DYM is trading at $2,029, after a strong rally from the $1,700 price zone. The price is currently retesting the old resistance zone at $2,033.

  • Trading volume during the recent rally was quite good, indicating strong buying power.

  • However, the volume at the current resistance zone is not really convincing, there may be selling pressure blocking it.

  • If the price breaks above the $2,033 resistance with high volume, this could be a confirmation signal of the pattern and open the door for a strong upside move.

  • RSI: RSI is at 95, indicating the market is in overbought territory. A short-term correction may occur.

  • MACD: MACD is showing signs of negative divergence, warning of a possible trend reversal.

  • Nearest resistance: $2,033, $2,107

  • Nearest Support: $1,900, $1,700

Short term: DYM may correct to the $1,900 zone to retest support before continuing to increase.

Medium term: If the resistance zone of 2,107 USD is broken, DYM can aim for a target of 2.5 USD - 3 USD.

Long Term: DYM's long term trend remains bullish.

  • Buy: Consider buying when the price corrects to the $1,900 support zone with low volume and reversal signals.

  • Sell: Consider selling to take profit when the price reaches the resistance zone of $2,033 or $2,107.

$DYM

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