Stefan-Trading

From ATH to ATL, and back again?

Long
BINANCE:DIAUSDT   DIA / TetherUS
DIA dumped hard after an all time high on the 5th of may in 2021. When BTC dumps, most altcoins dump too and it even dipped to the all time low a few weeks ago. Even though there are equal highs getting rejected by a resistance zone from the beginning of 2021, there are higher lows indicating upward price pressure. Some would call it an ascending triangle. Gaining the upside of this zone (1.215) on the daily, and retesting it as support would be a sign of strength and indicates further movement up
Trade active:
What was needed for more up movement happened: a flip of the daily S/R

]:)

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.