Streamr (DATA) formed a bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Streamr (DATA) with BTC pair.
Previously we caught a nice pump of DATA as below:
Now on a 4-HR time frame, DATA has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Streamrdata
Streamr (DATA) forming a bullish Cypher | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Streamr (DATA) with BTC pair.
Below was our last successful trade of DATA:
Now on a 4-hr time frame, DATA is about to complete the final leg of a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
🉑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.
🉑StreamrDATA-The time has come? Solid conditions for a breakoutThe price is currently sitting in the area of big support, actually the biggest support confluence since the beginning of this year. Could this mean the next push towards the area of major resistance will actually break it? Very possible, we'll see what happens.
You can check out related ideas to see macro view.
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About DATA:
Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum . It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral
🉑StreamrDATA- an opportunity for a re-buyAfter a huge pump a few weeks ago (congratulations if you got in- see related ideas), the price is now back at pre-breakout levels. This could be an opportunity to buy back for those who took profits during the pump, or for those who have been waiting to get in.
📊DATA Textbook E/Waves in a S/TriangleThis is almost a perfect textbook example of Elliot Waves inside of a symmetrical triangle/bullish pennant (whatever you want to call it, I don't know)
The price is getting squeezed inside of the formation and is going to be forced to make a move either up or down.
Given the previous uptrend which had its peak on 7th of April 2021, this is considered to be a continuation pattern with higher odds of breaking out to the upside.
I'm scaling in with some longs!
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About Streamr DATAcoin:
Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral.com
📊 StreamrDATA-- Macro ViewHere's macro view of BINANCE:DATAUSDT
-- No comment needed I guess --
>> See my previous publication for local view
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Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral
Elliott Waves working on 4h chartWe could see the first elliott wave completed!
The top chart's blue line is a big resistance (275 days downtrend).
If we see this channell broking, I expect a BIG MOVEMENT (second Elliott Wave). Keep your eye open.
DATA is near to trend reversal (bearish to bullish).
STREAMR is too close to trend reversalStreamr DATAcoin is fighting against resistance to break the EMA 200, since November 9 (70 days below EMA 200).
DATA touched 10 times EMA 200 since Nov 9.
But we are too close to see a trend reversal, breaking above EMA 200.
Ema 50 / EMA 200 cross will put DATA to bullish mode.
250 days RSI breakout ready to go!250 DAYS RSI breakout is VERY CLOSE!
1 - Strong resistance at 200 EMA (400sats , at this moment)
2 - Strong resistance at red downtrend line - 380 sats , at this moment.
3 - Strong resistance at red RSI line (51 level, at this moment)
Entry opportunity:
1 - If daily RSI broke the resistance line (red line).
2 - If daily candle close above to 380-400 sats.
NOTE: I believe in STREAMR DATACOIN in long term.The best opportunity is entry in early phase (RSI breakout).
The second opportunity (daily candle closing above 380-400, will put STREAMR to the next level!
Cheers
DATA downtrend continue?Trade in profit! Push up Like button if you like my reviews and help you understand the current market situation! Subscribe to the channel and stay tuned for trading ideas that are not trading recommendations.
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