🉑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.
DATBTC
DATABTC - Wave- & Structural Analysis and Fibonacci ExtensionQuick chart for DATABTC, MACD looks bearish 4H so correction is probably now continuing 21-25 April, then more up expected.
More details are in chart.
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-TheTrex
DATA Breakout?RSI is bullish and we have a consolidating range which could give us a long opportunity. Be advised, this market is currently very speculative as it has limited trading data for pattern identification.