DYDX seems to have developed a fairly typical WYCKOFF accumulation pattern on the daily.
The price seems to be ready to break out of this pattern upwards, accompanied by a significant increase in volumes.
On the other hand, DYDX appears to have exited from the top of a bullish diamond, in blue. Price recently broke through resistance
corresponding to the level of AR and AU.
It would now be necessary for the price to break free from the last high at $3.63 to consider a nice bullish push.
The rough projection of the diamond lens would give us a price action between 7 and $8.
You have to be aware that this type of investment is risky and that my analysis is not investment advice.
The price seems to be ready to break out of this pattern upwards, accompanied by a significant increase in volumes.
On the other hand, DYDX appears to have exited from the top of a bullish diamond, in blue. Price recently broke through resistance
corresponding to the level of AR and AU.
It would now be necessary for the price to break free from the last high at $3.63 to consider a nice bullish push.
The rough projection of the diamond lens would give us a price action between 7 and $8.
You have to be aware that this type of investment is risky and that my analysis is not investment advice.