Dione
DIONE 1H BULL FLAG?Potential bull flag setup on DIONE/USDT 1H TF.
A very exciting L1 project using 100% renewable energy. IMO it's one to watch going into 2025, being environmentally friendly fixes the ethical argument that crypto is bad for the environment, this could be a massive pro for the project going forward when the L1 choice will narrow down as the winners rise to the top during the adoption phase.
For now on the 1H TF there is a potential bull flag breakout LONG setup. After a strong rally price has been accumulating with Lower highs and Higher lows, compressing waiting to expend in either direction. TA suggests a bull flag should be a continuation to the upside. This would be backed up by the 1D chart where price is above the daily support & 1D 200EMA, the draw on liquidity should now be above so this suggests a bullish continuation.
For DIONE to breakout below it would have to lose the 1H 200EMA while it's in a steep uptrend. I think that would have to come from BTC nuking and with FOMC that's possible due to volatility of news events, however it is less likely than the bullish scenario IMO.
DIONE/USDT Trade Setup! , 450%+ Potential Gains ahead!$DIONE/USDT is showing promising signs of continuing its uptrend. The chart reveals a breakout from two key descending triangle patterns, suggesting further bullish movement in the near future.
Currently trading at 0.008192 USDT, reflecting a 13% increase.
Two Scenarios:
Buy 30% at the current market price (CMP) and wait for one of the scenarios below to play out:
- Scenario 1 (S1): If the price maintains stability at this level, we could see a bounce that propels the price higher.
- Scenario 2 (S2): This level is critical for sustaining the overall bullish trend. A retest at this level can provide an optimal entry point.
Historical patterns show strong price movements, with previous breakouts delivering gains of 2,510% and 602%.
This suggests the potential for future targets at the upper resistance level of $0.0436, which represents nearly 432% gains from the current market price.
Trade Idea:
Entry: $0.0062 to $0.0082
Targets: $0.0122, $0.0167, $0.0265, $0.0295, $0.0322, $0.0387, $0.0432
Stop Loss (SL): No specific stop-loss; the aim is to accumulate as low as possible.
Keep a close watch on these levels for potential entries. A retest of Support 1 or Support 2 could present a favourable opportunity to position yourself in the market.
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DIONE Technical Analysis in a 2-Day TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
DIONE has recently showed a good rebound from the support trendline. The price is currently at the 21 EMA and if the market favors the bulls, we are likely to see a decent bullish rally.
For now, the support trendline at $0.00526 holds strong for DIONE.
Key levels:
- Support: $0.00526.
- Resistance: 21 EMA $0.00706.
- Target: $0.03202.
DYOR, NFA.
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Dione , a Gem Hey folks, i have talked about dione months ago and you know i like the project, in my opinion the bottom is in and how i see other charts i can guess that its an amazing price , RSI extremely oversold and atm price is in a super support and ready to take off .
Obvious tp means i think price will definitely tap the orange area .
Dont forget to DYOR .
Stay safe fam
DIONEUSDT at weekly support, likely to bounce and head to 0.012The price has hit the weekly support WS1. It is likely that the price will bounce from here towards weekly resistance WR1. This has good run since beginning of the last year resulting into 50x gains. But since the start of the second quarter of 2024, it is correction mode. And now it has dropped significantly from the high it has made still being lots up from the price it was trading last year. Since it is on weekly support, a bounce is definitely expected, creating opportunit for a long. The target will be weekly resistance first and depending on the price action while it hits the WR1, one can adjust the trade targets. In case it loses Ws1 level, monthly support MS1 will come into the picture to save it from falling further down. But as mentioned earlier, the probability of a bounce towards WR1 is higher than a breakdown here.
For Dione, 1 cent is a reasonable target (400 %)HI Guys!
In general, if we buy with the intention of holding, it doesn't matter if we buy 10% higher or lower .
But in order to better understand the concept of risk and capital management and to be able to prevent ourselves from becoming fomo , we must have a specific entry point and an exit point , and in general, a specific trading setup according to our individual characteristics .
In general, if we are going to lose our money, it is better to lose it ourselves than to have someone else do it !
For a currency like MEXC:DIONEUSDT , which has a higher investment risk than other more well-known currencies, a multiple reward is waiting for us , so we should allocate a small amount of our portfolio to it.
Technically, for me, re-pumping of MEXC:DIONEUSDT depends on the short-term triangle break and then the 180-day downtrend break and its confirmation in a higher time frame .
My medium-term target for MEXC:DIONEUSDT is around 0.005 and longer term is 1cent .
And I consider the stop loss below the support range around 0.002 .