Sledding candles and a dream delayed.
Earlier this week I published a chart projecting DIA to slide to $1.25 and $1.15 at the very low end after it broke an multiday support channel. This wasn't all that revolutionary as the Fib Fan and the Fib BBs I used aligned on a older support line. I despite predicting this lamented when it struck this bottom channel, as someone who hold a large bag of DIA personally As of now because Binance has kicked me off, finding out have been trading from America with future. Bbeen forced to move my DIA tokens to an effective cold wallet, where if I want to trade I have to eat high ETH transfer fees as I negotiate with Uniswap or any other Token exchange. All in all it has left me a helpless passenger on a treacherous chart for a project I simultaneously believe in and also could see crash below a dollar a token.
Just 1hr ago in what seemed like a single 5m candle DIA rejected staying above the 0.618 fib at 1.413 and decided it was going to go off Niagara falls barrel style into the lower 0.79 fib at 1.3~~. DIA doing so with a unreal spike of volume not seen since 5 days ago. Could it be that someone is keeping the price down low to load up more before this become another moon token the rabid TV Crypto fawns over or someone seeing an ideal time to dump and exit the equivalent of over 750k. That I do not know but it seems to cement DIA into a rising wedge formed by this new bounce and the 0.618 Fib. I well and truly though before this monster of a candle DIA had a good chance of a clean breakout to 2$ near term but these 30s of live action candle violence dissuade me from thinking that a stable upward march like what is seen on Link in the past few days is anything but possible. I am net neutral but watching closely as my wallet doesn't really have a form of stop loss exchange setup.
Just 1hr ago in what seemed like a single 5m candle DIA rejected staying above the 0.618 fib at 1.413 and decided it was going to go off Niagara falls barrel style into the lower 0.79 fib at 1.3~~. DIA doing so with a unreal spike of volume not seen since 5 days ago. Could it be that someone is keeping the price down low to load up more before this become another moon token the rabid TV Crypto fawns over or someone seeing an ideal time to dump and exit the equivalent of over 750k. That I do not know but it seems to cement DIA into a rising wedge formed by this new bounce and the 0.618 Fib. I well and truly though before this monster of a candle DIA had a good chance of a clean breakout to 2$ near term but these 30s of live action candle violence dissuade me from thinking that a stable upward march like what is seen on Link in the past few days is anything but possible. I am net neutral but watching closely as my wallet doesn't really have a form of stop loss exchange setup.
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