DYDX Wild Long-term Potential Price Action
Very straightforward, high level prediction:
DYDX looks to be holding relatively strong, following ascending channel. However, price looks as if it is just bouncing off upper channel + overall market has been insanely bullish with BTC hitting 42k. My bias on this one would be to see an overall market retracement and for DYDX to go lower towards the bottom channel to build up some liquidity and take off above upper channel.
This is my first attempt at one of these public reviews/market analysis. Excited to see how this turns out in one year.
DYDX looks to be holding relatively strong, following ascending channel. However, price looks as if it is just bouncing off upper channel + overall market has been insanely bullish with BTC hitting 42k. My bias on this one would be to see an overall market retracement and for DYDX to go lower towards the bottom channel to build up some liquidity and take off above upper channel.
This is my first attempt at one of these public reviews/market analysis. Excited to see how this turns out in one year.
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