✳️ dYdX | Double Wedge With Double Bottom (222%+ Potential)

21 Tem 2023

Late last year the dYdX chart produced a falling wedge that led to a 160% bullish wave.

This was a sort of reactionary wave, a bounce and thus it was followed by a very strong correction long in duration.

We have the same falling wedge now but less steep with another bottom. The huge difference is the MACD indicator being many times stronger as well as the RSI.

Based on these signals the bullish wave that is set to follow can be stronger than before, instead of 160%, it can go to 200% and beyond.

Now, if it doesn't reach 200%, 150% is still pretty good specially if you consider that while this is happening, Bitcoin will be also going up. You get the multiplier effect for your earnings.

Think long-term.

My spot strategy is always to buy and hold. What about yours?

Namaste.