Title: $DIA Pressing the Top of a Multi-Month Base
Body:
$DIA is trading at 0.1727 on the weekly chart, up 7.13%, after wicking to 0.1974. It has held its July low and reclaimed 0.1489 as support. The key level is 0.1914. A weekly close above it would break the range, with the 0.2044 to 0.2224 EMA cluster as the next zone to test.
RSI is 52.5 and above its average of 41.2, but all major EMAs overhead are still declining, so the trend has not turned yet. A close below 0.1489 would weaken the setup.
Crypto is volatile and this is not financial advice. Do your own research.
#DIA #Oracle #TechnicalAnalysis
Body:
$DIA is trading at 0.1727 on the weekly chart, up 7.13%, after wicking to 0.1974. It has held its July low and reclaimed 0.1489 as support. The key level is 0.1914. A weekly close above it would break the range, with the 0.2044 to 0.2224 EMA cluster as the next zone to test.
RSI is 52.5 and above its average of 41.2, but all major EMAs overhead are still declining, so the trend has not turned yet. A close below 0.1489 would weaken the setup.
Crypto is volatile and this is not financial advice. Do your own research.
#DIA #Oracle #TechnicalAnalysis