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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.