DYDX / TetherUS
Long

DYDX/USDT upward momentum from demand zone? wwhat next

578
💎 Paradisers! Keep your eyes on #DYDXUSDT as it shows promising signs of a bullish continuation from the demand zone.

💎 Our detailed analysis of the price action indicates that #DYDX is closely adhering to a descending channel trajectory. We anticipate that the price will soon break above this level, likely when it reaches the demand zone at $1.650. If it successfully breaks out and maintains momentum above the EMA 100, we expect a strong bullish push towards the next supply area.

💎 The bullish journey is projected to kick off once the price surpasses the supply area at $2.304 and continues its upward momentum. However, it's essential to consider alternative scenarios: if DYDX fails to break through the descending channel and supply area, and instead falls below the demand zone, we could see a significant price decline.

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