Streamr (DATA) - Bullish divergence

Oct 10, 2023

On the above 5-day chart price action has corrected over 90% since April 2021. Now is a good opportunity to go long. Why?

1) Price action and RSI resistance breakouts.

2) Price action finds support on past resistance.

3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period as was the previous.

4) The flagpole measures out at 800% to target.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe for long: now
Return: 800%

Oct 10, 2023

Trade active

GRM support was confirmed at publication.

Oct 26, 2023

Note

resistance no more, sellers exhausted

Nov 10, 2023

Note

Past resistance confirmed as support.

Nov 30, 2023

Note

Act.

Dec 19, 2023

Trade active

Dec 23, 2023

Note

Following the 200% move of this week (where profits should have been taken if you're a swing trader) the resistance breakout from 0.031 price action now must confirm support. That support test is still a 40% correction away.

Mar 19, 2024

Trade active

Past resistance becomes support. 300% so far.

Weak emotional hands, I salute you.

Everyone else, another 200% until resistance.

Nov 2, 2024

Trade closed manually

50% drop is likely to print in the coming weeks for this token.