✖️DYDX ✖️_ Technical & brief Fundamental!!!
Today let's take a look at the DYDX token from a technical and fundamental point of view.✅
Fundamental:
dYdX is a decentralized exchange and trading platform built on the Ethereum blockchain which enables users to trade cryptocurrencies with margin, lending and borrowing, and perpetual swaps through a non-custodial platform.
dYdX has a user-friendly interface that makes it easy for traders to access the platform's services. It has a strong development team that is dedicated to improving the platform's functionality and expanding its capabilities.
Additionally, dYdX has secured significant funding from reputable investors, which demonstrates the confidence that the investment community has in the project's potential. The project has also formed partnerships with other prominent players in the blockchain industry, such as StarkWare, to improve the scalability of the platform.
Overall, dYdX is a promising project with a strong development team, user-friendly interface, support from reputable investors, and most importantly the project goal since many crypto users have lost their funds recently with centralized exchanges.
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Technical:
DYDX token has managed to form a rectangle pattern in the daily time frame.
If we look at DYDX from the theory of Elliott waves; DYDX has created the popular Expanding Flat(3-3-5) corrective pattern inside the rectangle pattern.
I expect DYDX to fall to the lower line of the rectangle pattern over the next few weeks.
DYDX Analyze ( DYDXUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Fundamental:
dYdX is a decentralized exchange and trading platform built on the Ethereum blockchain which enables users to trade cryptocurrencies with margin, lending and borrowing, and perpetual swaps through a non-custodial platform.
dYdX has a user-friendly interface that makes it easy for traders to access the platform's services. It has a strong development team that is dedicated to improving the platform's functionality and expanding its capabilities.
Additionally, dYdX has secured significant funding from reputable investors, which demonstrates the confidence that the investment community has in the project's potential. The project has also formed partnerships with other prominent players in the blockchain industry, such as StarkWare, to improve the scalability of the platform.
Overall, dYdX is a promising project with a strong development team, user-friendly interface, support from reputable investors, and most importantly the project goal since many crypto users have lost their funds recently with centralized exchanges.
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Technical:
DYDX token has managed to form a rectangle pattern in the daily time frame.
If we look at DYDX from the theory of Elliott waves; DYDX has created the popular Expanding Flat(3-3-5) corrective pattern inside the rectangle pattern.
I expect DYDX to fall to the lower line of the rectangle pattern over the next few weeks.
DYDX Analyze ( DYDXUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
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Penafian
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