Unfortunately, as I said, dYdX has reached the $1-$0.50 price range. To those who constantly doubted me, the current price action and chart speak for themselves!
Be smart, buy wisely, and never FOMO against reality. $DYDX #DYDX
Everything played out exactly as I expected with BTC price action and the "W" pattern I mentioned yesterday. The price has now settled above $102,800, which is a key level.
Let’s see if the neckline will hold as solid support for an upward movement toward higher targets, or if the price will break below and head lower to test the support zones or Fair Value Gap (FVG).
I’ll continue monitoring how this unfolds exciting times ahead! Always remember, this is just my perspective, not financial advice. Stay cautious and trade smart! $BTC #BTC #BTCNextATH?
Taking a look at the BTC/USDT daily chart, things are getting interesting! There’s no bad news on Bitcoin’s side right now, and we can clearly spot a "W" pattern forming commonly known as a double bottom. This pattern often suggests a potential market reversal, which could lead to some exciting price action.
That said, we should stay cautious because of the continuous rally we’ve seen since the last dip, along with significant unbalanced gaps appearing on higher timeframes.
From what I can tell, there are two possible scenarios:
Bullish Breakout: If the price manages to break above the neckline around $102,800, we could see a quick retest of that level as support before a push higher, potentially aiming for targets like $108,000, $112,000, or even $116,000.
Bearish Rejection: On the flip side, if the price struggles to break through the neckline, it might face rejection and move lower. Key levels to watch below include the $90,000 support zone or the Fair Value Gap (FVG) in the range of $82,400–$84,000.
These are just my personal thoughts based on the chart structure it’s not financial advice! Always remember to do your own research and evaluate risks before making any trading decisions. Stay safe and trade smart! $BTC #BTC
I’ve said it before, and I’ll say it again, this coin is not worth investing in. It is primarily designed to attract traders to the platform with its staking and reward system, which makes it more inflationary, especially with the unlocks. I don’t see the price going beyond $0.50–$1, as they are losing investors day by day.
If you analyze the chart, there’s no indication of an uptrend, particularly now that Binance is restricting DYDX transfers, which is a concerning development. Nobody knows what’s happening behind the scenes, but comparing previous prices to today’s clearly shows a negative trend from a broader perspective. This isn’t a new coin, so we can’t simply argue that it needs more time to build momentum.
Be cautious I made the mistake of believing this coin would grow as the platform expanded, but it hasn’t.
This is just my perspective. I hope you all have a great trading year, and always do your own research before investing in any coin. Don’t buy just because it’s cheap! 🙏 $DYDX #DYDX #AntonioJuliano
The company has a lot of promise, but the coin it offers might not be as attractive. This coin was created to drive profits within its own system. Users get rewarded for transactions and can stake their coins. Venture capital investors receive Dydx coins for their support, but many of them end up selling them. While it's a smart move for the company's marketing, buying Dydx coins might not be very profitable for investors because the project itself is positive.
However, it's important to note that investing always carries risks, and my assessment could be wrong. There's always a chance the value could skyrocket, so make sure to do your own research before investing.