DIAUSDT trade ideas
DIAUSDT bounced on 0.618 Fibonacci Level 🦐DIAUSDT bounced on 0.618 Fibonacci Level, and now is testing the daily resistance. IF the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BINANCE: DIA/USDT🛒 Pair: DIA/BTC 🛒
== SPOT==
**⏰ 1400/01/01 ⏰**** Happy new year**
🕰 20/03/2021 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#102
🛒 Buy : 3.30 - 3.40 🛒
👉Sell Targets👈
🎯TP1: 3.75 🥉
🎯TP2: hidden🥈
🎯TP3: hidden🥇
🎯TP4: hidden🚁
🎯TP5: hidden✈️
🎯TP6: hidden🚀
🎯TP7: hidden 🛰
⛔️ SL: 2.95 (if 4 hrs. candle closed below)
falling wedge broken in low time frame
Cup and Handle break out and testing
a bit risky as S/R flip test not confirmed yet
DIA/USDT a strong bullish marketDIA/USDT
According to my analysis, DIA is in an uptrend channel. so we are looking for a buy position. if you draw the descending trend line(X) in 4h chart you can see the price has broken up the trend line(X) with acceptable volumes and at this moment a clean pullback can be seen on the chart. additionally a strong support(A) is under the price that we expect buyers to come to the scene.
if a good reversal candlestick pattern such as a bullish engulfing shows up, it's a nice trigger to enter the position.
The target can be consider before reaching resistance (B).
Support(C) is a nice zone to set your stop loss.
This idea depends on the condition of the BTC and alt coins market cap. As long as the market cap is moving up smoothly and Bitcoin is in a range market or moving up slightly, this analysis is reliable.
Caution: this is not a buy or sell signal and all of the risks of trading this idea is on your own.