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DIAUSDT trade ideas
DIAUSDTFailure of the uptrend channel does not always mean a change of trend, sometimes we give the possibility of failure of the channel floor and after the failure of the channel floor, the price does not move downwards as desired.
When the floor of a valid uptrend channel is broken, the price is on the first static support and there we have the initial reaction to the level.
Now, if the market trend is upward, the price will easily be supported at that point and will move upwards.
At other times, the price settles on the static support and suffers from a trend.
If the support level does not have much throwing power, the probability of breaking the support level increases and in case of failure, the traders' point of view changes.
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DIA/USDT upward movement will happenHi every one
DIA / TETHERUS
DIA/USDT has formed an ascending triangle which means the price is expected to increase as much as the mesured price movement but only after the breaking the this pattern upwardly just wait for it !
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
DIAUSDTentry: around 3.10
TP1: 4.094
TP2: 4.514
TP3: 4.871
TP4: 5.427
TP5: 6.077
SL: 2.108
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- My trades are not financial advices
- always use stop-loss
- invest only the amount of money you are ready to lose
- trade with a strict money management method
DAI.USDT (Y21.P1.E1).StalkingHi All,
Just looking at this one and its current scenario, if it gets to pullback due the resistance its facing now (1.618 extension), if it pulls back enough, it might be worth jumping into.
Why would it pullback to this level beyond 3.474?
It might not. But I would think it will like to retest this level as support before it continues up, since it seems it hasn't.
All the best,
S.SAri