DIA/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.
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.
Trade closed: target reached:
Done!
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You can contact me to order your personal indicator in PM or on Telegram: @trade_magicians
t.me/trade_magicians
You can contact me to order your personal indicator in PM or on Telegram: @trade_magicians