DATABTC trade ideas
DATA trading by pitchfork strategyDATA is moving at the bottom of pitchfork channel. In according to pitchfork rules, it can move up to median line. I think 569 can be a good zone to set the first target.
DATA/BTC (Rejected @ Trendline Resistance)DATA/BTC
-Streamr DATAcoin got rejected by the trendline resistance
-The price is likely to go back down to retest the previous Low support
-The 400 sat area is a previous resistance turned support
-If the price hits that level, the chances of another bounce up reaction are high
-But I will always recommend opening a Buy order only if there are Bullish signs
-Because if there will be no sign of reaction at potential support
-It is likely to fall lower and cut through the support area
-That's why waiting for the right formula will reduce the risk involved
Streamr Datacoin Daily AnalysisStreamr DATAcoin Daily Analysis:
1 - Accumulation zone still at: 525 - 715 sats
2 - Strong support at EMA 200: 505 sats
3 - Strong resistance: 60 RSI (red line)
4 - Daily RSI breaking above 60 level: great movement will be expected
Is the retrace over?In the same schematic, DATA is a coin that has been pumping earlier this year and yet still recovering. The mid term trend is bearish, however the price is forming a Falling Wedge. This pattern is famous to be a bullish reversal pattern.
Our goal as swing trader will be to trade the waves inside the falling wedge. We will also monitor the breakout of the resistance trendline to buy a position on the long term.
DATA IN UPTREND CHANNELReally important to me Please support my work by like or leave a comment
By "following" you can always get new information quickly.
"THANKS" you in advance for your support
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price retracement to 61.8 fibo and should expand to 161.8 fibo extension
If in this candle, price be able to crossing up EMA50 (Red line) we can consider ascent will happen
also you sees, after the price could able to conquer MA200 (Yellow line) and EMA300 (Pink line)
Now it back test on those and hold as a new support determine after almost 1 year
Price in bottom of regression channel now time to raise
But if the bottom of the channel breaks more than 15% We should expect a decline
potential target marked
GOOD LUCK AND PATIENCE
$DATA MEANS CHA CHING TO MOON BOYS You can see from this chart i drew that we are saved by this bottom ring which will carry us on up to the moon!!!
$DATA
LARGO - DATA - Oportunidad de CompraBINANCE:DATABTC ha estado en un periodo de consolidación de varias semanas luego de la ta gran tendencia bajista en la que concluyó la subida descontrolada de hace varios meses, por fin ha vuelto a hacer del MA50 a 4h un soporte, lo que nos indica que la tendencia potencialmente va a cambiar.
Entrada: 0.00000442
Objetivo 1: 0.00000485
Objetivo 2: 0.00000524
SL: 0.00000424
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DATA/BTC (Pullback, Retest New Support?)DATA/BTC
-the trendline resistance has been broken to the upside
-but the price has retraced and potentially will reset the new support
-the highlighted green area if the immediately level needs to hold
-to continue its uptrend short term bias
-for now, there is no major red flag yet
-we will have to observe the situation in the coming 3-5 days
#DATA Scalp trading inside a triagle looking to buy at support assuming this will break upside, still too early
#notfinancialadvisor
#DoYourOwnResearch
