DYDX/USDC - (Buy) DYDX bullish move expected towards 4,30 and 5,30 in progress
Market & Ticker: DYDX - DYDX/USDC
Date: 06/12/2023
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
DYDX is showing an upside trend development at current level with Mathematical indicators oriented for a further bullish dynamic.
As long as 1,85 remain a tactical support valid (daily close) a larger rise to 4,30 is expected before 5.30 in extension.
Technical Key Elements:
- RSI Indicator is above 50% without divergence
- The Moving average are support
- Fibonacci key support is adjusted at 1,85 while the key resistance is adjusted at 5,30
Trade Idea conclusion: Bullish - Conviction (Medium)
- Strategic Target: 5,30
- Tactical Target: 4,30
- Tactical support 1,85 (daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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