Technical analysis by CryptoAnalystSignal about Symbol DYDX: Buy recommendation (1/16/2025)

https://sahmeto.com/message/3170734

#DYDX/USDT Ready to go higher

Buy

Price at Publish Time:

$1.32

Profit Target:

(+17.66%)$1.55

#DYDXThe price is moving in a descending channel on the 1-hour frame and sticking to it wellWe have a bounce from the lower limit of the descending channel, this support is at 1.20We have a downtrend on the RSI indicator that is about to be broken, which supports the riseWe have a trend to stabilize above the 100 moving averageEntry price 1.32First target 1.38Second target 1.45Third target 1.55

Source Message: TradingView