bizmark

STREAMR (DATA) launchpad

Long
BINANCE:DATAUSDT   Streamr DATAcoin / TetherUS
This nice curve gives Streamr DATAcoin power. Made this analysis few days ago, didn't published, just shared on chat, now publishing, as this curve has been retested and seems legit. Also sharing my targets...
Comment: 1st TP hit, price then pulled back close to the launchpad. Already re-entered at this level, but will add more in the buy zone 0.135-0.130.
Comment: As the last dip into the launchpad has been deeper (and price stayed there longer) than usually, it could "backfire" up stronger than usually. Let's see...
Comment: I think the STREAMR still has enough steam to hit the TP. Broke up the falling wedge (orange) few hours ago. I just revised the drawings (launchpad, SL, TP, added trendlines), and I will be taking profit bit lower (than originally planned) as I see a lot of sellers in the recent high area. Just don't want to see the drop below 0.134, thus SL adjusted accordingly.
Comment: After consolidation, DATAcoin broke important level and is going up again. I think it could pullback to test the previous resistance (white horizontal line) which could flip into support so I will trade that level. Stay tuned for new trade idea.
Trade closed: target reached: 2nd TP hit!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.