RLinda ! DYDXUSD-> The price is in the risk zone. Up or down?

13 Des 2022

DYDXUSD forms a strong momentum from the local bottom at 1.4633. The price reaches the channel resistance 1.7546, after a false breakdown of the upper boundary the price moves into the consolidation phase.

The price enters the risk zone, if the DYDX overcomes the zone of 1.73, the potential to 1.819 - the peak of the volume according to the profile of the indicator will open. At the moment, the coin shows a confident growth mood.

But, provided that the price forms a pullback and returns to the channel resistance and consolidates under the upper boundary, the price will continue to be in this range, in which case the price can fall to 1.4592

Regards to R. Linda!