DYDX / TetherUS
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DYDX - Lost Case? Time to JUMP SHIP?👎

ðŸĪ”DYDX-USDTðŸĪ”

We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
āļŠāđāļ™āļ›āļŠāļ­āļ•

Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
āļŠāđāļ™āļ›āļŠāļ­āļ•

To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
āļŠāđāļ™āļ›āļŠāļ­āļ•

Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.


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DYDXUSDT
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