DYDX ANALYSIS
#DYDX ANALYSIS
DYDX is on a downtrend forming a descending channel on a daily timeframe, it is yet to make a new low neither is there any divergence on the indicator for reversal.
However, the Stochastic RSI is at oversold region signaling buy.
You can bag some at the support level and set a tight stop loss below it or wait for a divergence to occur.
DYDX is on a downtrend forming a descending channel on a daily timeframe, it is yet to make a new low neither is there any divergence on the indicator for reversal.
However, the Stochastic RSI is at oversold region signaling buy.
You can bag some at the support level and set a tight stop loss below it or wait for a divergence to occur.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.