DATAUSDT
DATA breaks the falling wedge on weeklyDATA breaks the falling wedge pattern on the weekly chart. Falling wedge breakout is bullish and we see a good rally in DATA in coming weeks. DATA is heating up for a big rally. DATA has some good news coming in the second quarter and also launches the Brubeck testnet in Q2.
Buy Zone: 295-300
Target: 335-360-395-430-475-510-560-605-650-710-780-865-990
Data is about to explode .... +90% in days✅ Buy: 290 - 300 sat ✅
🎯TARGETS:
1- 340 (10.18%)
2- 370 (22.22%)
3- 430 (35.18%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below 234 sat
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DATA reached previous accoumlation zoneDATA / BTC
Price was in downtrend channel and dropped to the previous accoumlation zone (157-105 sats)
Last time From this area we had massive bullish rally to 1100+ sats !!!
Now we wait Bullish signs here first before a buy descision specially if BTC dominance start to decrease will be a good signs for alts like DATA
But best safe buy area is :
if price also managed to break trendline resistance and flip the next resistance in my chart into support ..if that happened it will open more targets for bulls to achieve
Good luck and happy trading 🌹
Data/btc descending channelData/btc currently in descending channel pattern
And recently got rejected from upper trendline of the channel
I expect it to drop to key support level 316-280 sat from here we can see bullish movement to trendline resistance again
If the key support broken downward
It will drop to accumulation zone again and we can expect strong buyers will come if it dropped to that level
*Special condition :
If data managed to break the descending channel trendline and close above that will be a good buy and I will update if that happens to next targets
DATAUSDT AnalysisAt this moment, there is BULL signal present and risk-reward ratio is higher than 2.
Also, the candles are above my down trend line.
If you are holding DATA, do not hurry to sell. You can sell when there are sell signals present or you can take profit at the resistance level (0.058)
Also, if you haven't bought DATA , since there are BULL signal present & the risk-reward ratio is higher than 2, you can buy right now. If you buy, please watch out for EngineeringRobo's sell signals.