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1H trend chart
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DYDX has converged for a while and formed an obvious triangle.
You can notice lots trend lines needed to be broken, so I'll provide 2 different entry timing for you as below
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1. Aggressive traders
There are 2 blue horizontal lines, the upper one is a nice timing for aggressive traders.
It just broke out the orange downtrend line, so can wait for price stands firm at $24.960
2. Conservative traders
Conservative one could wait for the price takes out the long-term upper downtrend line, as the pattern at the top left.
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Profit Targets:
a) 27.857----Fib(1)
b) 32.414~34.257----Fib(1.272~1.382)
c) 44.611-----Fib(2)
Stop losses:
a) 22.001-----for Aggressive traders(Red horizontal line)
I'll update for Conservative traders if the downtrend line are taken out.
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If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
