DATAUSDT resuming Uptrend on the Weekly Chart (+72% expected)
Hi,
after channel break confirmation in March 2020, DATAUSDT started to grow.
After 9 weeks correction, seems to have found support on the weekly 20MA and now bouncing out of the descending wedge.
RSI and MACD show a possible trend inversion.
Volume is expected to boom after such a long thin range.
A convenient Stop loss could be placed under 0,054$ (local uptrend line on the daily chart) for a 1:10 risk/reward.
Below weekly 20MA this analysis is invalidated. Can be used as stop loss alternative.
First target is retest of the last high at around 0.10$ (+72% at the time of this analysis).
Other targets can be found in the chart.
Ciao,
after channel break confirmation in March 2020, DATAUSDT started to grow.
After 9 weeks correction, seems to have found support on the weekly 20MA and now bouncing out of the descending wedge.
RSI and MACD show a possible trend inversion.
Volume is expected to boom after such a long thin range.
A convenient Stop loss could be placed under 0,054$ (local uptrend line on the daily chart) for a 1:10 risk/reward.
Below weekly 20MA this analysis is invalidated. Can be used as stop loss alternative.
First target is retest of the last high at around 0.10$ (+72% at the time of this analysis).
Other targets can be found in the chart.
Ciao,