DLO: updates on trend structure alternatives

Price has followed the upside potential outlined in the September and October updates. However, the structure since the October bottom can also be interpreted as a running flat correction within a larger degree consolidation.

If price moves below the 21dEMA, more downside potential is likely in the coming weeks — with a possible retest of the February and May tops to complete the consolidation phase.
Conversely, closing above the 21dEMA would favor continuation of upside momentum toward the 20–22 resistance zone.

Chart:


Previously:
• On local support (Oct 8):
See Weekly review:
[url= tradingview.com/chart/BITF/MXF8r9gK-Weekly-Chart-Review-Oct-6-10-2025/]
• On pullback potential (Sep 22):
and
• On downside potential and support (Sep 3) https://www.tradingview.com/x/VmDUdtey/ and https://www.tradingview.com/symbols/NASDAQ-DLO/minds/?mind=ceWeIiDKQ9-w4TabhWnsUw