Hello my Fellow TraderZ,
Few days ago I made an analysis on $DYDX ranging inside Descending Channel Pattern on 4 HTF.
Although price gave a Fakeout and create a Double Bottom and again came back inside the channel and breaking upward of the channel.
BULLISH DIVERGENCE is still valid + Price is trying to come above the EMA 55 on 4 HTF + Breakout Volume is Pretty good enough.
Also look on DTF, #DYDX is forming a FALLING WEDGE Pattern which is generally Bullish in nature. For strong confirmation look for the daily close above the Wedge and the Resistance area of $1.30.
TP 1 : $1.41
TP2 : $1.52
SL : according to your own R:R
Note : never underestimate #BITCOIN which could ruin the Party.
Happy Trading Fam. CHEERS!!!
Few days ago I made an analysis on $DYDX ranging inside Descending Channel Pattern on 4 HTF.
Although price gave a Fakeout and create a Double Bottom and again came back inside the channel and breaking upward of the channel.
BULLISH DIVERGENCE is still valid + Price is trying to come above the EMA 55 on 4 HTF + Breakout Volume is Pretty good enough.
Also look on DTF, #DYDX is forming a FALLING WEDGE Pattern which is generally Bullish in nature. For strong confirmation look for the daily close above the Wedge and the Resistance area of $1.30.
TP 1 : $1.41
TP2 : $1.52
SL : according to your own R:R
Note : never underestimate #BITCOIN which could ruin the Party.
Happy Trading Fam. CHEERS!!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.