Is the bear market over for DIA? $2.388 on the horizon?DIA is one project I've followed for a while now. I did my fundamental analysis and at the same time followed the price closely, making some incredible gains trading intraday.
For those who don't know what DIAdata (DIA) is, it's one of the web3 data oracle projects in the space. You can find more about this project at DIA official website. It's one of the top Chainlink LINK competitors.
A recent analysis I made on DIA shows that the asset could be on its way to $2.388 in the coming weeks to months. It currently trades at $0.397 at the time of publishing this analysis.
On the weekly chart, DIA has formed a descending wedge; in this case, signals a bearish reversal for the DIA asset.
The target is always the top of the wedge which in this case - is $2.388.
Remember, this analysis is based on the weekly time frame and may take weeks to months to finally hit the desired target. There's also a possibility that we make further lows or play sideways before we finally head towards the target.
What's your take on this, I'll like to know your view.
DIAUSDT trade ideas
Will DIA break the downtrend before the end of October?Long term descending resistance showcases a clear downtrend to DIA (as also can be soon on other oracles, namely ChainLink) which meets a 5 month ascending support whith plenty of retests as pointed with the yellow arrows. With the same sort of time frame there's also an horizontal support with decent relevance.
The latest, in no more than 2 weeks DIA price action will have to break out of this triangle.
If the price breaks down it's uncharted territory which is though to quantify.
When it comes to breaking up there are some interesting levels worth exploring.
- the $0.425 level which would mark the most recent local top
- the $0.50 level which goes back to the previous local top, an important psychological level and a previous support and resistance with considered importance
- the $0.75 level amd the $0.867 level are options but not with as much relevance as the following levels
- the $1 level besided being a great psychological level, have also been an important support in the past, which also coincided wth the top of the triangle making it an interesting target
Fundamental analysis on the $DIA Token$DIA Token is the governance token for the DIA DAO protocol ro help in its growth.
Currently, the DIA community is running a crew quest to assist in the social buzz of the token. We all know what social news does to our token especially when it's all negative. Currently, there has been some pullbacks on the DIA Token in the weekly trading chart but that's currently the market direction of the big coins
..We are seeing the last of the pullbacks.
It would be nice if you perform DCA strategy on this token before the green candles starts showing up.
DIA On the above 2-day chart price action has corrected 95% since the double top in May 2021. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal.
2) Price action has now corrected to the 0.786 Fibonacci level following confirmation of the ‘buy’ signal.
3) A falling wedge pattern + breakout is confirmed.
4) Everything that was said above is also true for the BTC pair (below).
5) Nudge nudge wink wink. Don’t know what I mean? Shame.
Is it possible price action falls further? Sure.
Is it probable? Highly unlikely.
Good luck!
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 - 3 months
Return: 10x
2-day BTC pair
$DIAhopped back on this should break bad soon , all depends on corn having a nice close . targeting just below the 200 on the D1
remember once it flips that and retests it that's when it should get moving big time till then hopping off and on ..
close below red line is invalidation
decent zone above till 26700ish so assuming party continues for now
btc dominance approaching support so lets see if the party continues or we correct
$DIA - UPDATEH4 stoch about to cross targeting the flag with this move which should make a higher high then pull back for the blue weekly downtrend line.
if you're already in it keep chilling..
if you wanna hop on wait for H1 stoch to bottom out .
fun begins after the blue weekly downtrend is taken out which it will imo ( maybe not and btc outshines everything so trail your stop ) attempt so depending on your strategy focus on your exit
hardly any volume on the btc pair so eyes on that as well .. you're looking for an increase in volume and price
$DIA- updateReclaimed 200 on the H4 now retesting it , assuming we grind on up till the dotted line pull back then break this downtrend for the big move.
tempting..( lots of coins are in this exact set up so patience since everything will move together ) focus on your exit and possible compound opportunity
D stoch is giving indications of turning up assuming the red line holds here.
DIAUSDT TECHNICAL ANALYSIS DIA lost almost 90% from May 2021. Is it time to reach last ATH again?
The candles are break out resistance line and break out down trend line as well. You can think it is break out from triangle too. We have received couple buy signals from @EngineeringRobo as well. If next candle open-close completely above down trend-line and If resistance line turn to support line, earning might be INEVITABLE.
Let's follow our chart closely and let's earn together. Please don't forget to follow me as well.
"NFA"
Dia is a Dia-mond? In recent weeks, there has been a significant increase in volume .
I'll be watching this volume increase at the bottom.
What do you think of Dia? Please share your comment.
* None of what i write here is not an invesment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose your money.
Update For DIA/USDT Analysis 📈📉WHATS UP GUYS ?!
In the Last analysis that I posted for DIA ,it was successful and exactly reached all tps and my final target (about 500 % profit💰 🎯)
so now!
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📊Technical
As you can see on weekly timeframe for dia/usdt , since it recorded its ATH it has been declining and flactuating in a supper big falling wedge pattern which is bullish pattern , and recently reached the supports and rejected , so now its facing with the descending trend line of wedge pattern and the pivot zone , and according to increase of volume it can start a uptrend movement if it be able to breakout the trend line . so if it be able to go above the pivot zone then it can easily increase to higher zone and should attack to higher resistance zone in order to achieve higher targets, but otherwise if it lose current supports it can drop to lower trend line of this pattern .
🛑resistance level: $1.03. -1.08/// $1.77-$1.93///$3.14-$3.37/// descending trendlines of pattern
🆚pivot zone: $1.18- $1.25
❇️support levels: $0.8///$.737
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
DIAUSDT is creating a descending channelThe market is creating s descending channel on the weekly support on the 1.03$ level. On the daily timeframe, we can see a false breakout from that area and on the 4h timeframe, the price is trying to have a breakout from it.
How to approach?
IF the price is going to have a breakout from the descending channel and retest the previous resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