DATA is starting something really huge. We can see that whales accumulated for a long time and now the price is breaking out of the accumulation phase. If we take a look at the volume indicator, we can see that the volume is astonishing. This definitely confirm our bullish bias. 2811% profit is not a sci-fi, but a real deal. Elliott Wave ABC corrective pattern is complete. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process.
Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented).
A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Hi Xanrox, great work, I'm holding on tight to DATA. Do you think the 1.69 target is very likely? Because I will hold this the whole way up if it can!
Tradermariano
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@IrishGuy_ imo it's likely yea. Previous cycle f.e. Ada went from 2 cents to about $3 with much higher token supply. DePin is the trend so it can really drive the price up strong.
IrishGuy_
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Excellent thanks! I got DATA around 0.5. Can I ask you how you came up with the second target of 1.69?
Tradermariano
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Great stuff! On track :-)
MyCryptoParadise_Nathan
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Your insights into the accumulation phase, breakout, and volume analysis are appreciated.