DATAUSDT trade ideas
DATA only for risk takers - red area buy, green to sellPrice looks like there is a bottom...now it should slowly curving up as April is coming - i think we will see some green color in April. Data has nice PA. Usualy this pattern with price under 20 MAs are buys. Lets see and good luck.
NOT A FINANCIAL ADVICE
POSTING THIS JUST FOR EDUCATIONAL PURPOSES
🉑DATA- 2022 New perspective feat. double bottom divergencesThe price reached strong support, left is previous trend forming a potential double bottom there (confirmation after breaking above >0.10$) Multiple bullish divergences can be spotted on various indicators => (RSI,MFI,OBV) The divergence on OBV is insane.
- The chart with longer price history from Bitfinex BITFINEX:DATUSD (different ticker) looks ok (the price is at last point of dynamic support)
- BINANCE:DATABTC pair is at support in a rising channel
The whole 2021-2022 price action could be treated as one big accumulation <= this remains valid as long as the price hold above 0.07$ (red area) Also the good thing is that even if I'm wrong, stop loss can be placed very close(less than 10%) which means that risk:reward ratio here is extremally attractive.
Will post updates whenever I feel like it's needed.
DATAUSDT price action trend volumewelcome all,I came today to share with you my thoughts on DATAUSDT,As you can see, the trend line was broken by a strong candle, which means that the direction of the price movement will reverse.
I'm just waiting for the trend line to be retested Because I think the price will start to rise soon after retesting the trend line.
After breaking the resistance area B1 ,you can consolidate your trade.
Have fun with DATA | StreamrStreamr seems like an awesome P2P network. The liquidity was low and choppy at the 15min timeframe.
Red = Daily
Orange = 4hr
Yellow = 1hr
Light blue = 15min
Blue = 5min
Purple = 1min
Untested levels are marked with horizontal ray. Lower rays indicate area's of support and Upper levels indicate area's of resistance. These could be area's to enter and exit positions.
Dashed lvls = should have strong bounce. If not, level could be targeting a deeper level in the range.
Line = Break point of lvl/range. If candle closes below the break point, its likely failing. Must hold to continue laddering.
Dotted lvls = tested lvl