V0VOLAN

📊DATA Textbook E/Waves in a S/Triangle

Long
BINANCE:DATAUSDT   Streamr DATAcoin / TetherUS
This is almost a perfect textbook example of Elliot Waves inside of a symmetrical triangle/ bullish pennant (whatever you want to call it, I don't know)

The price is getting squeezed inside of the formation and is going to be forced to make a move either up or down.

Given the previous uptrend which had its peak on 7th of April 2021, this is considered to be a continuation pattern with higher odds of breaking out to the upside.

I'm scaling in with some longs!

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About Streamr DATAcoin:

Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum . It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.


Source: coincentral.com
Comment: update:

don't get fooled... we're just getting started :)