Streamr DATAcoin Fib. Support & Resistance Levels MappedStreamr DATAcoin (DATABTC) was one of the first altcoin pairs to move strong and print over 1,300% in growth back in November 2019.
After a retrace and almost 4 months of consolidation, DATABTC has gone bullish once more.
On the chart above, you can find the Fib. resistance and support levels for DATABTC.
Looking at how this chart is developing, DATABTC can enter a sustained uptrend.
This is not financial advice.
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Namaste.
DATABTC trade ideas
DATA / BTC — Reversal TradingConsider DATA is bearish now.
Reasons for this is just 2 reversal patterns, which occurred on the chart these days:
Rising Wedge — 67% probability for breaking down
Head And Shoulders — 80% probability of breaking down
H&S still under development, so don’t take unnecessary risk here.
Wait for breakout and take profits on the levels below.
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Keep in mind your risk in trades.
Stay profitable, this is Artem Crypto.
DATABTC on the bottom of ascending channelDATABTC is on the bottom of its ascending channel and there is a high potential of price increment.
important support and resistance are shown on the chart. as you can see, the bottom of the channel overlapped with a strong static resistance and MA(100) so it is very important. wait for confirmation, if the reversal happened, open a long position and targets are also indicated on the chart.
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DATA/BTC Bear Flag Update is short Time Frame#DATA/BTC Bear Flag Update:
Current price of DATA/BTC is 678 Satoshi.
#DATA Now Looking Bearish but Now we can see one Spike upward side before downside.
So keep in mind bellow point-
Support: 601 Sat
Target: 785 Sat
SL: 650 Sat ( if open Long)
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LONG - DATA - Trading OpportunityAfter BINANCE:DATABTC insane pump a few days ago, an ascending triangle formation seems to have taken place, while the volume slowly decreases we might see a last hurrah pump.
This is quite a risky trade so take that in consideration for position size.
Entry: 0.00000471
Target 1: 0.00000596
Target 2: 0.00000725
SL: 0.00000429
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Streamr DATAcoin Perfect Ascending TriangleThe "ascending triangle" is a continuation pattern and bullish in nature.
Here can see where the Streamr DATAcoin chart (DATABTC) printed a perfect ascending triangle that produced a bullish breakout.
When you see this pattern, the bulls are in favor.
Namaste.