AlanSantana

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

Long
HUOBI:DTABTC   None
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.

✅ Free Cryptocurrency Charts, Trades & More... 👉 http://ascryptocurrency.com

📲 GET PAID! 5 UNIQUE/PAID Telegram Channels 👉 http://asgetpaid.com
(Up To 50% Referral Commissions)

Related Ideas

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.