✳️ Streamr All-Time Low + Consolidation Box = Bullish
Updated
Streamr vs Bitcoin (DATABTC), hit a new All-Time Low just recently and quickly entered a period of sideways action, the accumulation phase.
As DATABTC trades very low, we can appreciate a very strong RSI with a reading of 57 (bullish).
✔️ This is a great chart setup. Low risk with a high potential for reward.
➖ The risk is low because a stop-loss can be set near, at or below the ATL.
➖ The potential for reward is high because after a downtrend follows an uptrend, so this pair can grow long-term. In the worst case scenario, a bullish wave can produce several Xs of gains.
This is not financial advice.
All the information shared in this channel is intended for learning and entertainment purposes only.
Your support is truly appreciated.
You deserve the best.
Namaste.
As DATABTC trades very low, we can appreciate a very strong RSI with a reading of 57 (bullish).
✔️ This is a great chart setup. Low risk with a high potential for reward.
➖ The risk is low because a stop-loss can be set near, at or below the ATL.
➖ The potential for reward is high because after a downtrend follows an uptrend, so this pair can grow long-term. In the worst case scenario, a bullish wave can produce several Xs of gains.
This is not financial advice.
All the information shared in this channel is intended for learning and entertainment purposes only.
Your support is truly appreciated.
You deserve the best.
Namaste.
Comment
Bullish breakout confirmed!
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