DHello again, see how I make this analysis easy to understand and at the same time entertaining. Notice how you can easily grasp what I share. Notice that you can fully understand and appreciate everything even if it is the first time, ever, that you see a chart.
➖ The project's name is Dymension. ➖ The trading pair is DYMUSDT. ➖ We are using the daily timeframe (D) —24 hours per candle/session.
1) Notice the descending channel; the downtrend. Prices moving lower and lower.
2) This downtrend ends in a major low. This happened early July 2024.
3) There is a "higher low" next, in August. The fact that we have a higher low here is a strong bullish signal. The entire cryptocurrency market crashed this day, with Bitcoin hitting the lowest price since early 2024. Ethereum crashed like a memecoin. Everything produced a lower low relatively speaking. Seeing this pair producing a higher low means that sellers are exhausted.
4) After the higher low we have full green candles, a strong bullish breakout. This predicts additional bullish action.
The lines on the chart indicate resistance. These are easy targets.
👉 DYMUSDT can grow an additional 125% short-term.
Easy... But things can change.
We traders have to prepare for all scenarios because the markets are unpredictable.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.