Hi Traders!
Some altcoins have been growing quite solidly in recent weeks, which is why this is a suitable situation in which you can multiply your Bitcoin. We will therefore show you specific DIA / BTC trade. We monitor this trade on a daily chart, which means that if you decide to buy, we can reach the targets in 1-2 months - we are talking about a medium-term trade. Why DIA and what do we see on the chart?
This is exactly how I imagine the bottom on altcoin. Again, we see 3 basic cycles - growth, decline and finally consolidation. In the current chart, we see in particular the final consolidation, which is happening in a triangle. We reached the bottom on January 14 and have been following higher lows ever since. However, we still couldn't make a more solid breakthrough or growth that we see on other altcoins. This is exactly what could happen in the coming weeks. The upper trend line creates strong resistance for us and we also have strong zone resistance at the level of 903 - 997 satoshi.
The chart is ready for growth, but it will not start until these two resistances are overcome. In this case, I would choose 2 targets. The first on the level of 1,382 satoshi and the second on 1,872 satoshi. This would be a potential gain of 95% and 164%, which is certainly an interesting evaluation.
the bearish scenario, it would be very bad if we crossed the bottom trend line. If that happened and DIA created a new LOW, then I would rather close the trade as fail.
May the crypto be with you!
Some altcoins have been growing quite solidly in recent weeks, which is why this is a suitable situation in which you can multiply your Bitcoin. We will therefore show you specific DIA / BTC trade. We monitor this trade on a daily chart, which means that if you decide to buy, we can reach the targets in 1-2 months - we are talking about a medium-term trade. Why DIA and what do we see on the chart?
This is exactly how I imagine the bottom on altcoin. Again, we see 3 basic cycles - growth, decline and finally consolidation. In the current chart, we see in particular the final consolidation, which is happening in a triangle. We reached the bottom on January 14 and have been following higher lows ever since. However, we still couldn't make a more solid breakthrough or growth that we see on other altcoins. This is exactly what could happen in the coming weeks. The upper trend line creates strong resistance for us and we also have strong zone resistance at the level of 903 - 997 satoshi.
The chart is ready for growth, but it will not start until these two resistances are overcome. In this case, I would choose 2 targets. The first on the level of 1,382 satoshi and the second on 1,872 satoshi. This would be a potential gain of 95% and 164%, which is certainly an interesting evaluation.
the bearish scenario, it would be very bad if we crossed the bottom trend line. If that happened and DIA created a new LOW, then I would rather close the trade as fail.
May the crypto be with you!