DIAUSDT Falling Wedge|Price Action Apex|Swing Low|200MA|.618 FibEvening Traders,
Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance.
Points to consider,
- Price Action Apex
- Market Structure Lower Lows
- Key Dynamic Resistance (.618 Fibonacci Confluence)
- RSI Divergence Forming
DIAUSDT is trading towards its apex in a bullish falling wedge pattern were a confirmation will allow us to have a bullish bias on the market.
The market structure is currently making lower lows on dynamic support, holding this on the next test will increase the probability of a bullish divergence on the RSI.
The volume profile is currently below average, a break of resistance will need increasing volume. This will signal a true breakout, aiding in avoidance of fake outs.
Immediate target is the bearish retest zone which is in confluence with the .618 Fibonacci and market structure. A respect of resistance here is highly probable on the first test.
Overall, in my opinion, DIAUSDT is a valid long once the falling wedge pattern is confirmed. Price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
DIAUSDT trade ideas
DIAUSDT analysis ❇️what is DIA?
Decentralised Information Asset (DIA) is a verified, transparent oracles platform that provides reliable data feeds while ensuring scalability. These feeds serve as inputs for DeFi applications across different verticals including lending & margin trading, derivatives, prediction markets, insurance, and benchmarks. The data is sourced from primary sources, database hashed on-chain and made available through oracles and API endpoints for easy access.
☑️DIA and Public Governance Tokens;
it is a Swiss non-profit association. an open-source, data and oracle platform for the DeFi (Decentralised Finance) ecosystem. DIA leverages crypto economic incentives to drive supply, share and use transparent, crowd-verified price data and oracles on financial and digital assets.
On 3 August, DIA announced that they took the first step in decentralising its governance by public distribution of ‘tokens’. This event will provide participants with the opportunity to acquire DIA’s Governance Tokens. DIA believes in a financial ecosystem that is owned, controlled, and maintained by its users. The DeFi ecosystem infrastructure, which they are trying to create, is governed through a token — the DIA Governance Token — which shall be held by a decentralised community of DIA token-holders and their delegates.
This will be the first public distribution of DIA’s governance token, and it aims to decentralise governance to the broader DeFi and blockchain ecosystem and raise funds for the continued development of the platform.
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❇️Technical Outlook Ahead
Although it is too early to talk about this coin, we do not have enough information to interpret this coin
But given the high fundamentals in general:
With a long-term view, you can buy a step in the green support lines in the part and keep your stop loss close.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
DIA/USDTMight look like its a lot going on on this chart, let me explain!
I have drawn all my S&R levels (blue lines) and also found a triangle pattern (green lines).
A good thing to do while trading is to look for CONFLUENCE. Therefore you can see when the FIB RETRACEMENT has been drawn on, we have CONFLUENCE at the bottom green trendline that lines up perfectly with the GOLDEN RATIO of the FIB. So if the price goes down and BOUNCE from that level, that could be a golden opportunity to BUY.
If you want to be more conservative, you will wit for the breakout of the upper green horizontal line. As you can see there, the price as rejected 4 times already as resistance. So a break above that level would be bullish.
Like always, patience is key. If you don't see a setup or a reason to enter a trade - stay on the sideline!
DIAUSDT ANALYSISIt is too early to talk about this coin It is 10 th day of this coin so that we don't have enough data to interpret this coin
but generally :
Buy at the support line( $ 1,994) sell at the resistance line($ 2,759)
Try to catch EngineeringRobo ' s buy signal
Have a good trade If you want to use EngineeringRobo please dm me.
10X Altcoin Trade: DIAUSD LONGDIA is the token that I believe has the highest chance of giving 10x return in the short-to-medium term.
Fundamental Factors
1. DIA is an oracle provider, similar to Chainlink. Defi tokens, including oracle tokens, have taken turns having huge pumps, giving 10x, 20x, 50x even 100x+ returns. DIA is one of the few tokens in this space that haven’t yet had a massive pump.
2. Market cap of DIA is relatively small ($30-40M), giving it a lot of room to run. Even a 10x return from current levels will only put it at $300-400M market cap
3. Strong fundamentals and team driving product development and community growth
Technical factors
1. Confluence of levels: support&resistance flip, 200MAs, 61.8Fib.
2. Bullish candles bouncing off of confluence of levels.
Admittedly, the short term technical indicators are only meant to indicate that this is likely a good area to accumulate. But as this is a 10x potential opportunity, the exact price level at which you buy doesn’t need to be very specific.
If you like this idea, please like, comment, follow.
This is not financial advise, please do your own due diligence.
DIA to EXPLODE I'll make this quick.
MACD about to cross on the 4 hour chart. 1 Day. Volume is coming into play. Binance listing just announced. This will open up a whole new market to DIA.
MCAP is 120M. 24 hour volume is $67,963,674. The volume is very telling. Now watch that volume over the next two weeks.
Look at the last wick and the volume surge.
I will not be surprised to see a 2x - 3x over the coming weeks. Within the next 12 months we could be looking at 10x and beyond.
DIA is an oracle. Other oracles in this space (think: Link, BAND etc.) have pumped 10X - 100X. Now we have Binance, fun and games can really begin.
