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Streamr DATAcoin / TetherUS

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DATAUSDT trade ideas

DATAUSDT.2HThe chart you've provided is for Streamr DATAcoin (DATA) traded against Tether (USDT) on a 2-hour time frame. Let's dive into the technical analysis: Ichimoku Cloud: The price action is within the Ichimoku Cloud, suggesting indecision in the market. A breakout above the cloud could indicate a bullish trend, whereas a drop below might signal a bearish phase. Resistance Levels (R1, R2): There are resistance levels marked on the chart. R1 is not too far above the current price, indicating that it may act as a near-term barrier for price appreciation. Support Level (S1): The support level is quite a bit below the current price. If this level is breached, it could signal further bearish sentiment, potentially leading to larger price declines. RSI (Relative Strength Index): The RSI is just above 40, which is on the lower end of the neutral zone. This could indicate slight bearish momentum or potentially a consolidation phase. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and the histogram is negative, both of which suggest bearish momentum. It would be prudent to watch for any potential crossover above the signal line for signs of a changing trend. Volume: There isn't a visible volume indicator on this chart, which would help to confirm the strength behind any price moves. Conclusion: Based on the current chart, it seems that DATA/USDT is in a phase of uncertainty, with the price moving within the Ichimoku Cloud. The market appears to be waiting for a catalyst to determine direction. The bearish bias in both RSI and MACD suggests that caution is warranted. A breakout above the cloud and resistance levels, accompanied by increased volume, could be a bullish signal. Conversely, a break below the support level could lead to further declines. As always, it’s important to consider multiple indicators and market factors and to manage risk carefully when trading.
by MarsSignals
1
DATA Bullish Momentum Alert: Buy for Maximum Gains!Streamr (DATA) Coin: Quick Summary What it is: Streamr (DATA) is the native token of the Streamr Network, a decentralized real-time data marketplace. Function: DATA is used for: Governance: Holders can participate in voting on network proposals. Incentives: Nodes that provide data and infrastructure are rewarded with DATA. Payments: Data consumers use DATA to pay for access to data streams. Reputation: The more DATA a node holds, the more influence it has in the network. Recent News (as of March 17, 2024): Price Increase: DATA is up 6.55% in the last 24 hours. Increased Trading Activity: Trading volume is up 39.30% compared to yesterday. Disclaimer: I am not a financial advisor. This information is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
Long
by MoonTradingForecast
DATAUSDT.1DBased on the given market data for the currency DATA, the current price is 0.066 USDT. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. An RSI of 30 or less is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside. Conversely, an RSI of 70 or more is commonly interpreted as indicating an overbought or overvalued condition that may signal a trend change or corrective price reversal to the downside. In this case, the RSI for 4 hours is 48.58, which suggests that it is neither overbought nor oversold. For a 1-day timeframe, the RSI is 71.67, indicating a slightly overbought condition. This could suggest a possible price correction in the near term. The 7-day RSI is 80.84, further suggesting an overbought condition, hence a possible price correction in the longer term. The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD for 4 hours, 1 day and 7 days are 0.00122, 0.0049, and 0.0093 respectively. The positive MACD indicates that the price is on an uptrend. The Bollinger Bands (BB) are 0.074 for 4 hours, 1 day, and 7 days. This indicates that the price volatility for DATA is relatively low, as the Bollinger Bands are quite narrow. The support levels for 4 hours, 1 day and 7 days are 0.061, 0.061, and 0.054 respectively, while the resistance levels are 0.076, 0.079, and 0.100 respectively. These levels indicate the price levels at which the currency will likely meet resistance or support. In my opinion, the currency is currently slightly overbought, and there may be a price correction in the near term. However, the positive MACD suggests that the price is on an uptrend. Therefore, it might be a good idea to observe the market for a potential price correction before making a decision to buy or sell. As always, one should consider other market factors and indicators before making a decision. It is also advisable to consider one's risk tolerance and investment objectives. This analysis is for informational purposes only and should not be considered as financial advice.
