish sign.
So if we break below that ema and trend line, i will close my longs and sell my tokens, and maybe buy them back around $10.
My target for dYdX is still at $31;
This new protocol has a great future and I don’t think it just fades away so fast.
Do you hold any dYdX for this bull run? If you do, what is your target?
Share you ideas with me in the comment section
And as always, stay safe stay profitable ;)
Easier chart to analyze than the USDT pair, as we can identify our support and invalidation area better.
The bearish momentum has been stoped a week ago, and the new bullish wave is around the corner!
We bottomed out, made higher lows, and currently broke out of this pattern with some massive green candles.
I am aiming for the 50 fibonacci level for the next stop,
The invalidation level for me is below the dotted line which creat a lower low on the chart.
Plus all of that above, we are holding the 21ema on 4hr chart which is also a very bullish sign.
So if we break below that ema and trend line, i will close my longs and sell my tokens, and maybe buy them back around $10.
My target for dYdX is still at $31;
This new protocol has a great future and I don’t think it just fades away so fast.
Do you hold any dYdX for this bull run? If you do, what is your target?
Share you ideas with me in the comment section
And as always, stay safe stay profitable ;)