"Above water" is the bullish zone. This is marked here with a blue line on the chart.
"Below water" is the bearish zone. From August 2022 through Jan. 2024, DIAUSDT was trading below water. It moved briefly above water only to move back down later in mid-2024.
After several weeks of bullish action, today, DIAUSDT is back above water and with growing momentum... The doors are open for additional growth.
This is a strong development because this level was pierced once already in early 2024. This second time, staying above can open the doors for long-term growth.
We are looking at 855% potential on this chart and this is mid-term. We can see a new All-Time High in 2025 but it will take some time. We will revisit this chart after some growth takes place.
If DIAUSDT goes back below water, we can expect a bounce after just a few weeks or 1-2 months. The market is set to grow regardless of any potential downside in the short run.
Retraces and corrections can be used as an opportunity to buy-in, rebuy and reload.
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