🉑DATA- 2022 New perspective feat. double bottom divergences

BINANCE:DATAUSDT   Streamr DATAcoin / TetherUS
The price reached strong support, left is previous trend forming a potential double bottom there (confirmation after breaking above >0.10$) Multiple bullish divergences can be spotted on various indicators => ( RSI , MFI ,OBV) The divergence on OBV is insane.

- The chart with longer price history from Bitfinex BITFINEX:DATUSD (different ticker) looks ok (the price is at last point of dynamic support)

- BINANCE:DATABTC pair is at support in a rising channel

The whole 2021-2022 price action could be treated as one big accumulation <= this remains valid as long as the price hold above 0.07$ (red area) Also the good thing is that even if I'm wrong, stop loss can be placed very close(less than 10%) which means that risk:reward ratio here is extremally attractive.

Will post updates whenever I feel like it's needed.
Comment: let me just add that at the time of posting this bitcoin is trading at 39k and generally the market feels like its about to make a big move, so I wouldn't take ANY positions until btc breaks below <38k or above >45k

looking forward to see what comes next


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