DATA (Streamr DATAcoin) Token Analysis 13/04/2021Fundamentals:
Streamr is a distributed open-source project, crowdfunded in 2017. The project's goal is to build the decentralized infrastructure for real-time data, replacing centralized message brokers with a global peer-to-peer network. By relying on cryptography instead of trust, the open-source network aims to enable data sharing and monetization in IoT and smart cities, business consortia, individual crowd selling through Data Unions and the decentralized web (Web 3.0).
The Streamr tech stack includes a pub/sub messaging network, data marketplace to trade and crowdsell real-time data, and a real-time data toolkit.
The live Streamr price today is $0.207965 USD with a 24-hour trading volume of $24,721,262 USD. Streamr is down 3.88% in the last 24 hours. The current CoinMarketCap ranking is #301, with a live market cap of $180,773,471 USD. It has a circulating supply of 869,250,679 DATA coins and the max. supply is not available.
The top exchanges for trading in Streamr are currently Binance, BiONE, HitBTC, BKEX, and Bitfinex.
Technical Analysis:
The Token has done its initialization and Accumulation phase followed by an impulsive wave.
currently the price is at the retracement phase after a distribution at the 61.8% or the Golden zone of the Fibonacci Retracement
There exist a strong support area at 0.125USD
There are total of 3 Targets Defined by Fibonacci Projection where as the 2 TP is confirmed and 3 TP gets its confirmation after the 2 Target achievement followed by some retracement and price correction.
Streamrdatacoin
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
Streamr broke wedge, now perhaps falling to strong suport.DATA/USDT broke its months falling wedge and is now falling to its strong support at around 0.022.
Depending on the global crypto market (mostly BTC and ETH) it may reach this support. However, the RSI states DATA is heavily oversold at the moment. So, we might see a potential rise to reach the wedge again if other large caps stay stable. After DATA has stabilized, the next challenge is the 0.07 strong support.
More on the practical use cases of this coin can be found on the streamr.network website.
I believe that Streamr is still a gem waiting to be discovered by most people. The technology is sufficient in complexity and serves numerous use cases. With the new head of marketing Streamr may become one of the larger top-100 crypto's in the next bull-run.
As biased as I am, because I love new innovative tech, this is my idea of the direction of the DATA coin.
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.
109% Mapped Short-Term For Streamr DatacoinHello my fellow cryptocurrency trader, another beautiful day today.
Looking at Streamr Datacoin, one of the many low market capitalization altcoins, we have some interesting signals.
While the big market capitalization altcoins printed a lower low after 12-May, the smaller ones are printing higher lows... Giving us a very important and revealing signals.
It will all grow.
We have an ascending triangle, bullish RSI with a break above EMA50.
These are the signals, the rest is on the chart.
Namaste.
Streamr DATAUSDT - Symmetrical triangle / bull flag +1100% gains- Streamr - DATA - Rank #424 - Token
- DATA is currently breaking out of the symmetrical triangle.
- After that, explosive move will folow.
- Bullish volume is higher and RSI is prepared.
- Profit target is 1.618 FIB extension.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
🉑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
💥DATA - LONG TO $0.16 OR SHORT TO $0.1Please support this idea with a LIKE👍 if you find it useful🥳
Current market price of Datausdt is $0.12. As we can see, price is in an uptrend channel with an inner trendline serving as support.
If support holds, we go long to $0.16 but if it doesn't, price will fall to $0.1.
What do you think?
Share your opinion in the comment section✍️
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Happy Trading💰🥳🤗
🆓Streamr DATAcoin/USDT Analysis (11/3) #DATA $DATADATA has a big trouble at the 0.12$ zone, if the buying force doesn't come, it will move down to 0.09$ or even 0.07$ zone. Only if it conquers the 0.12$ zone, it will have a chance to move up to 0.17$ zone
📅EVENTS
👉Jun 30 : Release Data Union 2.0
📈BUY
-Buy: 0.088-0.092$ if A. SL if B
-Buy: 0.068-0.072$ if A. SL if B
📉SELL
-Sell: 0.115-0.12$. SL if A
♻️BACK-UP
-Buy: 0.115-0.12$ if A. SL if B
-Sell: 0.165-0.175$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
DATUSDT +1000% Thank me laterDATUSDT is coiling up and using the last resistance as support... the breakout is going to be parabolic... Thank me later after a 1000% pump
I'm all in...
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.