DATA / BTC
Price was in downtrend channel and dropped to the previous accoumlation zone (157-105 sats)
Last time From this area we had massive bullish rally to 1100+ sats !!!
Now we wait Bullish signs here first before a buy descision specially if BTC dominance start to decrease will be a good signs for alts like DATA
But best safe buy area is :
if price...
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BINANCE: DATABTC
-Streamr DATAcoin is testing the major support area during its downtrend
-The support zone at 369 sat is previously resistance twice
-This is a good chance to flip this area into new support
-If you are a support buyer, this zone is a perfect entry with tight stop loss
-But if you want a conservative entry position
-I suggest waiting for the mid...
DATA/BTC
-Streamr DATAcoin got rejected by the trendline resistance
-The price is likely to go back down to retest the previous Low support
-The 400 sat area is a previous resistance turned support
-If the price hits that level, the chances of another bounce up reaction are high
-But I will always recommend opening a Buy order only if there are Bullish...
DATA/BTC
-the trendline resistance has been broken to the upside
-but the price has retraced and potentially will reset the new support
-the highlighted green area if the immediately level needs to hold
-to continue its uptrend short term bias
-for now, there is no major red flag yet
-we will have to observe the situation in the coming 3-5 days
DATA/BTC
-failed to hold immediate support at 815s
-the price is will look down at next key support
-stong support is based before breakout at 670s
-if the DATA hits key areas, we could expect some bounce
-the market review is blow off the top on the 4H chart
DATA/BTC
-local resistance breakout
-holding 20MA as dynamic support
-new key support at 600 sats
-the uptrend has potentially resumed
-upside target is the Swing high
-stoploss below key support
DATA/BTC
This is a bullish scenario for DATA where we can see a potential ascending triangle pattern.
A flat line of resistance is respected between 505 - 460 sat area and a new higher low at 320 sat.
If DATA pulls back at 400 sats and confirmed another higher low.
The chances of performing this pattern are increased and the way we trade this type of setup
is...
It Moved Up More Than I Was Expecting:
I posted an idea on DATA with Bitcoin pair on 5 Oct 2019 here the price action was moving within a down channel and hitting the support of this channel the volume profile of complete channel was showing very low interest of traders at support and the price action found the support at 0.00000427
price action found the...
Priceline of DATAcoin / Bitcoin cryptocurrency is moving within a channel.
Previously in month of Mar 2019 the price action found the support at 0.00000427 sats and took bullish divergence and produced more than 93% profit.
This time again the price action has found another support and current support is at 0.00000098 sats and we are expecting next bullish...
DATA/BTC
DATA broke bullish after the price traded outside the downward resistance. We can say the deep pullback is already over and new Higher Low is now set.
A healthy pullback to retest the old resistance to turn into new support will give DATA more confidence that this breakout is not just a relief rally but a continuation of the longer uptrend.
