Hi dear friends, hope you are well and welcome to the new trade setup of Streamr (DATA) with BTC pair. Previously we caught a nice pump of DATA as below: Now on a 4-HR time frame, DATA has formed a bullish Gartley move. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
1) EMA 50 x EMA 200 crossed 2) 280 days downtrend breakout 3) Pennant breakout Target: 275 sats
We could see the first elliott wave completed! The top chart's blue line is a big resistance (275 days downtrend). If we see this channell broking, I expect a BIG MOVEMENT (second Elliott Wave). Keep your eye open. DATA is near to trend reversal (bearish to bullish).
250 DAYS RSI breakout is VERY CLOSE! 1 - Strong resistance at 200 EMA (400sats , at this moment) 2 - Strong resistance at red downtrend line - 380 sats , at this moment. 3 - Strong resistance at red RSI line (51 level, at this moment) Entry opportunity: 1 - If daily RSI broke the resistance line (red line). 2 - If daily candle close above to 380-400...
DATA Information: 1 - Accumulation zone: 525 - 715 sats 2.1 - First support: 525 sats 2.2 - Second support: Bottom of red line 3.1 - First resistance: Top of red line 3.2 - Seccond resistance: 715 sats (top of accumulation zone) 4 - We have strong resistance in the RSI (red line)
After increasing sharply from 100sts to 1100sts, DATA is now turning to a downtrend and of course holding DATA in this period is not a good idea. DATA has a very strong resistance zone of 700-750sts and I think DATA will form a Head & Shoulders pattern in June and fall off 528sts to hit the support area of 400-425sts