dYdX U.S. Dollars (T)

After wicking itself a support, dYdX has coiled up and popped out of its descending wedge. I've taken the trade at $22.900, looking to take half profit after reaching $29.000 and the rest at $38.000.

Stop loss set at 19.900.

A retest would of been preferable but the wicked support gives me confidence in taking the trade.

Let me know your thoughts below.

Comment:

Fisher OBV is also suggesting upside, both on the daily and the 4h.

The lines barely crossed and the PA shot up, (Good sign)

Now, the indicator lines could hit 0.00 and fall back down but with everything considered: Wicked support, bullish wedge, breakout and indicator upside... I would say that's unlikely.

But not impossible.

Comment:

Worth noting that its BTC pair is also in a similar scenario: Fisher positive, curling on support and bull flag.

Lets see what happens.

Good Luck

Comment:

Worth noting, BTC is gearing up for either a down turn or stagnation between the red lines this could effect the out come of dYdX PA.

Trade closed: stop reached