DYDX/USDT Technical Analysis in 3-Day Timeframe.

7 Jul

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Now, let’s dive into this chart analysis:

DYDX demonstrates significant historical price movements with clear support and resistance levels. The price has experienced strong rallies from the support zone, suggesting potential for future upward moves.

The $1.005 has stood as a strong support for DYDX since June 2022. If the price follows the historical pattern, it might target the resistance at $5, aligning with a projected 384.86% increase.

Key Observations:

~ Strong Support/Entry Range: $1.005 to $1.173.
~ Resistance/Target: $5.
~ RSI: Oversold.
~ Invalidation point: Breakdown and close below $1.005 support.

DYOR, NFA.

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