đź”® DIA- attempting breakout soon? heavy resistance
If you've seen my other recent posts you should probably know this setup by heart by now, as this scenario (symmetrical triangle breakout) is visible on many charts right now.
The price is attempting a breakout right now, but is being suppressed by the key level (1.84), dynamic resistance (upper trendline) and 200EMA. Once it manages to break it, we can expect it to move to the next area of resistance 2.20-2.50 (highlighted red)
Entry: average buy in the green zone (current price down to the dynamic support trendline) -- or buy at 200EMA breakout -- or buy later on a local pullback
Long-term targets:
TP1: 2.23
TP2: 2.54
TP3: 2.75
TP4: 3.48
TP5: 4.24
TP6: 5.15(~180%)
TP7: OPEN++
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About DIA:
DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.
DIA is the governance token of the platform. It is currently based on ERC-20 Ethereum protocol.
The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold.
Source: coimarketcap
The price is attempting a breakout right now, but is being suppressed by the key level (1.84), dynamic resistance (upper trendline) and 200EMA. Once it manages to break it, we can expect it to move to the next area of resistance 2.20-2.50 (highlighted red)
Entry: average buy in the green zone (current price down to the dynamic support trendline) -- or buy at 200EMA breakout -- or buy later on a local pullback
Long-term targets:
TP1: 2.23
TP2: 2.54
TP3: 2.75
TP4: 3.48
TP5: 4.24
TP6: 5.15(~180%)
TP7: OPEN++
--------------------------
About DIA:
DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.
DIA is the governance token of the platform. It is currently based on ERC-20 Ethereum protocol.
The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold.
Source: coimarketcap
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