Dia bullish setup
Updated
Dia consolidating in a bullish wedge . Awaiting breakout with good volumes
Comment
DIA can breakout anytime if BTC remains stable. This is a Binance chart (Kucoin chart is also super bullish with a falling wedge and a possible bullish divergence formation with a fast flip, but trade volumes on Kucoin are very sloppy due to recent hack). Anyways, #DIA 1h chart is showing the consolidation within a horizontal channel as well as a wedge. Binance recently saw good volume candles on DIa. (long candles visible in the chart at the top) S&P500 e-mini futures look good for now , but Gold is below $1900 again, a combined effect may show little BTC volatility. I already have bag of DIA, accumulating now and will keep averaging down. SL is kept 9% below the support range in case BTC volatility triggers in, so that I can reduce my exposure there. Resistances are marked.Disclaimer
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