DYDX AT BREAKOUT POINT

DYDX AT BREAKOUT POINT

DYDX AT BREAKOUT POINT - 1

We have DYDX in a descending channel. We also have an inner trendline serving as support for the price movement. I expect the price to retrace back to this trendline before takeoff out of the trendline.

But if price should break the inner trendline downward, then price will fall more.

What do you think?

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https://www.tradingview.com/chart/DYDXUSDT/4C2zwETr-DYDX-AT-BREAKOUT-POINT/

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Peter Adepoju

Peter Adepoju

Peter Adepoju is a certified Accountant. A full time Forex/Crypto Trader & Market Analyst. 
 
He is known for forecasting correct and up-to-date insights and analysis on various coins and tokens in the cryptocurrency market. 
 
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