Streamr DATAcoin (DATABTC) is another pair on Binance that is challenging resistance as I write this.
Several weeks back, we were always looking at EMA10 (green line) for signals regarding the potential of a pair, either bearish or bullish (below or above).
Now, most of the altcoins pairs are trading not only above EMA10 but also above EMA50 (magenta) and even EMA100 (blue).
When a pair is above EMA100, the next move that it makes can be a big one, because there isn't much resistance on the way up.
DATABTC is now challenging EMA100 (0.00000154) and trying to move above it. A close above this level and the next target activates, EMA200 or 0.00000236 btc. This is in between 1.618 and 2 Fib. projection for the next bullish wave... Over 50% of potential profits.
Chart signals:
Increasing volume.
Strong chart structure.
Bullish indicators.
DATABTC is expected to continue with its growth.
Conditions for change The low set on the 10-Aug. can be used as a stop-loss. If DATABTC moves below this level, the above signals are invalidated and a new analysis is needed. All trading above 87 satoshis and DATABTC remains bullish for long-term growth.