$DYDX - Bulls breaking FALLING WEDGE

Hello my Fellow TraderZ,

Few days ago I made an analysis on DYDX ranging inside Descending Channel Pattern on 4 HTF.

Although price gave a Fakeout and create a Double Bottom and again came back inside the channel and breaking upward of the channel.

BULLISH DIVERGENCE is still valid + Price is trying to come above the EMA 55 on 4 HTF + Breakout Volume is Pretty good enough.

Also look on DTF, #DYDX is forming a FALLING WEDGE Pattern which is generally Bullish in nature. For strong confirmation look for the daily close above the Wedge and the Resistance area of $1.30.



TP 1 : $1.41
TP2 : $1.52
SL : according to your own R:R

Note : never underestimate #BITCOIN which could ruin the Party.

Happy Trading Fam. CHEERS!!!