DIA/USDT Possible Cup Pattern

11 בפבר׳ 2021

If you look at the hourly chart you will also see that there is a pennant formation forming, after it's breakout DIA will break the 3 dollars resistance level, after that, if nothing bad happens (like sharp fall in total market cap) I am expecting the cup formation to be active and boost the price to the level of 5 dollars. 2 Possible scenarios are drawn on the chart with purple brush. possible buy locations are - trend line or recent support level, stop loss at 1.5 ATR level. With the help of BTC.D Dominance levels to fall, DIA will reach 5 dollars in my opinion.