by MarsSignals
1
DATA (Streamr) is ready for a massive pump (2811%)DATA is starting something really huge. We can see that whales accumulated for a long time and now the price is breaking out of the accumulation phase. If we take a look at the volume indicator, we can see that the volume is astonishing. This definitely confirm our bullish bias. 2811% profit is not a sci-fi, but a real deal. Elliott Wave ABC corrective pattern is complete. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process. Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented). A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
11
DATA Lights the Path: Get In on the Buy Action Today!"*Fundamental Analysis of DATA Coin:** * **Project:** Streamr, a decentralized real-time data network enabling secure and efficient data exchange and monetization. * **Token:** DATA, the utility token used for staking, network fees, and governance participation. * **Total Supply:** 1,000,000,000 DATA * **Circulating Supply:** 411,697,591 DATA (as of October 26, 2023) * **Market Cap:** ~$22 million (as of February 5, 2024) * **Use Cases:** Streamr Marketplace (data buying/selling), Streamr Node staking, network governance. **Recent News:** * **Increased trading volume:** The DATA coin's trading volume has significantly increased in the past 24 hours, potentially indicating renewed interest in the project. * **ETHDenver participation:** Streamr is actively participating in ETHDenver, a major Ethereum developer conference, potentially boosting awareness and adoption. * **Continued development:** Streamr is continually developing its network and functionalities, including oracle solutions and developer tools. **Disclaimer:** **I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.** The cryptocurrency market is highly volatile and speculative, and there is always a significant risk of losing money. Please invest only what you can afford to lose. **Additional Notes:** * The information provided is based on publicly available data and should not be considered an exhaustive analysis. * It's crucial to stay updated with the latest news and developments surrounding the DATA coin and the Streamr network. * Consider consulting with a qualified financial advisor before making any investment decisions. By adapting this disclaimer and conducting your own research, you can make informed decisions about the DATA coin while managing your investment risks responsibly.
Long
by MoonTradingForecast
DATAUSDT.4HBased on the provided market data, the cryptocurrency DATA is currently priced at $0.045 against USDT. The Relative Strength Index (RSI) over 4 hours, 1 day and 7 days are 31.83, 45.62 and 66.27 respectively. The RSI values suggest that the asset is currently in a neutral zone, neither being overbought nor oversold. The Moving Average Convergence Divergence (MACD) for the same periods are -0.0013, 0.00079 and 0.0055 respectively. The negative MACD on the 4-hour chart might indicate a bearish signal, however, the positive MACD on the daily and weekly charts may suggest a bullish trend in the longer term. The Bollinger Bands (BB) are at 0.054, 0.056, and 0.056 for the 4-hour, daily, and weekly periods respectively. The current price is below the middle band in all periods, suggesting a potential upward movement towards the band. The support levels are at 0.041 (4-hour and 1-day) and 0.029 (7-day). The resistance levels are at 0.050 (4-hour), 0.057 (1-day), and 0.054 (7-day). These levels will be crucial to watch as they could indicate potential reversals or breakthroughs. In conclusion, the market data suggests a mixed signal with short term bearish and long term bullish trends. It's important to consider other market factors and your personal risk tolerance when making investment decisions. This analysis is purely based on the provided data and does not constitute financial advice.
by MarsSignals
DATA (Streamr) is ready for a massive pump (2811%)DATA is starting something really huge. We can see that whales accumulated for a long time and now the price is breaking out of the accumulation phase. If we take a look at the volume indicator, we can see that the volume is astonishing. This definitely confirm our bullish bias. 2811% profit is not a sci-fi, but a real deal. Elliott Wave ABC corrective pattern is complete. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process. Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented). A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
18
DATADATA has reacted to the 4 hour orderblock below and found resistance on the 4 hour above. It is possible a trading range is developing for short time creating relative equal lows and equal highs which is opportunity for the "big"traders' to retail traders margins and stoplosses. Its a scenario that the orderblock at the strong low/protected low will be visited, retested as it the block that caused the pump. Once visited heading to the major high. Opportunity for long at the lowest orderblock.
Long
by VACKo