DATABTC trade ideas
🎓#TradeUpdate 🎓 $DATA / BTC🔸Status: We managed to snatch a smashing entry on the DATA coin. I've reworked the chart a little, the pitchfork channel channel looked allot more viable than all the micro wedge formations.
I drew it up and indeed, the price action has been respecting the falling support and resistance since early December last year! Price is currently working its way though resistance, and we are up almost 15% on the trade. A late entry here looks pretty viable. A trade off the channel midline should be profitable.
🔸Current Price: 172sats (+16%)
❇️Entry: 150sats
🎯Take Profit: 234sats, 331sats, 399sats
♦️Stop Limit: Breakeven 150sats (0%)
DATABTC hitting the support | Upro 237% possibilityPriceline of DATAcoin / Bitcoin cryptocurrency is moving within a channel.
Previously in month of Mar 2019 the price action found the support at 0.00000427 sats and took bullish divergence and produced more than 93% profit.
This time again the price action has found another support and current support is at 0.00000098 sats and we are expecting next bullish divergence form here like it happened Mar 2019, insha Allah
This 0.00000098 sats support is our stop loss in case of complete candle stick closes below this support.
RSI was oversold and now moving up.
Stochastic has given bull cross from oversold zone.
Volume profile of complete channel is showing less interest of traders below the support.
I have defined targets using Fibonacci sequence:
Sell between: 0.00000211 to 0.00000331
Regards,
Atif Akbar (moon333)
DATA/BTC TA Update (Pullback is over?)DATA/BTC
DATA broke bullish after the price traded outside the downward resistance. We can say the deep pullback is already over and new Higher Low is now set.
A healthy pullback to retest the old resistance to turn into new support will give DATA more confidence that this breakout is not just a relief rally but a continuation of the longer uptrend.