$DYDX - Bulls breaking FALLING WEDGE
Hello my Fellow TraderZ,
Few days ago I made an analysis on DDYDX 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!!!
Few days ago I made an analysis on DDYDX 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!!!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.