DYDX Has Been inside a Trading Range For Almost 1.5 Years.
Based On Many Reasons, I Believe, DYDX Will Explode in The incoming Weeks.
1- Blue Lines indicate Bottom And Top Lines Of Trading Range. As You Can See, The Price Engulfed Completely The upper Line To The Upside, So The Major Sell Orders On This Level Filled in 2023.
After That, Price Went into the Fake-Out Phase, Which is indicated On The Chart Below, To Gather The Remaining Buy Orders. Always Remember The Market Movements Are Designed To Move Toward Levels That Have The Most Amount of Liquidity.
Next We Had The true Break-Out Phase, Which Happened in form Of a Huge Bull Flag. Do You See The Flag?
2- The Broken Upper Side Of The Trading Range Would Be Considered As The Support Zone, So The Market Gave Us The Best Opportunity To Enter This Asset, Did you Accept That? Did You Notice This Sweet PullBack?
3- Price Action constantly Made Higher Highs And Higher Lows in the Weekly Timeframe Since The Beginning Of 2023, Which Indicates a Huge Upside Move. It Touched An Important Order Block In The November 2023 Which Caused To Fill Major Sell Orders, So This Level Would Be Considered As a Weakened-Resistance-Level. I Expect DYDX To Shatter This Order block In The Coming Months.
4- The Main Resistance Detected! Just Watch-Out The Collision of The Static And the dynamic Resistances, This Zone Is The Major Resistance, So Once This Zone Breaks, The Sky Would Be Limit!
5- In The weekly I Think This Reaction To The Broken Cloud Is A MasterPiece! The Upper Border Of The cloud Just Supported The Price So Sweet, And The Lagging Span Is Going To Break Through The Cloud Soon. Once It Happens, DYDX Is Going Crazy In The weekly!
6- If You Can't See That Huge Monthly FVG, Go To The Optometrist immediately!
7- Based On The Fib Channel And Price Action Levels, The Targets Are Shown On The Chart Below.
I Hope You Enjoy This Idea. If You Do, Like, Follow And share This Idea.
Based On Many Reasons, I Believe, DYDX Will Explode in The incoming Weeks.
1- Blue Lines indicate Bottom And Top Lines Of Trading Range. As You Can See, The Price Engulfed Completely The upper Line To The Upside, So The Major Sell Orders On This Level Filled in 2023.
After That, Price Went into the Fake-Out Phase, Which is indicated On The Chart Below, To Gather The Remaining Buy Orders. Always Remember The Market Movements Are Designed To Move Toward Levels That Have The Most Amount of Liquidity.
Next We Had The true Break-Out Phase, Which Happened in form Of a Huge Bull Flag. Do You See The Flag?
2- The Broken Upper Side Of The Trading Range Would Be Considered As The Support Zone, So The Market Gave Us The Best Opportunity To Enter This Asset, Did you Accept That? Did You Notice This Sweet PullBack?
3- Price Action constantly Made Higher Highs And Higher Lows in the Weekly Timeframe Since The Beginning Of 2023, Which Indicates a Huge Upside Move. It Touched An Important Order Block In The November 2023 Which Caused To Fill Major Sell Orders, So This Level Would Be Considered As a Weakened-Resistance-Level. I Expect DYDX To Shatter This Order block In The Coming Months.
4- The Main Resistance Detected! Just Watch-Out The Collision of The Static And the dynamic Resistances, This Zone Is The Major Resistance, So Once This Zone Breaks, The Sky Would Be Limit!
5- In The weekly I Think This Reaction To The Broken Cloud Is A MasterPiece! The Upper Border Of The cloud Just Supported The Price So Sweet, And The Lagging Span Is Going To Break Through The Cloud Soon. Once It Happens, DYDX Is Going Crazy In The weekly!
6- If You Can't See That Huge Monthly FVG, Go To The Optometrist immediately!
7- Based On The Fib Channel And Price Action Levels, The Targets Are Shown On The Chart Below.
I Hope You Enjoy This Idea. If You Do, Like, Follow And share This Idea.