StreamR DATA vs. IOTA I have been watching Crypto for quite some time now, and I'd like to predict that 2018 is going to be the year of coins supporting IOT (IOTA & DATA & ETC) and privacy coins (Monero, ZCash, PIVX etc.).
And although Data does not have much a momentum yet, I believe that there is a huge potential, and the peak at 0.34 showed us not that it can rise high but actually that it does not fall very deep. Currently it is stuck in the BTC struggle, although it is an ETH Token. Actually not just for DATA but for all Alt-Coins it will be interesting to see if they can lose their connection to BTC chart during the year, maybe if ETH become 1st in Market Cap?
Disclaimer: I am a DATA HODLER.
STREAMR
This could be diamond pattern, fingers crossed?!As you can see data could be forming diamond pattern . If the bottom black trend line holds the trend we could see bullish breakout soon.
But BTC is in free falling stage now so be careful. (Probably going to touch ~8400$)
Watch the situation closely, because data also formed head and shoulders which are struggling to get confirmed. If it gets confirmed we could drop back to 0.12$ :(
Spotting a pennant again ?Hope that this time I'm right again, but looks like data is building up for a nice breakout again, put your stop losses, but don't put them to close because I expect it to go down hard again like previous times, before going up, also think if it doesn't come up straight it will eventualy
DATAUSD (2h): Maybe buying opportunity 0.25 > 0.30 > 0.50 USDDATAcoin is based on the Finnish company Streamr. www.streamr.com . Their target: Connect machines and people via a decentralised P2P network. The coin has been tradable on Bitifnex since the beginning of November. I've been watching since then. A listing on Bitfinex could be a good sign of great potential. Now we have completed the second round of consolidation. Fibo is at 38. The TA could look good. I grabbed a few.
Targets:
0.25 > 0.30 > 0.50 USD
Let's see what happens. Happy trading. :-)
Data forming possible CYPHER patterAs you can see there is high possibility that DATA is forming CYPHER pattern, so the targeted price could be 0.2$. Let's wait and see. Data for sure is and great long term coin with great potential and forming of a cypher pattern would only confirm that.
CRYPTOFAIL: STREAMR BITFINEX:DATUSD
I am now switching tactics to find what I call the CRYPTOFAILS, the ones that were able to ride the wave but should never have been valued at current levels. When the final washout occurs and the bubble has burst the good companies will last. STREAMR is not a concept that has merit to be valued at these levels.
Streamr DATAcoin dollar: wave three should be on its wayThere seems to be huge upside potential with this datusd, who may be seen as a smaller brother of iota.
First, resistance at 0.35 USD has to be taken out.
DATUSD BIG BULL RUN AWAITEDStreamr, also referred to as IOTA's little brother has gained huge awareness over the past few weeks. After having completed a solid impulsive wave, we saw a five wave corrective structure - which now has been broken to the upside. MUCH confluence for the $0.50 area as a target. I am a day/swingtrader, so that's the price level I'll most probably close my position. After this I'll be looking for a re entry after another corrective structure. For Q1 I am expecting a very similar price behaviour we saw in the month of November and December with IOTA and Santiment. Might be not that fast and impulsive, but $4-5 should be not to unrealistic for Q1 2018. Definitely a great time to buy for both, swingtraders and investors.
DATUSDThe chart shows a clear bottom chin, a common indicator for an increasing price. When the price reaches the red line, the pattern has been completed.
DATA/USD - Try Again to Go LongGreetings to all friends!
Who has been attentive the last couple of days already rushed to participate in the trade of the StreamR Data.
In the next few parts, the consolidation of the first wave structure will end. And presumably we are waiting for a new run to new highs.
I'll be brief in my first public analysis and only indicate the goals, as well as the points that you should pay attention to.
Trading structure.
Enters
If you prefer risky entry and big profits - you can enter the breakout level of 0.170 provided there are large volumes of trades (with STOPs at 0.149).
For a safer entrance, I would recommend waiting for a breakout of 0.190 with a good volume, a rebound from the current ATH of 0.210 and an entry during upward movement, provided that there are large volumes of trades (with STOPs at 0.159).
I'm prefer 50/50 positions stack to enter with 0.170 and 0.190.
Take profits
The first level for the profit of risky transactions opened after 0.170 is 0.209. To take profit here is necessary to secure trade from a rebound from the ATH.
The second level is 0.248 because of the presence here of large volumes of sales and also the proximity of the psychologically important level of 0.250.
The third level of 0.2729 is the level of 1.618 Fibo from the previous wave structure.
What to look for
This market is traded on relatively small volumes, therefore, in moments of doubt and confusion, any order greater than $ 10,000 can break the course by 5 or more points and change the trend towards flat movement and new consolidation.
It's for this reason that the past wave structure was slightly ugly. Any large loss-order strongly influenced the behavior of the market.
If you have large position sizes (for example, more than 100,000 units), it is recommended that you place the orders with a grid in front of the expected take levels
For example: not 90,000 at 0.209 but 30,000 on 0.2049, 30,000 on 0.2079, 30,000 on 0.2089.
Remember that any decisions you make or do not make are solely your responsibility.
Happy trading, my frieands! Comments are welcome.
