alanmasters
Long

DATA (DTABTC) on Huobi Prepares For Bullish Action (1700% - 2800

HUOBI:DTABTC   DATA / Bitcoin
Good SUNday my successful and profitable cryptocurrency trader, today I would like to take a few minutes to take a look at DATA ( DTABTC ) on Huobi, we have a few strong and very clear signals to look at.

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 volume bar produced last week. This is the highest volume bar ever for DTABTC , even higher than January's 2018 bull run volume . 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 bullish action will be coming soon.

  • This super high volume 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 = bearish potential.
    Above EMA10 = bullish 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 bullish bias.

  • The TD Sequential started a new positive count after completing a perfect negative nine. Supporting the high volume 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 bullish candlestick which broke above the EMA10 resistance.

  • The MACD is trending up with good momentum.

  • The RSI is turning bullish 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.

Namaste.
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Related Ideas

This trade was stopped. No targets were reached,
Reply
@arasbr, 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 ).
Reply
arasbr alanmasters
@alanmasters, Sure. What I meant was that your trade advice for the DTABTC pair, which I assume was based on this chart, hit a stop loss.
Reply
@arasbr, No need to assume, you can check the full trade if you have access to it, if not... Then thanks a lot for the comment, which isn't helpful at all.

Namaste.
Reply
arasbr alanmasters
@alanmasters, actually what is not helpful at all is making over 20 trade suggestions over a short period of time considering that the vast majority of them hit a stop loss without ever reaching even the first target. That is very poor risk management - better concentrate on fewer but more accurate suggestions and not open so many simultaneous trades. Anyway, Namaste to you too.
Reply
@arasbr, Thanks a lot for the feedback, appreciated.

Anything else?
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is it ok if we got in in bittrex?
Reply
alanmasters ZiadGhosn67
@ZiadGhosn67, Yes, anywhere you want that it is available.
Reply
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