Love and light.
Crypto Nut.
$DIABTC #DIA We may get lucky and see a "Monster Pump" on this$DIABTC #DIA We may get lucky and see a "Monster Pump" on this
About DIA: DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data. Based in Switzerland, DIA operates as a non-profit association.
Zug, Switzerland, Aug. 03, 2020 (GLOBE NEWSWIRE) -- DIA, (Decentralised Information Asset) the open-source data and oracle platform for the DeFi (Decentralised Finance) ecosystem, announces the first step to decentralise its governance by public distribution of its governance token on Monday, August 3, 2020. The highly anticipated event will give participants the opportunity to acquire DIA’s Governance Token (DIA).
DIA sets out to become the platform for open-source financial data
DIA aims to fully distribute governance to become a full DAO by 2025
DIA’s first public governance token distribution will take place Monday, Aug 3 at 3 pm
Founded in 2018 as a Swiss Association, DIA’s vision is to make validated and auditable financial market data accessible and open-source to both traditional and decentralised financial markets. Rather than sourcing and providing data itself, the DIA platform sets crypto-economic incentives that drive the sourcing and validation of data by the community.
The exponential growth of DeFi calls for more resilient data solutions
Financial data is the critical foundation of any financial market. Both in traditional and digital asset markets the cost of bad data has become tragically apparent in the wake of scandals surrounding manipulation and a lack of transparency, causing severe loss of funds and calling for more trustworthy and transparent solutions.
In particular, the recent exponential growth of DeFi applications have sparked a new interest in the data architecture that supports this ecosystem. While a range of providers are already catering to the increasing demand for data, DIA’s approach fuels the hope that the ecosystem’s data providers will leverage the benefits of decentralised governance to provide the highest quality data and make it accessible to all market actors.
DIA’s co-founder and Association President Michael Weber explains, “With a DeFi industry already worth $5 billion and growing at a rapid pace, trusted data will become the most crucial building block for the DeFi economy. We believe that data needs to be community-driven, decentralised, and transparent. The DIA Association will be positioned to provide the best possible oracles by leveraging the decentralisation of DIA as an organisation and a community that is incentivised at each step the process.”
DIA’s Governance Token Distribution
Following its private sale which sold out in just 3 days, DIA will make its governance token accessible in a novel allocation mechanism dubbed “bonding curve distribution”. This will be the first public distribution of DIA’s governance token and aims to decentralise governance to the broader DeFi and blockchain ecosystem and raise funds for the continued development of the platform. The distribution will be publicly accessible via DIA’s website starting today, Monday, August 03, 2020 at 3 pm CET. The full process is explained in greater detail on DIA’s official Medium blog.
DIA’s team brings extensive experience in blockchain and finance
DIA is run by a team of experienced web3 founders and financial market experts and is backed by notable venture capital funds, including Outlier Ventures (OV), Continue Capital,
and TRG Capital as well as angel investors from the traditional financial space. As one of the star performers to emerge from OV’s ‘Base Camp Accelerator’, DIA has received praise as one of the most promising upcoming DeFi projects, dedicated to the democratisation of data and company transparency.
Following the upcoming distribution, DIA is planning several other mechanisms to allocate its governance tokens to key DeFi market actors and innovators as part of the ‘DIA Ecosystem Token Pool’ and ‘DIA Labs’. DIA’s goal is to reach a full DAO implementation by 2025. More details will be announced soon.
Jamie Burke, Founder of Outlier Ventures, explains, “DIA’s unique proposition is to democratise the provision, access, and usage of financial information by leveraging the wisdom and power of the crowd. Their mission is to make financial data standardised, open-source and accessible to everyone and under the same terms. We believe that decentralised finance will be a multi-billion dollar industry and that DIA are leading the innovation that will secure a solid and fair foundation for this industry.”
The next Chainlink????Missed the opportunity to enlist as a Link Marine ....Not to fret, your time for redemption is here, introducing:
According to CMC , "DIA (Decentralised Information Asset) claims to provide financial institutions with an immutable and verified single source of financial market data for any market and asset type. DIA also claims to be an open-source, data and oracle platform for the DeFi ecosystem. It is further claimed that DIA leverages crypto economic incentives to drive supply, share and use transparent, crowd-verified price data and oracles on financial and digital assets. This token is claimed to be a governance token." Holy..." DEFI" and "oracles".....enough said. Coupled with its low Mcap (3m @ time of writing)...perfect recipe for a pump....see you guys on the MOONNNN!!!!
Shilling aside, I fundamentally believe this is one of the few stronger oracle projects that could potentially compete with Chainlink. It just started trading not too long ago, and seems to be consolidating around the $3 region. Hopefully, the DIA team would step up their efforts to raise awareness on this AMAZING project. Before that happens, load up.
At the end of the day...remember to DYODD! Happy MOONING~
LTF DIAUSD chartUTCS most recent signals are sell...
but rmwilliams bottomfinder flashing bottom signal pretty heavy when we entered that supply zone
from what ive heard this project has v sound fundamentals
so my bias is still long
interestingly the apex point for this chart is also monday
lowcap defi descisionpoints?