DIONE
Technical Analysis of Dione Protocol (DIONE) against Tether (USDT) on a 3-Day Timeframe
Key Elements of the Analysis:
Fibonacci Pitchfork:
Applied to track potential dynamic support and resistance levels, offering a visual framework for future price movements.
Trend Lines
Identified major support and resistance levels, with focus on a long-term ascending trendline indicating a critical zone for price action.
Triangular Formation:
Highlighted a consolidation phase, suggesting potential for a breakout in either direction.
Key Price Levels:
Significant zones marked for potential price targets, including:
$0.010213 as the first major resistance.
$0.024738 as a long-term bullish target.
Key Elements of the Analysis:
Fibonacci Pitchfork:
Applied to track potential dynamic support and resistance levels, offering a visual framework for future price movements.
Trend Lines
Identified major support and resistance levels, with focus on a long-term ascending trendline indicating a critical zone for price action.
Triangular Formation:
Highlighted a consolidation phase, suggesting potential for a breakout in either direction.
Key Price Levels:
Significant zones marked for potential price targets, including:
$0.010213 as the first major resistance.
$0.024738 as a long-term bullish target.
Disclaimer
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