✴️ DYDX Conquers Major Resistance | Can Lead To $4.444
Updated
Today is a good day for DYDX, for its traders.
Looking at this daily chart on the DYDXUSD trading pair, we can see a major bullish development taking place.
While DYDX has been trading above EMA50 and EMA100 for a while, just today it finally managed to move above MA200, this level has been working as strong resistance ever since DYDX lost it as support back in May of this year.
MA200 here is matching a resistance level marked with a blue line, this same line fits perfectly with the 0.382 Fib. extension level which I noticed just now, as I write this.
This is a very strong level as multiple indicators converge here and it is being conquered as resistance.
If DYDX closes above it, the bullish signal is in.
With one or two additional sessions staying above it, confirmation is in.
With confirmation in place, the doors open for bullish gains.
The price range is around $2.222.
The development I am describing now if confirmed can lead to $4.444.
This is all pretty good because DYDX started going down in early February, 7 months ago, and just now this huge corrective+consolidation phase is ending and we can experience a new high and bullish excitement, profits and fun.
It will be the last bullish wave of the year so the make the best of it yet, it will get even better in 2024.
If you survived the bear market, the long recovery phase that followed, you will be rewarded with money, literally... You will be rewarded with the fruits of your labor.
Energy in, energy out.
Whatever results you get will be fully based on your own unique projections, your mind potential, how you see yourself, your health, your goals, your actions, your decisions, etc.
Many new Crypto-millionaires will be created in 2025 and 2024.
It is way too important, wise, to develop a nice plan for what is coming... A beginner mistake and a very expensive one goes something like this, "I learned the hard way that my money would have grown many times more if I just held the same tokens rather than trying to earn big by jumping from coin to coin". Those with experience can surely trade, those just getting started...
Namaste.
Looking at this daily chart on the DYDXUSD trading pair, we can see a major bullish development taking place.
While DYDX has been trading above EMA50 and EMA100 for a while, just today it finally managed to move above MA200, this level has been working as strong resistance ever since DYDX lost it as support back in May of this year.
MA200 here is matching a resistance level marked with a blue line, this same line fits perfectly with the 0.382 Fib. extension level which I noticed just now, as I write this.
This is a very strong level as multiple indicators converge here and it is being conquered as resistance.
If DYDX closes above it, the bullish signal is in.
With one or two additional sessions staying above it, confirmation is in.
With confirmation in place, the doors open for bullish gains.
The price range is around $2.222.
The development I am describing now if confirmed can lead to $4.444.
This is all pretty good because DYDX started going down in early February, 7 months ago, and just now this huge corrective+consolidation phase is ending and we can experience a new high and bullish excitement, profits and fun.
It will be the last bullish wave of the year so the make the best of it yet, it will get even better in 2024.
If you survived the bear market, the long recovery phase that followed, you will be rewarded with money, literally... You will be rewarded with the fruits of your labor.
Energy in, energy out.
Whatever results you get will be fully based on your own unique projections, your mind potential, how you see yourself, your health, your goals, your actions, your decisions, etc.
Many new Crypto-millionaires will be created in 2025 and 2024.
It is way too important, wise, to develop a nice plan for what is coming... A beginner mistake and a very expensive one goes something like this, "I learned the hard way that my money would have grown many times more if I just held the same tokens rather than trying to earn big by jumping from coin to coin". Those with experience can surely trade, those just getting started...
Namaste.
Note
DYDX managed to conquer the "major resistance" level on this chart: The level was first broken and then tested as support and it holds.
DYDXUSD is now bullish confirmed.
We can expect additional growth.
Trade closed: target reached
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