So let us start by hitting like now so we can continue with this analysis...
Ok, thanks a lot for the support.
Now, this is not a piece of trade advice, I will be reading the chart for you, if you decide to trade or not this altcoin that is completely up to you.
DATA ( DTABTC ) on Huobi Charts Analysis by Alan Masters
Let's start with the charts...
LONG TERM WEEKLY:
- Here the first thing I would like to attract your attention to is the high bar produced last week. This is the highest bar ever for DTABTC , even higher than January's 2018 bull run . This is a good indication that the whales/miners/exchanges are starting to load up on this altcoin. If these entities/people are buying up, we can take it as a signal that action will be coming soon.
- This super high also marks a break of the EMA10 resistance, which is the green line you see on the chart. DTABTC traded below EMA10 since May 2018. So this is now a resistance turned support.
Below EMA10 = potential.
Above EMA10 = potential.
This is just a basic indicator that I use and share with my readers so that you can easily start to do your own charting. Now that DTABTC is above EMA10, we can start looking at it with a bias.
- The TD Sequential started a new positive count after completing a perfect negative nine. Supporting the high bar we are seeing and the break above EMA10.
- On February 2018 DTABTC marked a new all-time low at 0.0000001700. After we hit bottom, the only place left to go is up.
- We are looking at 1700% profits potential to the all-time high, and over 2800% to a new high (Fib. projection).
- These are some basic signals, let's take a look at a few more for our own learning and entertainment.
A closer look at the weekly:
- When looking at it closer, it is easier to appreciate last week strong which broke above the EMA10 resistance.
- The is trending up with good momentum.
- The is turning and trading above all resistance and at its highest since May 2018.
- Looking at these signals, we can expect DATA to have a strong move in the months ahead that can generate massive gains.
- Remember to hit like... Let's continue.
Note: This is not a piece of trade advice, all of my trades contain targets, buy-in, stop-loss, and additional information. Let me know in the comments section if you would like to see a full trade for DATA ( DTABTC ).
Thanks a lot for reading, I hope you were entertained.
This is Alan Masters and I appreciate your time, energy, and support.