DYM | 1,2,3,4 Price Pattern Explained + 125% Target

24 авг.

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.

Thank you for reading.

Namaste.