Hello everyone
Since last week we had a great fall of the price on DYDXUSDT, as you can see today's bar went above the high of yesterday's, which gave me the impression of a pin-bar for a second and then turn into this terrifying shadow.I know this asset been nothing but down trend so far,but a price this low for such good asset is just unfair.
Anyway we have seen the low of the market on Tuesday. This shape of the trend might turn into a wedge pattern and let us have a breakout to higher levels.
For now we have the low of yesterday as support 4.05$ and 4.25$ as resistance level
I would wait for higher lows and in case of a reversal pattern, I will enter on my second signal (NOT THE FIRST ONE).
Since last week we had a great fall of the price on DYDXUSDT, as you can see today's bar went above the high of yesterday's, which gave me the impression of a pin-bar for a second and then turn into this terrifying shadow.I know this asset been nothing but down trend so far,but a price this low for such good asset is just unfair.
Anyway we have seen the low of the market on Tuesday. This shape of the trend might turn into a wedge pattern and let us have a breakout to higher levels.
For now we have the low of yesterday as support 4.05$ and 4.25$ as resistance level
I would wait for higher lows and in case of a reversal pattern, I will enter on my second signal (NOT THE FIRST ONE).
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