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DIA

VIX: UVXY: Higher Volatility in SeptemberVIX and UVXY have shown higher activity in September. Although, historically, we are still at very low levels of volatility, that may change approaching the election. VIX and UVXY are derivative measures of volatility that are moving, in general, in opposite direction to SPX500. However, during times of uncertainty, like upcoming election, VIX and UVXY may remain elevated while the markets are still moving higher. Choppy action in the market price movement is anticipated. Technical levels: Based on Fibonacci extensions of the most recent move down, from $33.50 to $18.50, next potential upside targets for UVXY are $24.69 (38.2%), $26.43 (50%), and $28.17 (61.8%). These levels are largely dependent on the actual price movement of the SPX500 index, and can be used as a guideline only. One hour chart shows that we are approaching 38.2% Fib level with RSI and MACD chart close to near-term overbought readings, with some negative divergence between the price and volume. This pattern may be indicative of a pull back or consolidation in VIX and a higher move up on SPX500 chart. However, a four hour chart presented here, shows RSI and volume levels creeping higher then levels seen in July and August with more room to go toward considerably higher levels observed in June, when UVXY was trading at $45-$50. As it is difficult to place a price target on a derivative index, a trend is up, based on 4 hr MACD and RSI charts.
AMEX:UVXY
by tradexchart
MU: Micron Keeps Moving Up - Possible TargetsMicron chart keeps rallying towards its earnings day on 09/29/2020 (confirmed). Trading at $47.80, the price is close to its second target of $48.13 (50% Fib level). Potential higher targets are at $51.46 (78.6%) and $54 (100%) levels. Scenario analysis: ADP employment numbers to be reported on Sept 3rd may help with further short-term price advancement, if positive. However, September has been a volatile month historically. A broader pull back in major indices is possible between next week and end of this month. If such correction occurs, MU chart may pull back as well, possibly down to $44 level, to resume its rally toward price levels above $50 with general market move higher in October - November time frame. If MU chart makes its way to $51 level before the earnings, that could be a good opportunity to book the profits and reassess possible price movements at that time.
NASDAQ:MU
by tradexchart
DIA to EXPLODE I'll make this quick. MACD about to cross on the 4 hour chart. 1 Day. Volume is coming into play. Binance listing just announced. This will open up a whole new market to DIA. MCAP is 120M. 24 hour volume is $67,963,674. The volume is very telling. Now watch that volume over the next two weeks. Look at the last wick and the volume surge. I will not be surprised to see a 2x - 3x over the coming weeks. Within the next 12 months we could be looking at 10x and beyond. DIA is an oracle. Other oracles in this space (think: Link, BAND etc.) have pumped 10X - 100X. Now we have Binance, fun and games can really begin. Love and light. Crypto Nut.
Long
by DaleRennie
3
$DIABTC #DIA We may get lucky and see a "Monster Pump" on this$DIABTC #DIA We may get lucky and see a "Monster Pump" on this About DIA: DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data. Based in Switzerland, DIA operates as a non-profit association. Zug, Switzerland, Aug. 03, 2020 (GLOBE NEWSWIRE) -- DIA, (Decentralised Information Asset) the open-source data and oracle platform for the DeFi (Decentralised Finance) ecosystem, announces the first step to decentralise its governance by public distribution of its governance token on Monday, August 3, 2020. The highly anticipated event will give participants the opportunity to acquire DIA’s Governance Token (DIA). DIA sets out to become the platform for open-source financial data DIA aims to fully distribute governance to become a full DAO by 2025 DIA’s first public governance token distribution will take place Monday, Aug 3 at 3 pm Founded in 2018 as a Swiss Association, DIA’s vision is to make validated and auditable financial market data accessible and open-source to both traditional and decentralised financial markets. Rather than sourcing and providing data itself, the DIA platform sets crypto-economic incentives that drive the sourcing and validation of data by the community. The exponential growth of DeFi calls for more resilient data solutions Financial data is the critical foundation of any financial market. Both in traditional and digital asset markets the cost of bad data has become tragically apparent in the wake of scandals surrounding manipulation and a lack of transparency, causing severe loss of funds and calling for more trustworthy and transparent solutions. In particular, the recent exponential growth of DeFi applications have sparked a new interest in the data architecture that supports this ecosystem. While a range of providers are already catering to the increasing demand for data, DIA’s approach fuels the hope that the ecosystem’s data providers will leverage the benefits of decentralised governance to provide the highest quality data and make it accessible to all market actors. DIA’s co-founder and Association President Michael Weber explains, “With a DeFi industry already worth $5 billion and growing at a rapid pace, trusted data will become the most crucial building block for the DeFi economy. We believe that data needs to be community-driven, decentralised, and transparent. The DIA Association will be positioned to provide the best possible oracles by leveraging the decentralisation of DIA as an organisation and a community that is incentivised at each step the process.” DIA’s Governance Token Distribution Following its private sale which sold out in just 3 days, DIA will make its governance token accessible in a novel allocation mechanism dubbed “bonding curve distribution”. This will be the first public distribution of DIA’s governance token and aims to decentralise governance to the broader DeFi and blockchain ecosystem and raise funds for the continued development of the platform. The distribution will be publicly accessible via DIA’s website starting today, Monday, August 03, 2020 at 3 pm CET. The full process is explained in greater detail on DIA’s official Medium blog. DIA’s team brings extensive experience in blockchain and finance DIA is run by a team of experienced web3 founders and financial market experts and is backed by notable venture capital funds, including Outlier Ventures (OV), Continue Capital, and TRG Capital as well as angel investors from the traditional financial space. As one of the star performers to emerge from OV’s ‘Base Camp Accelerator’, DIA has received praise as one of the most promising upcoming DeFi projects, dedicated to the democratisation of data and company transparency. Following the upcoming distribution, DIA is planning several other mechanisms to allocate its governance tokens to key DeFi market actors and innovators as part of the ‘DIA Ecosystem Token Pool’ and ‘DIA Labs’. DIA’s goal is to reach a full DAO implementation by 2025. More details will be announced soon. Jamie Burke, Founder of Outlier Ventures, explains, “DIA’s unique proposition is to democratise the provision, access, and usage of financial information by leveraging the wisdom and power of the crowd. Their mission is to make financial data standardised, open-source and accessible to everyone and under the same terms. We believe that decentralised finance will be a multi-billion dollar industry and that DIA are leading the innovation that will secure a solid and fair foundation for this industry.”
Long
by Abbas39
1
S&P 500 review - potential false breakout trade in trading rangeCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 25 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Those two potential trades from the trading range were based on false breakout (or spring setup). Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later. Check out my daily market analysis video in the last session below if you haven't in order to better relate to the market recap and the trade review. Bias - neutral (Day trading); bullish (long term) Key levels - Resistance: 3480-3500 ; Support: 3420–3430, 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230 Potential setup - Look for potential long entry upon rebound from 3420–3430. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
4